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 | TRADE | BEARISH | 01/06/23 | $113.00 | $28.0K | 4.2K | 25.8K |
AMZN | CALL | SWEEP | BULLISH | 01/06/23 | $87.00 | $33.8K | 13.3K | 14.5K |
BABA | CALL | SWEEP | BEARISH | 01/20/23 | $110.00 | $25.7K | 17.8K | 9.3K |
PTON | CALL | SWEEP | BULLISH | 01/06/23 | $9.00 | $40.0K | 738 | 8.9K |
MLCO | CALL | SWEEP | BEARISH | 04/21/23 | $20.00 | $35.4K | 12 | 4.1K |
EDU | CALL | SWEEP | BULLISH | 02/17/23 | $35.00 | $417.7K | 91 | 997 |
RCL | PUT | SWEEP | BEARISH | 02/17/23 | $50.00 | $170.0K | 1.2K | 911 |
PDD | PUT | SWEEP | BULLISH | 01/20/23 | $79.00 | $79.1K | 181 | 840 |
RIVN | CALL | SWEEP | BEARISH | 03/17/23 | $20.00 | $81.2K | 3.6K | 770 |
GME | CALL | TRADE | BULLISH | 01/20/23 | $18.00 | $26.6K | 391 | 532 |
Explanation
These itemized elaborations have been created using the accompanying table.
• Regarding TSLA TSLA, we observe a call option trade with bearish sentiment. It expires in 2 day(s) on January 6, 2023. Parties traded 85 contract(s) at a $113.00 strike. The total cost received by the writing party (or parties) was $28.0K, with a price of $330.0 per contract. There were 4203 open contracts at this strike prior to today, and today 25882 contract(s) were bought and sold.
• For AMZN AMZN, we notice a call option sweep that happens to be bullish, expiring in 2 day(s) on January 6, 2023. This event was a transfer of 393 contract(s) at a $87.00 strike. This particular call needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $33.8K, with a price of $86.0 per contract. There were 13341 open contracts at this strike prior to today, and today 14518 contract(s) were bought and sold.
• Regarding BABA BABA, we observe a call option sweep with bearish sentiment. It expires in 16 day(s) on January 20, 2023. Parties traded 88 contract(s) at a $110.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $25.7K, with a price of $293.0 per contract. There were 17816 open contracts at this strike prior to today, and today 9314 contract(s) were bought and sold.
• For PTON PTON, we notice a call option sweep that happens to be bullish, expiring in 2 day(s) on January 6, 2023. This event was a transfer of 2110 contract(s) at a $9.00 strike. This particular call needed to be split into 12 different trades to become filled. The total cost received by the writing party (or parties) was $40.0K, with a price of $19.0 per contract. There were 738 open contracts at this strike prior to today, and today 8959 contract(s) were bought and sold.
• For MLCO MLCO, we notice a call option sweep that happens to be bearish, expiring in 107 day(s) on April 21, 2023. This event was a transfer of 644 contract(s) at a $20.00 strike. This particular call needed to be split into 10 different trades to become filled. The total cost received by the writing party (or parties) was $35.4K, with a price of $55.0 per contract. There were 12 open contracts at this strike prior to today, and today 4138 contract(s) were bought and sold.
• Regarding EDU EDU, we observe a call option sweep with bullish sentiment. It expires in 44 day(s) on February 17, 2023. Parties traded 995 contract(s) at a $35.00 strike. This particular call needed to be split into 54 different trades to become filled. The total cost received by the writing party (or parties) was $417.7K, with a price of $420.0 per contract. There were 91 open contracts at this strike prior to today, and today 997 contract(s) were bought and sold.
• Regarding RCL RCL, we observe a put option sweep with bearish sentiment. It expires in 44 day(s) on February 17, 2023. Parties traded 500 contract(s) at a $50.00 strike. This particular put needed to be split into 20 different trades to become filled. The total cost received by the writing party (or parties) was $170.0K, with a price of $340.0 per contract. There were 1267 open contracts at this strike prior to today, and today 911 contract(s) were bought and sold.
• For PDD PDD, we notice a put option sweep that happens to be bullish, expiring in 16 day(s) on January 20, 2023. This event was a transfer of 1113 contract(s) at a $79.00 strike. This particular put needed to be split into 64 different trades to become filled. The total cost received by the writing party (or parties) was $79.1K, with a price of $71.0 per contract. There were 181 open contracts at this strike prior to today, and today 840 contract(s) were bought and sold.
• Regarding RIVN RIVN, we observe a call option sweep with bearish sentiment. It expires in 72 day(s) on March 17, 2023. Parties traded 400 contract(s) at a $20.00 strike. This particular call needed to be split into 26 different trades to become filled. The total cost received by the writing party (or parties) was $81.2K, with a price of $203.0 per contract. There were 3600 open contracts at this strike prior to today, and today 770 contract(s) were bought and sold.
• For GME GME, we notice a call option trade that happens to be bullish, expiring in 16 day(s) on January 20, 2023. This event was a transfer of 200 contract(s) at a $18.00 strike. The total cost received by the writing party (or parties) was $26.6K, with a price of $133.0 per contract. There were 391 open contracts at this strike prior to today, and today 532 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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