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 | BEARISH | 08/11/23 | $245.00 | $54.3K | 5.9K | 39.0K |
HRB | PUT | SWEEP | BEARISH | 09/15/23 | $35.00 | $28.3K | 95 | 2.1K |
NIO | CALL | SWEEP | BULLISH | 10/20/23 | $13.00 | $99.5K | 2.7K | 1.7K |
LCID | CALL | SWEEP | BULLISH | 11/17/23 | $8.00 | $96.6K | 9.1K | 1.5K |
XPEV | CALL | TRADE | NEUTRAL | 10/20/23 | $16.00 | $26.2K | 2.0K | 587 |
SIX | PUT | SWEEP | BEARISH | 08/18/23 | $22.50 | $50.0K | 1.1K | 548 |
ABNB | CALL | TRADE | BEARISH | 01/17/25 | $160.00 | $708.6K | 837 | 300 |
LI | CALL | SWEEP | BEARISH | 01/17/25 | $40.00 | $251.7K | 3.4K | 251 |
W | PUT | SWEEP | BEARISH | 11/17/23 | $80.00 | $27.1K | 199 | 208 |
GGR | PUT | SWEEP | BEARISH | 10/20/23 | $5.00 | $40.0K | 459 | 200 |
Explanation
These bullet-by-bullet explanations have been constructed using the accompanying table.
• Regarding TSLA TSLA, we observe a call option sweep with bearish sentiment. It expires in 2 day(s) on August 11, 2023. Parties traded 179 contract(s) at a $245.00 strike. This particular call needed to be split into 13 different trades to become filled. The total cost received by the writing party (or parties) was $54.3K, with a price of $303.0 per contract. There were 5983 open contracts at this strike prior to today, and today 39056 contract(s) were bought and sold.
• For HRB HRB, we notice a put option sweep that happens to be bearish, expiring in 37 day(s) on September 15, 2023. This event was a transfer of 202 contract(s) at a $35.00 strike. This particular put needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $28.3K, with a price of $140.0 per contract. There were 95 open contracts at this strike prior to today, and today 2124 contract(s) were bought and sold.
• Regarding NIO NIO, we observe a call option sweep with bullish sentiment. It expires in 72 day(s) on October 20, 2023. Parties traded 500 contract(s) at a $13.00 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 $99.5K, with a price of $199.0 per contract. There were 2709 open contracts at this strike prior to today, and today 1794 contract(s) were bought and sold.
• For LCID LCID, we notice a call option sweep that happens to be bullish, expiring in 100 day(s) on November 17, 2023. This event was a transfer of 1255 contract(s) at a $8.00 strike. This particular call needed to be split into 17 different trades to become filled. The total cost received by the writing party (or parties) was $96.6K, with a price of $77.0 per contract. There were 9195 open contracts at this strike prior to today, and today 1539 contract(s) were bought and sold.
• For XPEV XPEV, we notice a call option trade that happens to be neutral, expiring in 72 day(s) on October 20, 2023. This event was a transfer of 96 contract(s) at a $16.00 strike. The total cost received by the writing party (or parties) was $26.2K, with a price of $273.0 per contract. There were 2087 open contracts at this strike prior to today, and today 587 contract(s) were bought and sold.
• Regarding SIX SIX, we observe a put option sweep with bearish sentiment. It expires in 9 day(s) on August 18, 2023. Parties traded 500 contract(s) at a $22.50 strike. This particular put needed to be split into 17 different trades to become filled. The total cost received by the writing party (or parties) was $50.0K, with a price of $100.0 per contract. There were 1166 open contracts at this strike prior to today, and today 548 contract(s) were bought and sold.
• Regarding ABNB ABNB, we observe a call option trade with bearish sentiment. It expires in 527 day(s) on January 17, 2025. Parties traded 300 contract(s) at a $160.00 strike. The total cost received by the writing party (or parties) was $708.6K, with a price of $2362.0 per contract. There were 837 open contracts at this strike prior to today, and today 300 contract(s) were bought and sold.
• Regarding LI LI, we observe a call option sweep with bearish sentiment. It expires in 527 day(s) on January 17, 2025. Parties traded 190 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 $251.7K, with a price of $1325.0 per contract. There were 3487 open contracts at this strike prior to today, and today 251 contract(s) were bought and sold.
• Regarding W W, we observe a put option sweep with bearish sentiment. It expires in 100 day(s) on November 17, 2023. Parties traded 21 contract(s) at a $80.00 strike. This particular put needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was $27.1K, with a price of $1295.0 per contract. There were 199 open contracts at this strike prior to today, and today 208 contract(s) were bought and sold.
• Regarding GGR GGR, we observe a put option sweep with bearish sentiment. It expires in 72 day(s) on October 20, 2023. Parties traded 200 contract(s) at a $5.00 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 $40.0K, with a price of $200.0 per contract. There were 459 open contracts at this strike prior to today, and today 200 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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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