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 |
---|---|---|---|---|---|---|---|---|
F | CALL | SWEEP | BULLISH | 05/05/23 | $12.00 | $40.1K | 8.1K | 5.8K |
TSLA | PUT | SWEEP | BEARISH | 05/19/23 | $165.00 | $33.5K | 19.3K | 2.3K |
NIO | CALL | TRADE | BEARISH | 08/18/23 | $10.00 | $30.0K | 16.1K | 1.5K |
MHK | CALL | TRADE | NEUTRAL | 05/19/23 | $90.00 | $84.4K | 2.0K | 1.0K |
NCLH | PUT | SWEEP | NEUTRAL | 01/19/24 | $11.00 | $53.5K | 10 | 785 |
LI | PUT | TRADE | BULLISH | 01/19/24 | $20.00 | $134.0K | 4.0K | 500 |
SBUX | CALL | TRADE | BULLISH | 04/28/23 | $110.00 | $40.9K | 1.0K | 495 |
DECK | CALL | TRADE | BULLISH | 06/16/23 | $480.00 | $46.2K | 19 | 427 |
IRBT | PUT | SWEEP | BEARISH | 05/19/23 | $40.00 | $31.2K | 10.0K | 421 |
KBH | PUT | TRADE | BULLISH | 10/20/23 | $37.00 | $52.3K | 1.4K | 306 |
Explanation
These bullet-by-bullet explanations have been constructed using the accompanying table.
• Regarding F F, we observe a call option sweep with bullish sentiment. It expires in 7 day(s) on May 5, 2023. Parties traded 1250 contract(s) at a $12.00 strike. This particular call needed to be split into 28 different trades to become filled. The total cost received by the writing party (or parties) was $40.1K, with a price of $32.0 per contract. There were 8144 open contracts at this strike prior to today, and today 5800 contract(s) were bought and sold.
• Regarding TSLA TSLA, we observe a put option sweep with bearish sentiment. It expires in 21 day(s) on May 19, 2023. Parties traded 45 contract(s) at a $165.00 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 $33.5K, with a price of $746.0 per contract. There were 19357 open contracts at this strike prior to today, and today 2376 contract(s) were bought and sold.
• Regarding NIO NIO, we observe a call option trade with bearish sentiment. It expires in 112 day(s) on August 18, 2023. Parties traded 500 contract(s) at a $10.00 strike. The total cost received by the writing party (or parties) was $30.0K, with a price of $60.0 per contract. There were 16135 open contracts at this strike prior to today, and today 1529 contract(s) were bought and sold.
• For MHK MHK, we notice a call option trade that happens to be neutral, expiring in 21 day(s) on May 19, 2023. This event was a transfer of 50 contract(s) at a $90.00 strike. The total cost received by the writing party (or parties) was $84.4K, with a price of $1690.0 per contract. There were 2076 open contracts at this strike prior to today, and today 1056 contract(s) were bought and sold.
• Regarding NCLH NCLH, we observe a put option sweep with neutral sentiment. It expires in 266 day(s) on January 19, 2024. Parties traded 422 contract(s) at a $11.00 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 $53.5K, with a price of $127.0 per contract. There were 10 open contracts at this strike prior to today, and today 785 contract(s) were bought and sold.
• For LI LI, we notice a put option trade that happens to be bullish, expiring in 266 day(s) on January 19, 2024. This event was a transfer of 500 contract(s) at a $20.00 strike. The total cost received by the writing party (or parties) was $134.0K, with a price of $268.0 per contract. There were 4030 open contracts at this strike prior to today, and today 500 contract(s) were bought and sold.
• For SBUX SBUX, we notice a call option trade that happens to be bullish, is expiring today. Parties traded 100 contract(s) at a $110.00 strike. The total cost received by the writing party (or parties) was $40.9K, with a price of $410.0 per contract. There were 1094 open contracts at this strike prior to today, and today 495 contract(s) were bought and sold.
• For DECK DECK, we notice a call option trade that happens to be bullish, expiring in 49 day(s) on June 16, 2023. This event was a transfer of 20 contract(s) at a $480.00 strike. The total cost received by the writing party (or parties) was $46.2K, with a price of $2310.0 per contract. There were 19 open contracts at this strike prior to today, and today 427 contract(s) were bought and sold.
• Regarding IRBT IRBT, we observe a put option sweep with bearish sentiment. It expires in 21 day(s) on May 19, 2023. Parties traded 250 contract(s) at a $40.00 strike. This particular put needed to be split into 39 different trades to become filled. The total cost received by the writing party (or parties) was $31.2K, with a price of $125.0 per contract. There were 10049 open contracts at this strike prior to today, and today 421 contract(s) were bought and sold.
• Regarding KBH KBH, we observe a put option trade with bullish sentiment. It expires in 175 day(s) on October 20, 2023. Parties traded 299 contract(s) at a $37.00 strike. The total cost received by the writing party (or parties) was $52.3K, with a price of $175.0 per contract. There were 1434 open contracts at this strike prior to today, and today 306 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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