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:
Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
---|---|---|---|---|---|---|---|---|
RIVN | CALL | TRADE | BULLISH | 01/19/24 | $20.00 | $277.5K | 18.5K | 1.7K |
NIO | CALL | TRADE | BEARISH | 01/19/24 | $15.00 | $29.7K | 64.4K | 1.5K |
WW | CALL | SWEEP | BEARISH | 08/18/23 | $7.50 | $30.7K | 5.6K | 1.2K |
TSLA | PUT | SWEEP | BULLISH | 08/25/23 | $260.00 | $48.2K | 1.1K | 1.0K |
TCOM | CALL | TRADE | BEARISH | 01/19/24 | $42.00 | $320.0K | 651 | 800 |
HD | CALL | SWEEP | BEARISH | 09/15/23 | $350.00 | $156.5K | 1.0K | 667 |
WYNN | PUT | SWEEP | BEARISH | 03/15/24 | $90.00 | $25.8K | 1 | 244 |
BOOT | CALL | SWEEP | BULLISH | 08/18/23 | $95.00 | $67.2K | 357 | 234 |
HAS | CALL | SWEEP | NEUTRAL | 08/18/23 | $62.50 | $70.7K | 2.5K | 222 |
ABNB | CALL | SWEEP | BEARISH | 08/04/23 | $149.00 | $31.2K | 2.1K | 196 |
Explanation
These itemized elaborations have been created using the accompanying table.
• For RIVN RIVN, we notice a call option trade that happens to be bullish, expiring in 171 day(s) on January 19, 2024. This event was a transfer of 300 contract(s) at a $20.00 strike. The total cost received by the writing party (or parties) was $277.5K, with a price of $925.0 per contract. There were 18575 open contracts at this strike prior to today, and today 1790 contract(s) were bought and sold.
• For NIO NIO, we notice a call option trade that happens to be bearish, expiring in 171 day(s) on January 19, 2024. This event was a transfer of 101 contract(s) at a $15.00 strike. The total cost received by the writing party (or parties) was $29.7K, with a price of $295.0 per contract. There were 64476 open contracts at this strike prior to today, and today 1504 contract(s) were bought and sold.
• For WW WW, we notice a call option sweep that happens to be bearish, expiring in 17 day(s) on August 18, 2023. This event was a transfer of 79 contract(s) at a $7.50 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 $30.7K, with a price of $390.0 per contract. There were 5697 open contracts at this strike prior to today, and today 1263 contract(s) were bought and sold.
• For TSLA TSLA, we notice a put option sweep that happens to be bullish, expiring in 24 day(s) on August 25, 2023. This event was a transfer of 45 contract(s) at a $260.00 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 $48.2K, with a price of $1072.0 per contract. There were 1165 open contracts at this strike prior to today, and today 1085 contract(s) were bought and sold.
• For TCOM TCOM, we notice a call option trade that happens to be bearish, expiring in 171 day(s) on January 19, 2024. This event was a transfer of 800 contract(s) at a $42.00 strike. The total cost received by the writing party (or parties) was $320.0K, with a price of $400.0 per contract. There were 651 open contracts at this strike prior to today, and today 800 contract(s) were bought and sold.
• Regarding HD HD, we observe a call option sweep with bearish sentiment. It expires in 45 day(s) on September 15, 2023. Parties traded 505 contract(s) at a $350.00 strike. This particular call needed to be split into 24 different trades to become filled. The total cost received by the writing party (or parties) was $156.5K, with a price of $310.0 per contract. There were 1064 open contracts at this strike prior to today, and today 667 contract(s) were bought and sold.
• Regarding WYNN WYNN, we observe a put option sweep with bearish sentiment. It expires in 227 day(s) on March 15, 2024. Parties traded 60 contract(s) at a $90.00 strike. This particular put needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $25.8K, with a price of $430.0 per contract. There were 1 open contracts at this strike prior to today, and today 244 contract(s) were bought and sold.
• Regarding BOOT BOOT, we observe a call option sweep with bullish sentiment. It expires in 17 day(s) on August 18, 2023. Parties traded 224 contract(s) at a $95.00 strike. This particular call needed to be split into 23 different trades to become filled. The total cost received by the writing party (or parties) was $67.2K, with a price of $300.0 per contract. There were 357 open contracts at this strike prior to today, and today 234 contract(s) were bought and sold.
• For HAS HAS, we notice a call option sweep that happens to be neutral, expiring in 17 day(s) on August 18, 2023. This event was a transfer of 202 contract(s) at a $62.50 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 $70.7K, with a price of $350.0 per contract. There were 2581 open contracts at this strike prior to today, and today 222 contract(s) were bought and sold.
• For ABNB ABNB, we notice a call option sweep that happens to be bearish, expiring in 3 day(s) on August 4, 2023. This event was a transfer of 52 contract(s) at a $149.00 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 $31.2K, with a price of $600.0 per contract. There were 2101 open contracts at this strike prior to today, and today 196 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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