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 | BEARISH | 10/27/23 | $210.00 | $133.6K | 14.0K | 112.0K |
CVNA | CALL | TRADE | BULLISH | 11/03/23 | $33.00 | $72.8K | 369 | 4.0K |
GM | PUT | TRADE | BEARISH | 10/27/23 | $30.50 | $75.0K | 4.0K | 2.0K |
F | CALL | SWEEP | BULLISH | 03/15/24 | $11.00 | $42.7K | 3.5K | 1.8K |
BBY | PUT | TRADE | BEARISH | 01/19/24 | $67.50 | $29.5K | 1.5K | 252 |
MCD | PUT | TRADE | BULLISH | 01/19/24 | $255.00 | $168.9K | 905 | 207 |
HD | CALL | TRADE | NEUTRAL | 12/15/23 | $300.00 | $39.3K | 877 | 88 |
KMX | PUT | SWEEP | BEARISH | 01/19/24 | $72.50 | $34.7K | 3.8K | 58 |
RCL | CALL | SWEEP | BULLISH | 06/20/25 | $82.50 | $109.0K | 54 | 50 |
CMG | PUT | TRADE | BEARISH | 11/03/23 | $1935.00 | $32.0K | 0 | 46 |
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 bearish, is expiring today. Parties traded 622 contract(s) at a $210.00 strike. This particular put needed to be split into 12 different trades to become filled. The total cost received by the writing party (or parties) was $133.6K, with a price of $213.0 per contract. There were 14076 open contracts at this strike prior to today, and today 112037 contract(s) were bought and sold.
• For CVNA CVNA, we notice a call option trade that happens to be bullish, expiring in 7 day(s) on November 3, 2023. This event was a transfer of 623 contract(s) at a $33.00 strike. The total cost received by the writing party (or parties) was $72.8K, with a price of $117.0 per contract. There were 369 open contracts at this strike prior to today, and today 4009 contract(s) were bought and sold.
• For GM GM, we notice a put option trade that happens to be bearish, is expiring today. Parties traded 250 contract(s) at a $30.50 strike. The total cost received by the writing party (or parties) was $75.0K, with a price of $300.0 per contract. There were 4013 open contracts at this strike prior to today, and today 2029 contract(s) were bought and sold.
• Regarding F F, we observe a call option sweep with bullish sentiment. It expires in 140 day(s) on March 15, 2024. Parties traded 823 contract(s) at a $11.00 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $42.7K, with a price of $52.0 per contract. There were 3501 open contracts at this strike prior to today, and today 1849 contract(s) were bought and sold.
• Regarding BBY BBY, we observe a put option trade with bearish sentiment. It expires in 84 day(s) on January 19, 2024. Parties traded 50 contract(s) at a $67.50 strike. The total cost received by the writing party (or parties) was $29.5K, with a price of $590.0 per contract. There were 1505 open contracts at this strike prior to today, and today 252 contract(s) were bought and sold.
• Regarding MCD MCD, we observe a put option trade with bullish sentiment. It expires in 84 day(s) on January 19, 2024. Parties traded 200 contract(s) at a $255.00 strike. The total cost received by the writing party (or parties) was $168.9K, with a price of $845.0 per contract. There were 905 open contracts at this strike prior to today, and today 207 contract(s) were bought and sold.
• Regarding HD HD, we observe a call option trade with neutral sentiment. It expires in 49 day(s) on December 15, 2023. Parties traded 143 contract(s) at a $300.00 strike. The total cost received by the writing party (or parties) was $39.3K, with a price of $275.0 per contract. There were 877 open contracts at this strike prior to today, and today 88 contract(s) were bought and sold.
• For KMX KMX, we notice a put option sweep that happens to be bearish, expiring in 84 day(s) on January 19, 2024. This event was a transfer of 28 contract(s) at a $72.50 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 $34.7K, with a price of $1240.0 per contract. There were 3812 open contracts at this strike prior to today, and today 58 contract(s) were bought and sold.
• For RCL RCL, we notice a call option sweep that happens to be bullish, expiring in 602 day(s) on June 20, 2025. This event was a transfer of 50 contract(s) at a $82.50 strike. This particular call needed to be split into 8 different trades to become filled. The total cost received by the writing party (or parties) was $109.0K, with a price of $2180.0 per contract. There were 54 open contracts at this strike prior to today, and today 50 contract(s) were bought and sold.
• Regarding CMG CMG, we observe a put option trade with bearish sentiment. It expires in 7 day(s) on November 3, 2023. Parties traded 10 contract(s) at a $1935.00 strike. The total cost received by the writing party (or parties) was $32.0K, with a price of $3200.0 per contract. There were 0 open contracts at this strike prior to today, and today 46 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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