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 | BULLISH | 03/17/23 | $170.00 | $36.4K | 15.8K | 57.6K |
AMZN | PUT | SWEEP | BEARISH | 03/17/23 | $91.00 | $31.0K | 14.7K | 6.2K |
BOWL | PUT | TRADE | BULLISH | 03/17/23 | $15.00 | $33.4K | 4.0K | 4.0K |
CZR | PUT | TRADE | BULLISH | 01/19/24 | $40.00 | $1.1 million | 726 | 2.0K |
NIO | CALL | TRADE | BEARISH | 01/19/24 | $10.00 | $36.2K | 26.6K | 1.2K |
GM | PUT | SWEEP | BEARISH | 01/19/24 | $35.00 | $133.5K | 28.3K | 1.1K |
JD | PUT | SWEEP | BEARISH | 09/15/23 | $37.50 | $37.3K | 1.3K | 829 |
PLNT | CALL | TRADE | BEARISH | 05/19/23 | $85.00 | $68.0K | 27 | 400 |
LI | PUT | SWEEP | BEARISH | 03/31/23 | $25.50 | $36.4K | 8 | 375 |
MBLY | PUT | TRADE | BULLISH | 05/19/23 | $35.00 | $27.9K | 1.3K | 288 |
Explanation
These itemized elaborations have been created using the accompanying table.
• Regarding TSLA TSLA, we observe a call option trade with bullish sentiment. It expires in 4 day(s) on March 17, 2023. Parties traded 51 contract(s) at a $170.00 strike. The total cost received by the writing party (or parties) was $36.4K, with a price of $715.0 per contract. There were 15862 open contracts at this strike prior to today, and today 57674 contract(s) were bought and sold.
• Regarding AMZN AMZN, we observe a put option sweep with bearish sentiment. It expires in 4 day(s) on March 17, 2023. Parties traded 200 contract(s) at a $91.00 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 $31.0K, with a price of $155.0 per contract. There were 14730 open contracts at this strike prior to today, and today 6287 contract(s) were bought and sold.
• For BOWL BOWL, we notice a put option trade that happens to be bullish, expiring in 4 day(s) on March 17, 2023. This event was a transfer of 3347 contract(s) at a $15.00 strike. The total cost received by the writing party (or parties) was $33.4K, with a price of $10.0 per contract. There were 4086 open contracts at this strike prior to today, and today 4029 contract(s) were bought and sold.
• Regarding CZR CZR, we observe a put option trade with bullish sentiment. It expires in 312 day(s) on January 19, 2024. Parties traded 2000 contract(s) at a $40.00 strike. The total cost received by the writing party (or parties) was $1.1 million, with a price of $590.0 per contract. There were 726 open contracts at this strike prior to today, and today 2000 contract(s) were bought and sold.
• Regarding NIO NIO, we observe a call option trade with bearish sentiment. It expires in 312 day(s) on January 19, 2024. Parties traded 200 contract(s) at a $10.00 strike. The total cost received by the writing party (or parties) was $36.2K, with a price of $181.0 per contract. There were 26666 open contracts at this strike prior to today, and today 1208 contract(s) were bought and sold.
• For GM GM, we notice a put option sweep that happens to be bearish, expiring in 312 day(s) on January 19, 2024. This event was a transfer of 318 contract(s) at a $35.00 strike. This particular put needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $133.5K, with a price of $420.0 per contract. There were 28379 open contracts at this strike prior to today, and today 1164 contract(s) were bought and sold.
• Regarding JD JD, we observe a put option sweep with bearish sentiment. It expires in 186 day(s) on September 15, 2023. Parties traded 91 contract(s) at a $37.50 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 $37.3K, with a price of $410.0 per contract. There were 1359 open contracts at this strike prior to today, and today 829 contract(s) were bought and sold.
• Regarding PLNT PLNT, we observe a call option trade with bearish sentiment. It expires in 67 day(s) on May 19, 2023. Parties traded 400 contract(s) at a $85.00 strike. The total cost received by the writing party (or parties) was $68.0K, with a price of $170.0 per contract. There were 27 open contracts at this strike prior to today, and today 400 contract(s) were bought and sold.
• For LI LI, we notice a put option sweep that happens to be bearish, expiring in 18 day(s) on March 31, 2023. This event was a transfer of 100 contract(s) at a $25.50 strike. This particular put needed to be split into 8 different trades to become filled. The total cost received by the writing party (or parties) was $36.4K, with a price of $365.0 per contract. There were 8 open contracts at this strike prior to today, and today 375 contract(s) were bought and sold.
• Regarding MBLY MBLY, we observe a put option trade with bullish sentiment. It expires in 67 day(s) on May 19, 2023. Parties traded 115 contract(s) at a $35.00 strike. The total cost received by the writing party (or parties) was $27.9K, with a price of $243.0 per contract. There were 1302 open contracts at this strike prior to today, and today 288 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 news on unusual options activity.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
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