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 | CALL | SWEEP | BULLISH | 08/11/23 | $250.00 | $35.3K | 13.3K | 71.2K |
GT | PUT | TRADE | BEARISH | 08/18/23 | $12.00 | $112.7K | 34.5K | 15.3K |
WW | CALL | SWEEP | BEARISH | 08/11/23 | $9.00 | $40.5K | 10.7K | 8.5K |
F | PUT | TRADE | BEARISH | 11/17/23 | $12.00 | $345.0K | 8.1K | 8.1K |
TH | PUT | SWEEP | BULLISH | 01/19/24 | $12.50 | $68.0K | 4.9K | 2.9K |
NIO | CALL | SWEEP | BEARISH | 01/17/25 | $15.00 | $60.4K | 14.1K | 1.3K |
BROS | PUT | SWEEP | BEARISH | 09/15/23 | $25.00 | $77.0K | 77 | 712 |
CHWY | CALL | SWEEP | BEARISH | 10/20/23 | $40.00 | $28.8K | 3.3K | 480 |
HD | CALL | TRADE | BEARISH | 11/17/23 | $310.00 | $1.1 million | 513 | 413 |
RIVN | CALL | SWEEP | BULLISH | 01/19/24 | $20.00 | $86.2K | 16.7K | 266 |
Explanation
These bullet-by-bullet explanations have been constructed using the accompanying table.
• Regarding TSLA TSLA, we observe a call option sweep with bullish sentiment. It expires in 3 day(s) on August 11, 2023. Parties traded 85 contract(s) at a $250.00 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 $35.3K, with a price of $417.0 per contract. There were 13342 open contracts at this strike prior to today, and today 71288 contract(s) were bought and sold.
• Regarding GT GT, we observe a put option trade with bearish sentiment. It expires in 10 day(s) on August 18, 2023. Parties traded 7515 contract(s) at a $12.00 strike. The total cost received by the writing party (or parties) was $112.7K, with a price of $15.0 per contract. There were 34557 open contracts at this strike prior to today, and today 15339 contract(s) were bought and sold.
• For WW WW, we notice a call option sweep that happens to be bearish, expiring in 3 day(s) on August 11, 2023. This event was a transfer of 900 contract(s) at a $9.00 strike. This particular call needed to be split into 44 different trades to become filled. The total cost received by the writing party (or parties) was $40.5K, with a price of $45.0 per contract. There were 10767 open contracts at this strike prior to today, and today 8595 contract(s) were bought and sold.
• For F F, we notice a put option trade that happens to be bearish, expiring in 101 day(s) on November 17, 2023. This event was a transfer of 6900 contract(s) at a $12.00 strike. The total cost received by the writing party (or parties) was $345.0K, with a price of $50.0 per contract. There were 8147 open contracts at this strike prior to today, and today 8148 contract(s) were bought and sold.
• Regarding TH TH, we observe a put option sweep with bullish sentiment. It expires in 164 day(s) on January 19, 2024. Parties traded 400 contract(s) at a $12.50 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 $68.0K, with a price of $170.0 per contract. There were 4952 open contracts at this strike prior to today, and today 2946 contract(s) were bought and sold.
• Regarding NIO NIO, we observe a call option sweep with bearish sentiment. It expires in 528 day(s) on January 17, 2025. Parties traded 126 contract(s) at a $15.00 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 $60.4K, with a price of $480.0 per contract. There were 14118 open contracts at this strike prior to today, and today 1376 contract(s) were bought and sold.
• For BROS BROS, we notice a put option sweep that happens to be bearish, expiring in 38 day(s) on September 15, 2023. This event was a transfer of 701 contract(s) at a $25.00 strike. This particular put needed to be split into 58 different trades to become filled. The total cost received by the writing party (or parties) was $77.0K, with a price of $109.0 per contract. There were 77 open contracts at this strike prior to today, and today 712 contract(s) were bought and sold.
• For CHWY CHWY, we notice a call option sweep that happens to be bearish, expiring in 73 day(s) on October 20, 2023. This event was a transfer of 406 contract(s) at a $40.00 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 $28.8K, with a price of $71.0 per contract. There were 3393 open contracts at this strike prior to today, and today 480 contract(s) were bought and sold.
• For HD HD, we notice a call option trade that happens to be bearish, expiring in 101 day(s) on November 17, 2023. This event was a transfer of 400 contract(s) at a $310.00 strike. The total cost received by the writing party (or parties) was $1.1 million, with a price of $2885.0 per contract. There were 513 open contracts at this strike prior to today, and today 413 contract(s) were bought and sold.
• For RIVN RIVN, we notice a call option sweep that happens to be bullish, expiring in 164 day(s) on January 19, 2024. This event was a transfer of 112 contract(s) at a $20.00 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 $86.2K, with a price of $770.0 per contract. There were 16763 open contracts at this strike prior to today, and today 266 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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