This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels.
Below are some instances of options activity happening in the Consumer Discretionary sector:
Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
---|---|---|---|---|---|---|---|---|
TSLA | CALL | SWEEP | BEARISH | 12/16/22 | $172.50 | $28.6K | 1.8K | 16.3K |
VIPS | CALL | SWEEP | BULLISH | 01/20/23 | $13.00 | $80.9K | 6.7K | 2.2K |
VSCO | CALL | TRADE | BULLISH | 01/20/23 | $45.00 | $405.0K | 580 | 1.9K |
CCL | PUT | SWEEP | BEARISH | 01/17/25 | $5.00 | $106.3K | 31.4K | 1.2K |
TGT | PUT | SWEEP | BEARISH | 12/16/22 | $160.00 | $223.0K | 8.6K | 1.0K |
MCD | CALL | SWEEP | BEARISH | 12/16/22 | $277.50 | $42.9K | 631 | 577 |
JD | PUT | TRADE | BEARISH | 01/17/25 | $60.00 | $797.5K | 6 | 500 |
GM | PUT | SWEEP | BULLISH | 12/16/22 | $39.00 | $55.6K | 7.8K | 442 |
W | PUT | SWEEP | BEARISH | 02/17/23 | $25.00 | $54.0K | 877 | 302 |
VRM | PUT | TRADE | BULLISH | 01/19/24 | $15.00 | $298.5K | 786 | 214 |
Explanation
These bullet-by-bullet explanations have been constructed using the accompanying table.
• Regarding TSLA TSLA, we observe a call option sweep with bearish sentiment. It expires in 4 day(s) on December 16, 2022. Parties traded 52 contract(s) at a $172.50 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $28.6K, with a price of $550.0 per contract. There were 1852 open contracts at this strike prior to today, and today 16366 contract(s) were bought and sold.
• Regarding VIPS VIPS, we observe a call option sweep with bullish sentiment. It expires in 39 day(s) on January 20, 2023. Parties traded 770 contract(s) at a $13.00 strike. This particular call needed to be split into 19 different trades to become filled. The total cost received by the writing party (or parties) was $80.9K, with a price of $105.0 per contract. There were 6760 open contracts at this strike prior to today, and today 2247 contract(s) were bought and sold.
• Regarding VSCO VSCO, we observe a call option trade with bullish sentiment. It expires in 39 day(s) on January 20, 2023. Parties traded 1500 contract(s) at a $45.00 strike. The total cost received by the writing party (or parties) was $405.0K, with a price of $270.0 per contract. There were 580 open contracts at this strike prior to today, and today 1983 contract(s) were bought and sold.
• For CCL CCL, we notice a put option sweep that happens to be bearish, expiring in 767 day(s) on January 17, 2025. This event was a transfer of 818 contract(s) at a $5.00 strike. This particular put needed to be split into 52 different trades to become filled. The total cost received by the writing party (or parties) was $106.3K, with a price of $130.0 per contract. There were 31421 open contracts at this strike prior to today, and today 1236 contract(s) were bought and sold.
• For TGT TGT, we notice a put option sweep that happens to be bearish, expiring in 4 day(s) on December 16, 2022. This event was a transfer of 200 contract(s) at a $160.00 strike. This particular put needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $223.0K, with a price of $1115.0 per contract. There were 8630 open contracts at this strike prior to today, and today 1021 contract(s) were bought and sold.
• For MCD MCD, we notice a call option sweep that happens to be bearish, expiring in 4 day(s) on December 16, 2022. This event was a transfer of 218 contract(s) at a $277.50 strike. This particular call needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $42.9K, with a price of $197.0 per contract. There were 631 open contracts at this strike prior to today, and today 577 contract(s) were bought and sold.
• For JD JD, we notice a put option trade that happens to be bearish, expiring in 767 day(s) on January 17, 2025. This event was a transfer of 500 contract(s) at a $60.00 strike. The total cost received by the writing party (or parties) was $797.5K, with a price of $1595.0 per contract. There were 6 open contracts at this strike prior to today, and today 500 contract(s) were bought and sold.
• For GM GM, we notice a put option sweep that happens to be bullish, expiring in 4 day(s) on December 16, 2022. This event was a transfer of 435 contract(s) at a $39.00 strike. This particular put needed to be split into 14 different trades to become filled. The total cost received by the writing party (or parties) was $55.6K, with a price of $128.0 per contract. There were 7891 open contracts at this strike prior to today, and today 442 contract(s) were bought and sold.
• For W W, we notice a put option sweep that happens to be bearish, expiring in 67 day(s) on February 17, 2023. This event was a transfer of 300 contract(s) at a $25.00 strike. This particular put needed to be split into 22 different trades to become filled. The total cost received by the writing party (or parties) was $54.0K, with a price of $180.0 per contract. There were 877 open contracts at this strike prior to today, and today 302 contract(s) were bought and sold.
• Regarding VRM VRM, we observe a put option trade with bullish sentiment. It expires in 403 day(s) on January 19, 2024. Parties traded 214 contract(s) at a $15.00 strike. The total cost received by the writing party (or parties) was $298.5K, with a price of $1395.0 per contract. There were 786 open contracts at this strike prior to today, and today 214 contract(s) were bought and sold.
Options Alert Terminology
- Call Contracts: The right to buy shares as indicated in the contract.
- Put Contracts: The right to sell shares as indicated in the contract.
- Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it.
- Premium/Option Price: The price of the contract.
For more information, visit our Guide to Understanding Options Alerts or read more about unusual options activity.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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