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 | TRADE | BULLISH | 04/21/23 | $185.00 | $208.7K | 11.0K | 17.5K |
CROX | CALL | TRADE | BEARISH | 04/21/23 | $129.00 | $33.0K | 1.0K | 1.0K |
SONY | CALL | SWEEP | BEARISH | 04/21/23 | $91.00 | $63.1K | 462 | 707 |
BBBY | PUT | TRADE | BULLISH | 04/21/23 | $1.00 | $33.3K | 17.6K | 478 |
HAS | CALL | TRADE | BULLISH | 07/21/23 | $57.50 | $74.0K | 345 | 402 |
GM | PUT | TRADE | BEARISH | 01/17/25 | $45.00 | $306.2K | 2.9K | 248 |
TAL | CALL | SWEEP | BULLISH | 04/21/23 | $4.00 | $26.2K | 0 | 132 |
DKS | CALL | SWEEP | BEARISH | 05/19/23 | $120.00 | $75.3K | 0 | 81 |
VFC | CALL | TRADE | BEARISH | 01/19/24 | $12.50 | $48.4K | 173 | 53 |
AAP | PUT | SWEEP | BEARISH | 08/18/23 | $125.00 | $39.9K | 22 | 52 |
Explanation
These itemized elaborations have been created using the accompanying table.
• For TSLA TSLA, we notice a put option trade that happens to be bullish, expiring in 8 day(s) on April 21, 2023. This event was a transfer of 250 contract(s) at a $185.00 strike. The total cost received by the writing party (or parties) was $208.7K, with a price of $835.0 per contract. There were 11084 open contracts at this strike prior to today, and today 17573 contract(s) were bought and sold.
• For CROX CROX, we notice a call option trade that happens to be bearish, expiring in 8 day(s) on April 21, 2023. This event was a transfer of 100 contract(s) at a $129.00 strike. The total cost received by the writing party (or parties) was $33.0K, with a price of $330.0 per contract. There were 1011 open contracts at this strike prior to today, and today 1046 contract(s) were bought and sold.
• Regarding SONY SONY, we observe a call option sweep with bearish sentiment. It expires in 8 day(s) on April 21, 2023. Parties traded 700 contract(s) at a $91.00 strike. This particular call needed to be split into 32 different trades to become filled. The total cost received by the writing party (or parties) was $63.1K, with a price of $90.0 per contract. There were 462 open contracts at this strike prior to today, and today 707 contract(s) were bought and sold.
• Regarding BBBY BBBY, we observe a put option trade with bullish sentiment. It expires in 8 day(s) on April 21, 2023. Parties traded 451 contract(s) at a $1.00 strike. The total cost received by the writing party (or parties) was $33.3K, with a price of $74.0 per contract. There were 17672 open contracts at this strike prior to today, and today 478 contract(s) were bought and sold.
• Regarding HAS HAS, we observe a call option trade with bullish sentiment. It expires in 99 day(s) on July 21, 2023. Parties traded 400 contract(s) at a $57.50 strike. The total cost received by the writing party (or parties) was $74.0K, with a price of $185.0 per contract. There were 345 open contracts at this strike prior to today, and today 402 contract(s) were bought and sold.
• For GM GM, we notice a put option trade that happens to be bearish, expiring in 645 day(s) on January 17, 2025. This event was a transfer of 248 contract(s) at a $45.00 strike. The total cost received by the writing party (or parties) was $306.2K, with a price of $1235.0 per contract. There were 2909 open contracts at this strike prior to today, and today 248 contract(s) were bought and sold.
• For TAL TAL, we notice a call option sweep that happens to be bullish, expiring in 8 day(s) on April 21, 2023. This event was a transfer of 132 contract(s) at a $4.00 strike. This particular call needed to be split into 8 different trades to become filled. The total cost received by the writing party (or parties) was $26.2K, with a price of $199.0 per contract. There were 0 open contracts at this strike prior to today, and today 132 contract(s) were bought and sold.
• Regarding DKS DKS, we observe a call option sweep with bearish sentiment. It expires in 36 day(s) on May 19, 2023. Parties traded 40 contract(s) at a $120.00 strike. This particular call needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was $75.3K, with a price of $1894.0 per contract. There were 0 open contracts at this strike prior to today, and today 81 contract(s) were bought and sold.
• For VFC VFC, we notice a call option trade that happens to be bearish, expiring in 281 day(s) on January 19, 2024. This event was a transfer of 50 contract(s) at a $12.50 strike. The total cost received by the writing party (or parties) was $48.4K, with a price of $970.0 per contract. There were 173 open contracts at this strike prior to today, and today 53 contract(s) were bought and sold.
• Regarding AAP AAP, we observe a put option sweep with bearish sentiment. It expires in 127 day(s) on August 18, 2023. Parties traded 38 contract(s) at a $125.00 strike. This particular put needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was $39.9K, with a price of $1050.0 per contract. There were 22 open contracts at this strike prior to today, and today 52 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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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