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 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 itemized elaborations have been created using the accompanying table.

• Regarding TSLA TSLA, we observe a call option sweep with neutral sentiment. It expires in 2 day(s) on July 14, 2023. Parties traded 267 contract(s) at a $275.00 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 $81.6K, with a price of $305.0 per contract. There were 21043 open contracts at this strike prior to today, and today 100649 contract(s) were bought and sold.

• For CVNA CVNA, we notice a call option sweep that happens to be bearish, expiring in 2 day(s) on July 14, 2023. This event was a transfer of 80 contract(s) at a $40.00 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 $30.0K, with a price of $376.0 per contract. There were 6444 open contracts at this strike prior to today, and today 28434 contract(s) were bought and sold.

• For MLCO MLCO, we notice a call option sweep that happens to be bearish, expiring in 37 day(s) on August 18, 2023. This event was a transfer of 1080 contract(s) at a $14.00 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 $72.0K, with a price of $66.0 per contract. There were 6544 open contracts at this strike prior to today, and today 3024 contract(s) were bought and sold.

• Regarding MAR MAR, we observe a put option trade with bearish sentiment. It expires in 100 day(s) on October 20, 2023. Parties traded 500 contract(s) at a $165.00 strike. The total cost received by the writing party (or parties) was $112.5K, with a price of $225.0 per contract. There were 5563 open contracts at this strike prior to today, and today 1500 contract(s) were bought and sold.

• For XPOF XPOF, we notice a call option sweep that happens to be bullish, expiring in 37 day(s) on August 18, 2023. This event was a transfer of 700 contract(s) at a $25.00 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 $27.3K, with a price of $39.0 per contract. There were 114 open contracts at this strike prior to today, and today 701 contract(s) were bought and sold.

• Regarding NKE NKE, we observe a call option sweep with bullish sentiment. It expires in 100 day(s) on October 20, 2023. Parties traded 37 contract(s) at a $97.50 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 $50.6K, with a price of $1370.0 per contract. There were 13 open contracts at this strike prior to today, and today 269 contract(s) were bought and sold.

• For AXL AXL, we notice a call option sweep that happens to be bearish, expiring in 37 day(s) on August 18, 2023. This event was a transfer of 178 contract(s) at a $7.00 strike. This particular call needed to be split into 15 different trades to become filled. The total cost received by the writing party (or parties) was $35.6K, with a price of $200.0 per contract. There were 531 open contracts at this strike prior to today, and today 178 contract(s) were bought and sold.

• Regarding MGM MGM, we observe a call option trade with bearish sentiment. It expires in 65 day(s) on September 15, 2023. Parties traded 57 contract(s) at a $36.00 strike. The total cost received by the writing party (or parties) was $66.2K, with a price of $1162.0 per contract. There were 52 open contracts at this strike prior to today, and today 57 contract(s) were bought and sold.

• Regarding DUOL DUOL, we observe a call option trade with bullish sentiment. It expires in 37 day(s) on August 18, 2023. Parties traded 25 contract(s) at a $155.00 strike. The total cost received by the writing party (or parties) was $33.5K, with a price of $1340.0 per contract. There were 446 open contracts at this strike prior to today, and today 43 contract(s) were bought and sold.

• Regarding LEN LEN, we observe a call option trade with bearish sentiment. It expires in 891 day(s) on December 19, 2025. Parties traded 14 contract(s) at a $115.00 strike. The total cost received by the writing party (or parties) was $51.5K, with a price of $3680.0 per contract. There were 23 open contracts at this strike prior to today, and today 28 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.