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 | BULLISH | 09/15/23 | $275.00 | $54.8K | 16.0K | 130.7K |
CVNA | PUT | SWEEP | BEARISH | 09/15/23 | $53.00 | $27.1K | 1.7K | 5.6K |
F | PUT | TRADE | BULLISH | 01/19/24 | $13.00 | $123.2K | 36.2K | 2.9K |
ABNB | PUT | SWEEP | BEARISH | 01/19/24 | $130.00 | $99.9K | 2.0K | 723 |
MGM | PUT | SWEEP | BEARISH | 09/15/23 | $44.00 | $37.7K | 1.7K | 493 |
RCL | CALL | SWEEP | BULLISH | 10/20/23 | $100.00 | $92.5K | 5.7K | 432 |
CAVA | PUT | TRADE | BULLISH | 09/15/23 | $40.00 | $25.0K | 2.2K | 175 |
DHI | PUT | TRADE | NEUTRAL | 01/19/24 | $125.00 | $162.0K | 538 | 112 |
MCD | CALL | TRADE | NEUTRAL | 01/19/24 | $280.00 | $25.0K | 2.0K | 110 |
DKS | CALL | SWEEP | BEARISH | 01/17/25 | $165.00 | $38.7K | 19 | 68 |
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 bullish, is expiring today. Parties traded 358 contract(s) at a $275.00 strike. This particular put needed to be split into 27 different trades to become filled. The total cost received by the writing party (or parties) was $54.8K, with a price of $153.0 per contract. There were 16020 open contracts at this strike prior to today, and today 130789 contract(s) were bought and sold.
• For CVNA CVNA, we notice a put option sweep that happens to be bearish, is expiring today. Parties traded 149 contract(s) at a $53.00 strike. This particular put needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $27.1K, with a price of $183.0 per contract. There were 1787 open contracts at this strike prior to today, and today 5675 contract(s) were bought and sold.
• Regarding F F, we observe a put option trade with bullish sentiment. It expires in 126 day(s) on January 19, 2024. Parties traded 1100 contract(s) at a $13.00 strike. The total cost received by the writing party (or parties) was $123.2K, with a price of $112.0 per contract. There were 36264 open contracts at this strike prior to today, and today 2943 contract(s) were bought and sold.
• Regarding ABNB ABNB, we observe a put option sweep with bearish sentiment. It expires in 126 day(s) on January 19, 2024. Parties traded 159 contract(s) at a $130.00 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 $99.9K, with a price of $629.0 per contract. There were 2082 open contracts at this strike prior to today, and today 723 contract(s) were bought and sold.
• For MGM MGM, we notice a put option sweep that happens to be bearish, is expiring today. Parties traded 127 contract(s) at a $44.00 strike. This particular put needed to be split into 13 different trades to become filled. The total cost received by the writing party (or parties) was $37.7K, with a price of $297.0 per contract. There were 1783 open contracts at this strike prior to today, and today 493 contract(s) were bought and sold.
• For RCL RCL, we notice a call option sweep that happens to be bullish, expiring in 35 day(s) on October 20, 2023. This event was a transfer of 300 contract(s) at a $100.00 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 $92.5K, with a price of $309.0 per contract. There were 5734 open contracts at this strike prior to today, and today 432 contract(s) were bought and sold.
• For CAVA CAVA, we notice a put option trade that happens to be bullish, is expiring today. Parties traded 50 contract(s) at a $40.00 strike. The total cost received by the writing party (or parties) was $25.0K, with a price of $500.0 per contract. There were 2258 open contracts at this strike prior to today, and today 175 contract(s) were bought and sold.
• For DHI DHI, we notice a put option trade that happens to be neutral, expiring in 126 day(s) on January 19, 2024. This event was a transfer of 108 contract(s) at a $125.00 strike. The total cost received by the writing party (or parties) was $162.0K, with a price of $1500.0 per contract. There were 538 open contracts at this strike prior to today, and today 112 contract(s) were bought and sold.
• Regarding MCD MCD, we observe a call option trade with neutral sentiment. It expires in 126 day(s) on January 19, 2024. Parties traded 23 contract(s) at a $280.00 strike. The total cost received by the writing party (or parties) was $25.0K, with a price of $1090.0 per contract. There were 2025 open contracts at this strike prior to today, and today 110 contract(s) were bought and sold.
• For DKS DKS, we notice a call option sweep that happens to be bearish, expiring in 490 day(s) on January 17, 2025. This event was a transfer of 68 contract(s) at a $165.00 strike. This particular call needed to be split into 16 different trades to become filled. The total cost received by the writing party (or parties) was $38.7K, with a price of $570.0 per contract. There were 19 open contracts at this strike prior to today, and today 68 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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