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 will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated 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 | SWEEP | BULLISH | 05/26/23 | $195.00 | $45.4K | 28.9K | 146.8K |
RIVN | CALL | TRADE | BEARISH | 07/21/23 | $17.50 | $735.6K | 2.9K | 13.1K |
CCL | CALL | SWEEP | BEARISH | 07/21/23 | $12.00 | $34.2K | 42.7K | 10.1K |
F | PUT | SWEEP | BULLISH | 06/09/23 | $11.00 | $26.9K | 8.8K | 8.1K |
POOL | PUT | SWEEP | BEARISH | 07/21/23 | $300.00 | $42.6K | 342 | 5.0K |
DASH | CALL | SWEEP | BULLISH | 06/16/23 | $70.00 | $45.1K | 9.1K | 514 |
DBI | CALL | TRADE | BULLISH | 01/19/24 | $7.00 | $62.5K | 0 | 500 |
NKE | PUT | TRADE | BULLISH | 01/17/25 | $90.00 | $319.2K | 3.6K | 400 |
LULU | CALL | SWEEP | BULLISH | 06/16/23 | $360.00 | $58.7K | 857 | 107 |
ABNB | CALL | SWEEP | NEUTRAL | 01/19/24 | $110.00 | $42.1K | 1.2K | 78 |
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 bullish, is expiring today. Parties traded 218 contract(s) at a $195.00 strike. This particular call needed to be split into 22 different trades to become filled. The total cost received by the writing party (or parties) was $45.4K, with a price of $210.0 per contract. There were 28902 open contracts at this strike prior to today, and today 146892 contract(s) were bought and sold.
• For RIVN RIVN, we notice a call option trade that happens to be bearish, expiring in 56 day(s) on July 21, 2023. This event was a transfer of 7744 contract(s) at a $17.50 strike. The total cost received by the writing party (or parties) was $735.6K, with a price of $95.0 per contract. There were 2971 open contracts at this strike prior to today, and today 13146 contract(s) were bought and sold.
• For CCL CCL, we notice a call option sweep that happens to be bearish, expiring in 56 day(s) on July 21, 2023. This event was a transfer of 469 contract(s) at a $12.00 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 $34.2K, with a price of $73.0 per contract. There were 42786 open contracts at this strike prior to today, and today 10188 contract(s) were bought and sold.
• Regarding F F, we observe a put option sweep with bullish sentiment. It expires in 14 day(s) on June 9, 2023. Parties traded 7275 contract(s) at a $11.00 strike. This particular put needed to be split into 44 different trades to become filled. The total cost received by the writing party (or parties) was $26.9K, with a price of $3.0 per contract. There were 8807 open contracts at this strike prior to today, and today 8148 contract(s) were bought and sold.
• Regarding POOL POOL, we observe a put option sweep with bearish sentiment. It expires in 56 day(s) on July 21, 2023. Parties traded 54 contract(s) at a $300.00 strike. This particular put needed to be split into 23 different trades to become filled. The total cost received by the writing party (or parties) was $42.6K, with a price of $790.0 per contract. There were 342 open contracts at this strike prior to today, and today 5061 contract(s) were bought and sold.
• Regarding DASH DASH, we observe a call option sweep with bullish sentiment. It expires in 21 day(s) on June 16, 2023. Parties traded 200 contract(s) at a $70.00 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 $45.1K, with a price of $226.0 per contract. There were 9158 open contracts at this strike prior to today, and today 514 contract(s) were bought and sold.
• For DBI DBI, we notice a call option trade that happens to be bullish, expiring in 238 day(s) on January 19, 2024. This event was a transfer of 500 contract(s) at a $7.00 strike. The total cost received by the writing party (or parties) was $62.5K, with a price of $125.0 per contract. There were 0 open contracts at this strike prior to today, and today 500 contract(s) were bought and sold.
• Regarding NKE NKE, we observe a put option trade with bullish sentiment. It expires in 602 day(s) on January 17, 2025. Parties traded 400 contract(s) at a $90.00 strike. The total cost received by the writing party (or parties) was $319.2K, with a price of $798.0 per contract. There were 3617 open contracts at this strike prior to today, and today 400 contract(s) were bought and sold.
• For LULU LULU, we notice a call option sweep that happens to be bullish, expiring in 21 day(s) on June 16, 2023. This event was a transfer of 66 contract(s) at a $360.00 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 $58.7K, with a price of $890.0 per contract. There were 857 open contracts at this strike prior to today, and today 107 contract(s) were bought and sold.
• Regarding ABNB ABNB, we observe a call option sweep with neutral sentiment. It expires in 238 day(s) on January 19, 2024. Parties traded 27 contract(s) at a $110.00 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 $42.1K, with a price of $1560.0 per contract. There were 1203 open contracts at this strike prior to today, and today 78 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.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.