10 Consumer Discretionary Stocks Whale Activity 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 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:

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 4 day(s) on June 30, 2023. This event was a transfer of 50 contract(s) at a $250.00 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 $25.0K, with a price of $501.0 per contract. There were 8105 open contracts at this strike prior to today, and today 55663 contract(s) were bought and sold.

• For F F, we notice a call option trade that happens to be bullish, expiring in 4 day(s) on June 30, 2023. This event was a transfer of 500 contract(s) at a $13.00 strike. The total cost received by the writing party (or parties) was $56.5K, with a price of $113.0 per contract. There were 3472 open contracts at this strike prior to today, and today 1185 contract(s) were bought and sold.

• For GME GME, we notice a call option trade that happens to be bearish, expiring in 53 day(s) on August 18, 2023. This event was a transfer of 299 contract(s) at a $22.50 strike. The total cost received by the writing party (or parties) was $64.2K, with a price of $215.0 per contract. There were 1429 open contracts at this strike prior to today, and today 344 contract(s) were bought and sold.

• For ABNB ABNB, we notice a put option sweep that happens to be bearish, expiring in 53 day(s) on August 18, 2023. This event was a transfer of 250 contract(s) at a $110.00 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 $69.2K, with a price of $277.0 per contract. There were 2560 open contracts at this strike prior to today, and today 294 contract(s) were bought and sold.

• For LVS LVS, we notice a call option sweep that happens to be bearish, expiring in 25 day(s) on July 21, 2023. This event was a transfer of 200 contract(s) at a $57.50 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 $52.4K, with a price of $262.0 per contract. There were 1178 open contracts at this strike prior to today, and today 257 contract(s) were bought and sold.

• For CPRI CPRI, we notice a put option trade that happens to be bearish, expiring in 207 day(s) on January 19, 2024. This event was a transfer of 22 contract(s) at a $47.50 strike. The total cost received by the writing party (or parties) was $26.4K, with a price of $1200.0 per contract. There were 1773 open contracts at this strike prior to today, and today 238 contract(s) were bought and sold.

• For LOW LOW, we notice a put option trade that happens to be bearish, expiring in 361 day(s) on June 21, 2024. This event was a transfer of 10 contract(s) at a $260.00 strike. The total cost received by the writing party (or parties) was $44.6K, with a price of $4467.0 per contract. There were 18 open contracts at this strike prior to today, and today 182 contract(s) were bought and sold.

• Regarding LULU LULU, we observe a put option trade with bullish sentiment. It expires in 571 day(s) on January 17, 2025. Parties traded 11 contract(s) at a $300.00 strike. The total cost received by the writing party (or parties) was $25.7K, with a price of $2345.0 per contract. There were 58 open contracts at this strike prior to today, and today 131 contract(s) were bought and sold.

• Regarding CMG CMG, we observe a call option trade with neutral sentiment. It expires in 81 day(s) on September 15, 2023. Parties traded 16 contract(s) at a $2100.00 strike. The total cost received by the writing party (or parties) was $117.9K, with a price of $7370.0 per contract. There were 327 open contracts at this strike prior to today, and today 84 contract(s) were bought and sold.

• For RIDE RIDE, we notice a put option trade that happens to be bearish, expiring in 25 day(s) on July 21, 2023. This event was a transfer of 55 contract(s) at a $7.50 strike. The total cost received by the writing party (or parties) was $25.8K, with a price of $470.0 per contract. There were 186 open contracts at this strike prior to today, and today 55 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.