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 | 06/09/23 | $220.00 | $114.0K | 32.7K | 66.8K |
CCL | PUT | TRADE | BULLISH | 06/21/24 | $12.50 | $1.5 million | 577 | 7.0K |
VFC | CALL | SWEEP | BEARISH | 06/16/23 | $20.00 | $41.1K | 5.2K | 2.7K |
HOG | PUT | TRADE | BULLISH | 01/19/24 | $30.00 | $235.0K | 941 | 1.0K |
LULU | CALL | SWEEP | BULLISH | 06/16/23 | $365.00 | $26.1K | 403 | 384 |
WYNN | CALL | SWEEP | BULLISH | 06/16/23 | $104.00 | $51.4K | 198 | 286 |
PVH | PUT | SWEEP | BEARISH | 09/15/23 | $85.00 | $89.0K | 605 | 92 |
PHM | CALL | TRADE | BULLISH | 07/21/23 | $60.00 | $36.6K | 5.6K | 34 |
GM | CALL | SWEEP | BULLISH | 06/21/24 | $35.00 | $28.7K | 1.1K | 13 |
CMG | PUT | TRADE | BULLISH | 07/21/23 | $2105.00 | $29.8K | 23 | 5 |
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 3 day(s) on June 9, 2023. Parties traded 250 contract(s) at a $220.00 strike. The total cost received by the writing party (or parties) was $114.0K, with a price of $456.0 per contract. There were 32770 open contracts at this strike prior to today, and today 66853 contract(s) were bought and sold.
• Regarding CCL CCL, we observe a put option trade with bullish sentiment. It expires in 381 day(s) on June 21, 2024. Parties traded 7000 contract(s) at a $12.50 strike. The total cost received by the writing party (or parties) was $1.5 million, with a price of $226.0 per contract. There were 577 open contracts at this strike prior to today, and today 7016 contract(s) were bought and sold.
• For VFC VFC, we notice a call option sweep that happens to be bearish, expiring in 10 day(s) on June 16, 2023. This event was a transfer of 1641 contract(s) at a $20.00 strike. This particular call needed to be split into 42 different trades to become filled. The total cost received by the writing party (or parties) was $41.1K, with a price of $25.0 per contract. There were 5255 open contracts at this strike prior to today, and today 2732 contract(s) were bought and sold.
• Regarding HOG HOG, we observe a put option trade with bullish sentiment. It expires in 227 day(s) on January 19, 2024. Parties traded 1000 contract(s) at a $30.00 strike. The total cost received by the writing party (or parties) was $235.0K, with a price of $235.0 per contract. There were 941 open contracts at this strike prior to today, and today 1000 contract(s) were bought and sold.
• For LULU LULU, we notice a call option sweep that happens to be bullish, expiring in 10 day(s) on June 16, 2023. This event was a transfer of 90 contract(s) at a $365.00 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 $26.1K, with a price of $290.0 per contract. There were 403 open contracts at this strike prior to today, and today 384 contract(s) were bought and sold.
• Regarding WYNN WYNN, we observe a call option sweep with bullish sentiment. It expires in 10 day(s) on June 16, 2023. Parties traded 198 contract(s) at a $104.00 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 $51.4K, with a price of $258.0 per contract. There were 198 open contracts at this strike prior to today, and today 286 contract(s) were bought and sold.
• Regarding PVH PVH, we observe a put option sweep with bearish sentiment. It expires in 101 day(s) on September 15, 2023. Parties traded 106 contract(s) at a $85.00 strike. This particular put needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $89.0K, with a price of $840.0 per contract. There were 605 open contracts at this strike prior to today, and today 92 contract(s) were bought and sold.
• Regarding PHM PHM, we observe a call option trade with bullish sentiment. It expires in 45 day(s) on July 21, 2023. Parties traded 30 contract(s) at a $60.00 strike. The total cost received by the writing party (or parties) was $36.6K, with a price of $1220.0 per contract. There were 5634 open contracts at this strike prior to today, and today 34 contract(s) were bought and sold.
• Regarding GM GM, we observe a call option sweep with bullish sentiment. It expires in 381 day(s) on June 21, 2024. Parties traded 50 contract(s) at a $35.00 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 $28.7K, with a price of $575.0 per contract. There were 1131 open contracts at this strike prior to today, and today 13 contract(s) were bought and sold.
• For CMG CMG, we notice a put option trade that happens to be bullish, expiring in 45 day(s) on July 21, 2023. This event was a transfer of 4 contract(s) at a $2105.00 strike. The total cost received by the writing party (or parties) was $29.8K, with a price of $7450.0 per contract. There were 23 open contracts at this strike prior to today, and today 5 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 about unusual options activity.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
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