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 | PUT | SWEEP | BEARISH | 07/28/23 | $265.00 | $37.6K | 13.4K | 102.3K |
CVNA | CALL | TRADE | BEARISH | 08/04/23 | $50.00 | $30.5K | 11.6K | 20.9K |
NIO | CALL | TRADE | BULLISH | 09/15/23 | $12.00 | $78.2K | 21.7K | 6.2K |
F | PUT | SWEEP | BULLISH | 06/21/24 | $9.35 | $119.5K | 27.6K | 3.7K |
XPEV | CALL | SWEEP | BULLISH | 08/18/23 | $19.00 | $345.8K | 4.8K | 2.5K |
LI | CALL | SWEEP | BULLISH | 08/11/23 | $50.00 | $41.7K | 71 | 1.0K |
LEVI | PUT | SWEEP | BEARISH | 09/15/23 | $16.00 | $27.0K | 235 | 200 |
FTCH | PUT | TRADE | BULLISH | 01/19/24 | $6.00 | $26.0K | 3.0K | 200 |
RCL | CALL | SWEEP | BULLISH | 01/17/25 | $100.00 | $298.7K | 1.5K | 101 |
DASH | PUT | TRADE | BULLISH | 09/15/23 | $95.00 | $39.0K | 2 | 80 |
Explanation
These bullet-by-bullet explanations have been constructed using the accompanying table.
• For TSLA TSLA, we notice a put option sweep that happens to be bearish, is expiring today. Parties traded 469 contract(s) at a $265.00 strike. This particular put needed to be split into 10 different trades to become filled. The total cost received by the writing party (or parties) was $37.6K, with a price of $81.0 per contract. There were 13467 open contracts at this strike prior to today, and today 102378 contract(s) were bought and sold.
• For CVNA CVNA, we notice a call option trade that happens to be bearish, expiring in 7 day(s) on August 4, 2023. This event was a transfer of 191 contract(s) at a $50.00 strike. The total cost received by the writing party (or parties) was $30.5K, with a price of $160.0 per contract. There were 11664 open contracts at this strike prior to today, and today 20901 contract(s) were bought and sold.
• Regarding NIO NIO, we observe a call option trade with bullish sentiment. It expires in 49 day(s) on September 15, 2023. Parties traded 250 contract(s) at a $12.00 strike. The total cost received by the writing party (or parties) was $78.2K, with a price of $313.0 per contract. There were 21725 open contracts at this strike prior to today, and today 6286 contract(s) were bought and sold.
• For F F, we notice a put option sweep that happens to be bullish, expiring in 329 day(s) on June 21, 2024. This event was a transfer of 3725 contract(s) at a $9.35 strike. This particular put needed to be split into 41 different trades to become filled. The total cost received by the writing party (or parties) was $119.5K, with a price of $32.0 per contract. There were 27648 open contracts at this strike prior to today, and today 3746 contract(s) were bought and sold.
• Regarding XPEV XPEV, we observe a call option sweep with bullish sentiment. It expires in 21 day(s) on August 18, 2023. Parties traded 744 contract(s) at a $19.00 strike. This particular call needed to be split into 27 different trades to become filled. The total cost received by the writing party (or parties) was $345.8K, with a price of $465.0 per contract. There were 4849 open contracts at this strike prior to today, and today 2528 contract(s) were bought and sold.
• For LI LI, we notice a call option sweep that happens to be bullish, expiring in 14 day(s) on August 11, 2023. This event was a transfer of 708 contract(s) at a $50.00 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 $41.7K, with a price of $59.0 per contract. There were 71 open contracts at this strike prior to today, and today 1071 contract(s) were bought and sold.
• Regarding LEVI LEVI, we observe a put option sweep with bearish sentiment. It expires in 49 day(s) on September 15, 2023. Parties traded 200 contract(s) at a $16.00 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 $27.0K, with a price of $135.0 per contract. There were 235 open contracts at this strike prior to today, and today 200 contract(s) were bought and sold.
• Regarding FTCH FTCH, we observe a put option trade with bullish sentiment. It expires in 175 day(s) on January 19, 2024. Parties traded 200 contract(s) at a $6.00 strike. The total cost received by the writing party (or parties) was $26.0K, with a price of $130.0 per contract. There were 3066 open contracts at this strike prior to today, and today 200 contract(s) were bought and sold.
• Regarding RCL RCL, we observe a call option sweep with bullish sentiment. It expires in 539 day(s) on January 17, 2025. Parties traded 100 contract(s) at a $100.00 strike. This particular call needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was $298.7K, with a price of $2989.0 per contract. There were 1503 open contracts at this strike prior to today, and today 101 contract(s) were bought and sold.
• Regarding DASH DASH, we observe a put option trade with bullish sentiment. It expires in 49 day(s) on September 15, 2023. Parties traded 47 contract(s) at a $95.00 strike. The total cost received by the writing party (or parties) was $39.0K, with a price of $830.0 per contract. There were 2 open contracts at this strike prior to today, and today 80 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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