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.
Here's the list of options activity happening in today's session:
Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
---|---|---|---|---|---|---|---|---|
TSLA | PUT | SWEEP | BEARISH | 09/22/23 | $250.00 | $67.3K | 26.5K | 123.2K |
CVNA | PUT | SWEEP | BULLISH | 09/29/23 | $45.50 | $33.2K | 290 | 585 |
MCD | CALL | SWEEP | BEARISH | 12/15/23 | $285.00 | $52.6K | 401 | 475 |
NKE | CALL | TRADE | BEARISH | 10/20/23 | $92.50 | $28.3K | 400 | 268 |
LI | PUT | SWEEP | BULLISH | 06/21/24 | $25.00 | $31.3K | 197 | 212 |
PLNT | CALL | TRADE | BULLISH | 01/17/25 | $50.00 | $75.1K | 190 | 105 |
HD | CALL | SWEEP | BULLISH | 10/20/23 | $307.50 | $29.6K | 33 | 90 |
OSTK | PUT | SWEEP | BULLISH | 01/19/24 | $20.00 | $26.5K | 1.3K | 61 |
ABNB | CALL | TRADE | NEUTRAL | 01/17/25 | $145.00 | $95.9K | 910 | 40 |
CZR | CALL | TRADE | BEARISH | 01/16/26 | $50.00 | $36.3K | 20 | 38 |
Explanation
These itemized elaborations have been created using the accompanying table.
• For TSLA TSLA, we notice a put option sweep that happens to be bearish, is expiring today. Parties traded 523 contract(s) at a $250.00 strike. This particular put needed to be split into 55 different trades to become filled. The total cost received by the writing party (or parties) was $67.3K, with a price of $129.0 per contract. There were 26530 open contracts at this strike prior to today, and today 123269 contract(s) were bought and sold.
• Regarding CVNA CVNA, we observe a put option sweep with bullish sentiment. It expires in 7 day(s) on September 29, 2023. Parties traded 81 contract(s) at a $45.50 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 $33.2K, with a price of $410.0 per contract. There were 290 open contracts at this strike prior to today, and today 585 contract(s) were bought and sold.
• For MCD MCD, we notice a call option sweep that happens to be bearish, expiring in 84 day(s) on December 15, 2023. This event was a transfer of 142 contract(s) at a $285.00 strike. This particular call needed to be split into 41 different trades to become filled. The total cost received by the writing party (or parties) was $52.6K, with a price of $372.0 per contract. There were 401 open contracts at this strike prior to today, and today 475 contract(s) were bought and sold.
• Regarding NKE NKE, we observe a call option trade with bearish sentiment. It expires in 28 day(s) on October 20, 2023. Parties traded 98 contract(s) at a $92.50 strike. The total cost received by the writing party (or parties) was $28.3K, with a price of $289.0 per contract. There were 400 open contracts at this strike prior to today, and today 268 contract(s) were bought and sold.
• Regarding LI LI, we observe a put option sweep with bullish sentiment. It expires in 273 day(s) on June 21, 2024. Parties traded 212 contract(s) at a $25.00 strike. This particular put needed to be split into 25 different trades to become filled. The total cost received by the writing party (or parties) was $31.3K, with a price of $148.0 per contract. There were 197 open contracts at this strike prior to today, and today 212 contract(s) were bought and sold.
• Regarding PLNT PLNT, we observe a call option trade with bullish sentiment. It expires in 483 day(s) on January 17, 2025. Parties traded 100 contract(s) at a $50.00 strike. The total cost received by the writing party (or parties) was $75.1K, with a price of $751.0 per contract. There were 190 open contracts at this strike prior to today, and today 105 contract(s) were bought and sold.
• Regarding HD HD, we observe a call option sweep with bullish sentiment. It expires in 28 day(s) on October 20, 2023. Parties traded 46 contract(s) at a $307.50 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 $29.6K, with a price of $645.0 per contract. There were 33 open contracts at this strike prior to today, and today 90 contract(s) were bought and sold.
• For OSTK OSTK, we notice a put option sweep that happens to be bullish, expiring in 119 day(s) on January 19, 2024. This event was a transfer of 59 contract(s) at a $20.00 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 $26.5K, with a price of $450.0 per contract. There were 1308 open contracts at this strike prior to today, and today 61 contract(s) were bought and sold.
• For ABNB ABNB, we notice a call option trade that happens to be neutral, expiring in 483 day(s) on January 17, 2025. This event was a transfer of 39 contract(s) at a $145.00 strike. The total cost received by the writing party (or parties) was $95.9K, with a price of $2460.0 per contract. There were 910 open contracts at this strike prior to today, and today 40 contract(s) were bought and sold.
• Regarding CZR CZR, we observe a call option trade with bearish sentiment. It expires in 847 day(s) on January 16, 2026. Parties traded 27 contract(s) at a $50.00 strike. The total cost received by the writing party (or parties) was $36.3K, with a price of $1348.0 per contract. There were 20 open contracts at this strike prior to today, and today 38 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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