10 Consumer Discretionary Stocks With Whale Alerts In Today's Session

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:

Explanation

These bullet-by-bullet explanations have been constructed using the accompanying table.

• For TSLA TSLA, we notice a call option sweep that happens to be bearish, expiring in 10 day(s) on May 19, 2023. This event was a transfer of 100 contract(s) at a $170.00 strike. This particular call needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $42.6K, with a price of $427.0 per contract. There were 13778 open contracts at this strike prior to today, and today 12246 contract(s) were bought and sold.

• For RIVN RIVN, we notice a put option sweep that happens to be bearish, expiring in 3 day(s) on May 12, 2023. This event was a transfer of 1000 contract(s) at a $13.00 strike. This particular put needed to be split into 29 different trades to become filled. The total cost received by the writing party (or parties) was $64.1K, with a price of $64.0 per contract. There were 6532 open contracts at this strike prior to today, and today 4720 contract(s) were bought and sold.

• For CAKE CAKE, we notice a put option trade that happens to be neutral, expiring in 10 day(s) on May 19, 2023. This event was a transfer of 1000 contract(s) at a $30.00 strike. The total cost received by the writing party (or parties) was $25.0K, with a price of $25.0 per contract. There were 1768 open contracts at this strike prior to today, and today 2009 contract(s) were bought and sold.

• For MLCO MLCO, we notice a call option sweep that happens to be bullish, expiring in 3 day(s) on May 12, 2023. This event was a transfer of 784 contract(s) at a $12.00 strike. This particular call needed to be split into 20 different trades to become filled. The total cost received by the writing party (or parties) was $62.7K, with a price of $80.0 per contract. There were 6 open contracts at this strike prior to today, and today 1048 contract(s) were bought and sold.

• Regarding ABNB ABNB, we observe a call option sweep with bearish sentiment. It expires in 10 day(s) on May 19, 2023. Parties traded 299 contract(s) at a $140.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $59.5K, with a price of $199.0 per contract. There were 1907 open contracts at this strike prior to today, and today 918 contract(s) were bought and sold.

• Regarding CPRI CPRI, we observe a call option trade with bullish sentiment. It expires in 101 day(s) on August 18, 2023. Parties traded 100 contract(s) at a $40.00 strike. The total cost received by the writing party (or parties) was $30.5K, with a price of $305.0 per contract. There were 477 open contracts at this strike prior to today, and today 425 contract(s) were bought and sold.

• For XPOF XPOF, we notice a call option sweep that happens to be bearish, expiring in 10 day(s) on May 19, 2023. This event was a transfer of 300 contract(s) at a $27.50 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $54.0K, with a price of $180.0 per contract. There were 1005 open contracts at this strike prior to today, and today 300 contract(s) were bought and sold.

• Regarding LCID LCID, we observe a put option sweep with bullish sentiment. It expires in 3 day(s) on May 12, 2023. Parties traded 200 contract(s) at a $9.00 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 $38.8K, with a price of $194.0 per contract. There were 686 open contracts at this strike prior to today, and today 257 contract(s) were bought and sold.

• Regarding LEN LEN, we observe a put option sweep with bullish sentiment. It expires in 101 day(s) on August 18, 2023. Parties traded 36 contract(s) at a $120.00 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 $937.0 per contract. There were 35 open contracts at this strike prior to today, and today 224 contract(s) were bought and sold.

• Regarding PZZA PZZA, we observe a put option trade with bearish sentiment. It expires in 38 day(s) on June 16, 2023. Parties traded 200 contract(s) at a $77.50 strike. The total cost received by the writing party (or parties) was $54.0K, with a price of $270.0 per contract. There were 31 open contracts at this strike prior to today, and today 201 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.