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 neutral, expiring in 3 day(s) on July 28, 2023. This event was a transfer of 56 contract(s) at a $270.00 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 $27.7K, with a price of $495.0 per contract. There were 24505 open contracts at this strike prior to today, and today 86221 contract(s) were bought and sold.

• Regarding RIVN RIVN, we observe a call option sweep with bearish sentiment. It expires in 3 day(s) on July 28, 2023. Parties traded 878 contract(s) at a $24.00 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 $193.1K, with a price of $220.0 per contract. There were 5215 open contracts at this strike prior to today, and today 3781 contract(s) were bought and sold.

• For PTON PTON, we notice a put option trade that happens to be bullish, expiring in 143 day(s) on December 15, 2023. This event was a transfer of 1121 contract(s) at a $6.00 strike. The total cost received by the writing party (or parties) was $58.2K, with a price of $52.0 per contract. There were 2806 open contracts at this strike prior to today, and today 1121 contract(s) were bought and sold.

• For CVNA CVNA, we notice a put option sweep that happens to be bearish, expiring in 17 day(s) on August 11, 2023. This event was a transfer of 1000 contract(s) at a $45.00 strike. This particular put needed to be split into 31 different trades to become filled. The total cost received by the writing party (or parties) was $444.9K, with a price of $445.0 per contract. There were 2144 open contracts at this strike prior to today, and today 1037 contract(s) were bought and sold.

• For LOW LOW, we notice a call option trade that happens to be bearish, expiring in 178 day(s) on January 19, 2024. This event was a transfer of 788 contract(s) at a $230.00 strike. The total cost received by the writing party (or parties) was $1.5 million, with a price of $1983.0 per contract. There were 2753 open contracts at this strike prior to today, and today 788 contract(s) were bought and sold.

• Regarding PHM PHM, we observe a call option trade with bearish sentiment. It expires in 10 day(s) on August 4, 2023. Parties traded 200 contract(s) at a $84.00 strike. The total cost received by the writing party (or parties) was $27.0K, with a price of $135.0 per contract. There were 3 open contracts at this strike prior to today, and today 454 contract(s) were bought and sold.

• Regarding LCID LCID, we observe a call option sweep with bullish sentiment. It expires in 542 day(s) on January 17, 2025. Parties traded 164 contract(s) at a $5.00 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 $59.8K, with a price of $365.0 per contract. There were 8753 open contracts at this strike prior to today, and today 419 contract(s) were bought and sold.

• For CWH CWH, we notice a put option sweep that happens to be bullish, expiring in 178 day(s) on January 19, 2024. This event was a transfer of 219 contract(s) at a $28.00 strike. This particular put needed to be split into 15 different trades to become filled. The total cost received by the writing party (or parties) was $46.0K, with a price of $210.0 per contract. There were 1004 open contracts at this strike prior to today, and today 222 contract(s) were bought and sold.

• For GM GM, we notice a put option sweep that happens to be bearish, expiring in 178 day(s) on January 19, 2024. This event was a transfer of 100 contract(s) at a $45.00 strike. This particular put needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $75.0K, with a price of $750.0 per contract. There were 19923 open contracts at this strike prior to today, and today 221 contract(s) were bought and sold.

• For CZR CZR, we notice a put option sweep that happens to be neutral, expiring in 143 day(s) on December 15, 2023. This event was a transfer of 160 contract(s) at a $50.00 strike. This particular put needed to be split into 24 different trades to become filled. The total cost received by the writing party (or parties) was $43.5K, with a price of $272.0 per contract. There were 2739 open contracts at this strike prior to today, and today 160 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.