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 | PUT | SWEEP | BULLISH | 03/10/23 | $195.00 | $540.9K | 11.3K | 46.8K |
AMZN | CALL | SWEEP | BULLISH | 04/21/23 | $105.00 | $69.6K | 21.2K | 9.2K |
BABA | CALL | SWEEP | BULLISH | 03/10/23 | $95.00 | $31.0K | 3.0K | 6.0K |
WW | CALL | SWEEP | BULLISH | 07/21/23 | $2.50 | $105.8K | 4.8K | 2.1K |
CVNA | CALL | TRADE | BULLISH | 04/21/23 | $12.50 | $25.8K | 2.4K | 1.3K |
KMX | PUT | SWEEP | NEUTRAL | 04/21/23 | $70.00 | $219.0K | 3.5K | 539 |
ABNB | CALL | SWEEP | BEARISH | 01/19/24 | $220.00 | $78.4K | 1.2K | 437 |
VFC | CALL | SWEEP | BULLISH | 01/19/24 | $35.00 | $31.4K | 2.4K | 305 |
DPZ | PUT | TRADE | BEARISH | 01/19/24 | $310.00 | $30.4K | 349 | 224 |
WYNN | PUT | TRADE | BEARISH | 03/10/23 | $122.00 | $34.2K | 1 | 50 |
Explanation
These itemized elaborations have been created using the accompanying table.
• For TSLA TSLA, we notice a put option sweep that happens to be bullish, expiring in 4 day(s) on March 10, 2023. This event was a transfer of 998 contract(s) at a $195.00 strike. This particular put needed to be split into 26 different trades to become filled. The total cost received by the writing party (or parties) was $540.9K, with a price of $540.0 per contract. There were 11395 open contracts at this strike prior to today, and today 46870 contract(s) were bought and sold.
• Regarding AMZN AMZN, we observe a call option sweep with bullish sentiment. It expires in 46 day(s) on April 21, 2023. Parties traded 405 contract(s) at a $105.00 strike. This particular call needed to be split into 17 different trades to become filled. The total cost received by the writing party (or parties) was $69.6K, with a price of $172.0 per contract. There were 21256 open contracts at this strike prior to today, and today 9257 contract(s) were bought and sold.
• For BABA BABA, we notice a call option sweep that happens to be bullish, expiring in 4 day(s) on March 10, 2023. This event was a transfer of 501 contract(s) at a $95.00 strike. This particular call needed to be split into 16 different trades to become filled. The total cost received by the writing party (or parties) was $31.0K, with a price of $62.0 per contract. There were 3079 open contracts at this strike prior to today, and today 6031 contract(s) were bought and sold.
• For WW WW, we notice a call option sweep that happens to be bullish, expiring in 137 day(s) on July 21, 2023. This event was a transfer of 588 contract(s) at a $2.50 strike. This particular call needed to be split into 23 different trades to become filled. The total cost received by the writing party (or parties) was $105.8K, with a price of $180.0 per contract. There were 4819 open contracts at this strike prior to today, and today 2176 contract(s) were bought and sold.
• For CVNA CVNA, we notice a call option trade that happens to be bullish, expiring in 46 day(s) on April 21, 2023. This event was a transfer of 200 contract(s) at a $12.50 strike. The total cost received by the writing party (or parties) was $25.8K, with a price of $129.0 per contract. There were 2482 open contracts at this strike prior to today, and today 1381 contract(s) were bought and sold.
• For KMX KMX, we notice a put option sweep that happens to be neutral, expiring in 46 day(s) on April 21, 2023. This event was a transfer of 438 contract(s) at a $70.00 strike. This particular put needed to be split into 12 different trades to become filled. The total cost received by the writing party (or parties) was $219.0K, with a price of $500.0 per contract. There were 3587 open contracts at this strike prior to today, and today 539 contract(s) were bought and sold.
• For ABNB ABNB, we notice a call option sweep that happens to be bearish, expiring in 319 day(s) on January 19, 2024. This event was a transfer of 296 contract(s) at a $220.00 strike. This particular call needed to be split into 45 different trades to become filled. The total cost received by the writing party (or parties) was $78.4K, with a price of $265.0 per contract. There were 1250 open contracts at this strike prior to today, and today 437 contract(s) were bought and sold.
• For VFC VFC, we notice a call option sweep that happens to be bullish, expiring in 319 day(s) on January 19, 2024. This event was a transfer of 286 contract(s) at a $35.00 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 $31.4K, with a price of $110.0 per contract. There were 2410 open contracts at this strike prior to today, and today 305 contract(s) were bought and sold.
• Regarding DPZ DPZ, we observe a put option trade with bearish sentiment. It expires in 319 day(s) on January 19, 2024. Parties traded 10 contract(s) at a $310.00 strike. The total cost received by the writing party (or parties) was $30.4K, with a price of $3040.0 per contract. There were 349 open contracts at this strike prior to today, and today 224 contract(s) were bought and sold.
• For WYNN WYNN, we notice a put option trade that happens to be bearish, expiring in 4 day(s) on March 10, 2023. This event was a transfer of 50 contract(s) at a $122.00 strike. The total cost received by the writing party (or parties) was $34.2K, with a price of $685.0 per contract. There were 1 open contracts at this strike prior to today, and today 50 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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