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 |
---|---|---|---|---|---|---|---|---|
TSLA | PUT | SWEEP | BULLISH | 09/15/23 | $270.00 | $47.0K | 24.5K | 89.4K |
F | CALL | SWEEP | BULLISH | 09/15/23 | $12.00 | $78.3K | 25.1K | 11.7K |
XPEV | CALL | SWEEP | BULLISH | 09/15/23 | $18.00 | $37.9K | 2.7K | 1.6K |
ANF | CALL | TRADE | NEUTRAL | 01/19/24 | $50.00 | $770.0K | 392 | 1.0K |
GME | PUT | SWEEP | BULLISH | 10/20/23 | $17.00 | $36.4K | 1.1K | 987 |
ABNB | CALL | SWEEP | NEUTRAL | 09/29/23 | $155.00 | $54.2K | 672 | 403 |
VFC | PUT | SWEEP | BEARISH | 01/19/24 | $20.00 | $42.9K | 5.4K | 144 |
LI | CALL | TRADE | BULLISH | 12/15/23 | $41.00 | $44.1K | 283 | 129 |
HOG | CALL | TRADE | NEUTRAL | 01/19/24 | $34.00 | $54.0K | 139 | 20 |
RIVN | PUT | TRADE | NEUTRAL | 01/17/25 | $50.00 | $26.7K | 15 | 12 |
Explanation
These bullet-by-bullet explanations have been constructed using the accompanying table.
• Regarding TSLA TSLA, we observe a put option sweep with bullish sentiment. It expires in 3 day(s) on September 15, 2023. Parties traded 100 contract(s) at a $270.00 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 $47.0K, with a price of $474.0 per contract. There were 24582 open contracts at this strike prior to today, and today 89423 contract(s) were bought and sold.
• For F F, we notice a call option sweep that happens to be bullish, expiring in 3 day(s) on September 15, 2023. This event was a transfer of 1817 contract(s) at a $12.00 strike. This particular call needed to be split into 10 different trades to become filled. The total cost received by the writing party (or parties) was $78.3K, with a price of $43.0 per contract. There were 25151 open contracts at this strike prior to today, and today 11718 contract(s) were bought and sold.
• Regarding XPEV XPEV, we observe a call option sweep with bullish sentiment. It expires in 3 day(s) on September 15, 2023. Parties traded 375 contract(s) at a $18.00 strike. This particular call needed to be split into 22 different trades to become filled. The total cost received by the writing party (or parties) was $37.9K, with a price of $101.0 per contract. There were 2704 open contracts at this strike prior to today, and today 1690 contract(s) were bought and sold.
• Regarding ANF ANF, we observe a call option trade with neutral sentiment. It expires in 129 day(s) on January 19, 2024. Parties traded 1000 contract(s) at a $50.00 strike. The total cost received by the writing party (or parties) was $770.0K, with a price of $770.0 per contract. There were 392 open contracts at this strike prior to today, and today 1000 contract(s) were bought and sold.
• Regarding GME GME, we observe a put option sweep with bullish sentiment. It expires in 38 day(s) on October 20, 2023. Parties traded 317 contract(s) at a $17.00 strike. This particular put needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $36.4K, with a price of $115.0 per contract. There were 1177 open contracts at this strike prior to today, and today 987 contract(s) were bought and sold.
• For ABNB ABNB, we notice a call option sweep that happens to be neutral, expiring in 17 day(s) on September 29, 2023. This event was a transfer of 200 contract(s) at a $155.00 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 $54.2K, with a price of $271.0 per contract. There were 672 open contracts at this strike prior to today, and today 403 contract(s) were bought and sold.
• For VFC VFC, we notice a put option sweep that happens to be bearish, expiring in 129 day(s) on January 19, 2024. This event was a transfer of 143 contract(s) at a $20.00 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 $42.9K, with a price of $300.0 per contract. There were 5458 open contracts at this strike prior to today, and today 144 contract(s) were bought and sold.
• Regarding LI LI, we observe a call option trade with bullish sentiment. It expires in 94 day(s) on December 15, 2023. Parties traded 92 contract(s) at a $41.00 strike. The total cost received by the writing party (or parties) was $44.1K, with a price of $480.0 per contract. There were 283 open contracts at this strike prior to today, and today 129 contract(s) were bought and sold.
• For HOG HOG, we notice a call option trade that happens to be neutral, expiring in 129 day(s) on January 19, 2024. This event was a transfer of 200 contract(s) at a $34.00 strike. The total cost received by the writing party (or parties) was $54.0K, with a price of $270.0 per contract. There were 139 open contracts at this strike prior to today, and today 20 contract(s) were bought and sold.
• For RIVN RIVN, we notice a put option trade that happens to be neutral, expiring in 493 day(s) on January 17, 2025. This event was a transfer of 10 contract(s) at a $50.00 strike. The total cost received by the writing party (or parties) was $26.7K, with a price of $2670.0 per contract. There were 15 open contracts at this strike prior to today, and today 12 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.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.