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 | CALL | SWEEP | BEARISH | 10/06/23 | $260.00 | $37.7K | 33.5K | 92.3K |
| DKNG | CALL | SWEEP | BEARISH | 10/06/23 | $29.00 | $28.1K | 884 | 3.7K |
| CVNA | PUT | SWEEP | BULLISH | 10/06/23 | $38.00 | $51.3K | 2.1K | 3.0K |
| TM | PUT | SWEEP | BULLISH | 10/20/23 | $180.00 | $250.8K | 2.3K | 1.9K |
| KBH | PUT | SWEEP | BEARISH | 10/20/23 | $42.00 | $66.7K | 236 | 1.6K |
| LCID | PUT | SWEEP | BEARISH | 11/17/23 | $5.00 | $37.0K | 50.8K | 1.0K |
| VFS | PUT | SWEEP | BEARISH | 12/15/23 | $7.50 | $40.7K | 1.4K | 689 |
| MAT | CALL | SWEEP | BEARISH | 01/19/24 | $22.00 | $26.0K | 2.2K | 502 |
| HD | CALL | SWEEP | BEARISH | 01/19/24 | $310.00 | $41.5K | 1.2K | 146 |
| W | CALL | TRADE | BEARISH | 01/17/25 | $65.00 | $48.0K | 206 | 143 |
Explanation
These itemized elaborations have been created using the accompanying table.
• For TSLA TSLA, we notice a call option sweep that happens to be bearish, expiring in 2 day(s) on October 6, 2023. This event was a transfer of 133 contract(s) at a $260.00 strike. This particular call needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $37.7K, with a price of $284.0 per contract. There were 33557 open contracts at this strike prior to today, and today 92368 contract(s) were bought and sold.
• Regarding DKNG DKNG, we observe a call option sweep with bearish sentiment. It expires in 2 day(s) on October 6, 2023. Parties traded 1000 contract(s) at a $29.00 strike. This particular call needed to be split into 21 different trades to become filled. The total cost received by the writing party (or parties) was $28.1K, with a price of $28.0 per contract. There were 884 open contracts at this strike prior to today, and today 3713 contract(s) were bought and sold.
• Regarding CVNA CVNA, we observe a put option sweep with bullish sentiment. It expires in 2 day(s) on October 6, 2023. Parties traded 400 contract(s) at a $38.00 strike. This particular put needed to be split into 24 different trades to become filled. The total cost received by the writing party (or parties) was $51.3K, with a price of $129.0 per contract. There were 2118 open contracts at this strike prior to today, and today 3016 contract(s) were bought and sold.
• For TM TM, we notice a put option sweep that happens to be bullish, expiring in 16 day(s) on October 20, 2023. This event was a transfer of 218 contract(s) at a $180.00 strike. This particular put needed to be split into 14 different trades to become filled. The total cost received by the writing party (or parties) was $250.8K, with a price of $1150.0 per contract. There were 2370 open contracts at this strike prior to today, and today 1981 contract(s) were bought and sold.
• For KBH KBH, we notice a put option sweep that happens to be bearish, expiring in 16 day(s) on October 20, 2023. This event was a transfer of 1212 contract(s) at a $42.00 strike. This particular put needed to be split into 29 different trades to become filled. The total cost received by the writing party (or parties) was $66.7K, with a price of $55.0 per contract. There were 236 open contracts at this strike prior to today, and today 1612 contract(s) were bought and sold.
• For LCID LCID, we notice a put option sweep that happens to be bearish, expiring in 44 day(s) on November 17, 2023. This event was a transfer of 1000 contract(s) at a $5.00 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 $37.0K, with a price of $37.0 per contract. There were 50847 open contracts at this strike prior to today, and today 1085 contract(s) were bought and sold.
• For VFS VFS, we notice a put option sweep that happens to be bearish, expiring in 72 day(s) on December 15, 2023. This event was a transfer of 180 contract(s) at a $7.50 strike. This particular put needed to be split into 8 different trades to become filled. The total cost received by the writing party (or parties) was $40.7K, with a price of $227.0 per contract. There were 1470 open contracts at this strike prior to today, and today 689 contract(s) were bought and sold.
• For MAT MAT, we notice a call option sweep that happens to be bearish, expiring in 107 day(s) on January 19, 2024. This event was a transfer of 200 contract(s) at a $22.00 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 $26.0K, with a price of $130.0 per contract. There were 2216 open contracts at this strike prior to today, and today 502 contract(s) were bought and sold.
• For HD HD, we notice a call option sweep that happens to be bearish, expiring in 107 day(s) on January 19, 2024. This event was a transfer of 54 contract(s) at a $310.00 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 $41.5K, with a price of $770.0 per contract. There were 1292 open contracts at this strike prior to today, and today 146 contract(s) were bought and sold.
• For W W, we notice a call option trade that happens to be bearish, expiring in 471 day(s) on January 17, 2025. This event was a transfer of 28 contract(s) at a $65.00 strike. The total cost received by the writing party (or parties) was $48.0K, with a price of $1715.0 per contract. There were 206 open contracts at this strike prior to today, and today 143 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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