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 | SWEEP | BEARISH | 06/16/23 | $260.00 | $40.5K | 34.5K | 233.7K |
RIVN | CALL | SWEEP | BULLISH | 07/21/23 | $17.50 | $41.0K | 42.6K | 57.9K |
CCL | CALL | SWEEP | BEARISH | 08/18/23 | $13.00 | $153.3K | 14.5K | 3.7K |
EXPE | CALL | SWEEP | BEARISH | 06/23/23 | $108.00 | $81.7K | 44 | 691 |
NKE | CALL | SWEEP | BULLISH | 07/21/23 | $110.00 | $97.8K | 4.5K | 430 |
HD | CALL | TRADE | BEARISH | 06/30/23 | $305.00 | $45.5K | 341 | 428 |
XPEV | CALL | SWEEP | BULLISH | 07/14/23 | $9.00 | $38.7K | 9 | 402 |
SBUX | CALL | SWEEP | BEARISH | 09/15/23 | $110.00 | $34.2K | 5.2K | 296 |
VAC | CALL | SWEEP | BULLISH | 07/21/23 | $130.00 | $32.4K | 146 | 126 |
SKX | CALL | SWEEP | BEARISH | 10/20/23 | $55.00 | $43.4K | 1.7K | 103 |
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, is expiring today. Parties traded 203 contract(s) at a $260.00 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 $40.5K, with a price of $198.0 per contract. There were 34572 open contracts at this strike prior to today, and today 233709 contract(s) were bought and sold.
• For RIVN RIVN, we notice a call option sweep that happens to be bullish, expiring in 35 day(s) on July 21, 2023. This event was a transfer of 500 contract(s) at a $17.50 strike. This particular call needed to be split into 21 different trades to become filled. The total cost received by the writing party (or parties) was $41.0K, with a price of $82.0 per contract. There were 42621 open contracts at this strike prior to today, and today 57960 contract(s) were bought and sold.
• Regarding CCL CCL, we observe a call option sweep with bearish sentiment. It expires in 63 day(s) on August 18, 2023. Parties traded 450 contract(s) at a $13.00 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 $153.3K, with a price of $342.0 per contract. There were 14501 open contracts at this strike prior to today, and today 3779 contract(s) were bought and sold.
• Regarding EXPE EXPE, we observe a call option sweep with bearish sentiment. It expires in 7 day(s) on June 23, 2023. Parties traded 628 contract(s) at a $108.00 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 $81.7K, with a price of $131.0 per contract. There were 44 open contracts at this strike prior to today, and today 691 contract(s) were bought and sold.
• Regarding NKE NKE, we observe a call option sweep with bullish sentiment. It expires in 35 day(s) on July 21, 2023. Parties traded 120 contract(s) at a $110.00 strike. This particular call needed to be split into 14 different trades to become filled. The total cost received by the writing party (or parties) was $97.8K, with a price of $815.0 per contract. There were 4558 open contracts at this strike prior to today, and today 430 contract(s) were bought and sold.
• For HD HD, we notice a call option trade that happens to be bearish, expiring in 14 day(s) on June 30, 2023. This event was a transfer of 100 contract(s) at a $305.00 strike. The total cost received by the writing party (or parties) was $45.5K, with a price of $455.0 per contract. There were 341 open contracts at this strike prior to today, and today 428 contract(s) were bought and sold.
• For XPEV XPEV, we notice a call option sweep that happens to be bullish, expiring in 28 day(s) on July 14, 2023. This event was a transfer of 150 contract(s) at a $9.00 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 $38.7K, with a price of $258.0 per contract. There were 9 open contracts at this strike prior to today, and today 402 contract(s) were bought and sold.
• Regarding SBUX SBUX, we observe a call option sweep with bearish sentiment. It expires in 91 day(s) on September 15, 2023. Parties traded 200 contract(s) at a $110.00 strike. This particular call needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $34.2K, with a price of $171.0 per contract. There were 5264 open contracts at this strike prior to today, and today 296 contract(s) were bought and sold.
• For VAC VAC, we notice a call option sweep that happens to be bullish, expiring in 35 day(s) on July 21, 2023. This event was a transfer of 108 contract(s) at a $130.00 strike. This particular call needed to be split into 13 different trades to become filled. The total cost received by the writing party (or parties) was $32.4K, with a price of $300.0 per contract. There were 146 open contracts at this strike prior to today, and today 126 contract(s) were bought and sold.
• For SKX SKX, we notice a call option sweep that happens to be bearish, expiring in 126 day(s) on October 20, 2023. This event was a transfer of 140 contract(s) at a $55.00 strike. This particular call needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $43.4K, with a price of $310.0 per contract. There were 1725 open contracts at this strike prior to today, and today 103 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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