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 | 11/17/23 | $225.00 | $45.7K | 18.0K | 83.9K |
VSCO | CALL | TRADE | BULLISH | 11/17/23 | $17.50 | $40.9K | 5.7K | 4.5K |
MCD | PUT | SWEEP | NEUTRAL | 11/17/23 | $265.00 | $29.7K | 6.8K | 1.8K |
RCL | CALL | SWEEP | BULLISH | 11/17/23 | $92.50 | $85.1K | 2.4K | 356 |
TPR | PUT | SWEEP | BEARISH | 01/19/24 | $30.00 | $76.4K | 1.9K | 296 |
PTON | PUT | SWEEP | BEARISH | 01/17/25 | $7.00 | $31.8K | 354 | 201 |
HD | CALL | SWEEP | NEUTRAL | 11/24/23 | $275.00 | $34.0K | 2 | 191 |
CROX | CALL | SWEEP | BULLISH | 01/19/24 | $90.00 | $25.5K | 1.7K | 178 |
XPEV | CALL | SWEEP | BEARISH | 01/17/25 | $17.50 | $29.4K | 1.7K | 130 |
BKNG | CALL | SWEEP | BULLISH | 11/17/23 | $3145.00 | $252.0K | 11 | 87 |
Explanation
These bullet-by-bullet explanations have been constructed using the accompanying table.
• Regarding TSLA TSLA, we observe a call option sweep with bearish sentiment. It expires in 4 day(s) on November 17, 2023. Parties traded 96 contract(s) at a $225.00 strike. This particular call needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was $45.7K, with a price of $478.0 per contract. There were 18022 open contracts at this strike prior to today, and today 83928 contract(s) were bought and sold.
• Regarding VSCO VSCO, we observe a call option trade with bullish sentiment. It expires in 4 day(s) on November 17, 2023. Parties traded 200 contract(s) at a $17.50 strike. The total cost received by the writing party (or parties) was $40.9K, with a price of $205.0 per contract. There were 5780 open contracts at this strike prior to today, and today 4500 contract(s) were bought and sold.
• For MCD MCD, we notice a put option sweep that happens to be neutral, expiring in 4 day(s) on November 17, 2023. This event was a transfer of 550 contract(s) at a $265.00 strike. This particular put needed to be split into 42 different trades to become filled. The total cost received by the writing party (or parties) was $29.7K, with a price of $54.0 per contract. There were 6894 open contracts at this strike prior to today, and today 1836 contract(s) were bought and sold.
• For RCL RCL, we notice a call option sweep that happens to be bullish, expiring in 4 day(s) on November 17, 2023. This event was a transfer of 152 contract(s) at a $92.50 strike. This particular call needed to be split into 15 different trades to become filled. The total cost received by the writing party (or parties) was $85.1K, with a price of $560.0 per contract. There were 2496 open contracts at this strike prior to today, and today 356 contract(s) were bought and sold.
• Regarding TPR TPR, we observe a put option sweep with bearish sentiment. It expires in 67 day(s) on January 19, 2024. Parties traded 294 contract(s) at a $30.00 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 $76.4K, with a price of $260.0 per contract. There were 1962 open contracts at this strike prior to today, and today 296 contract(s) were bought and sold.
• Regarding PTON PTON, we observe a put option sweep with bearish sentiment. It expires in 431 day(s) on January 17, 2025. Parties traded 100 contract(s) at a $7.00 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 $31.8K, with a price of $318.0 per contract. There were 354 open contracts at this strike prior to today, and today 201 contract(s) were bought and sold.
• For HD HD, we notice a call option sweep that happens to be neutral, expiring in 11 day(s) on November 24, 2023. This event was a transfer of 21 contract(s) at a $275.00 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 $34.0K, with a price of $1620.0 per contract. There were 2 open contracts at this strike prior to today, and today 191 contract(s) were bought and sold.
• Regarding CROX CROX, we observe a call option sweep with bullish sentiment. It expires in 67 day(s) on January 19, 2024. Parties traded 150 contract(s) at a $90.00 strike. This particular call needed to be split into 11 different trades to become filled. The total cost received by the writing party (or parties) was $25.5K, with a price of $170.0 per contract. There were 1774 open contracts at this strike prior to today, and today 178 contract(s) were bought and sold.
• For XPEV XPEV, we notice a call option sweep that happens to be bearish, expiring in 431 day(s) on January 17, 2025. This event was a transfer of 70 contract(s) at a $17.50 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 $29.4K, with a price of $420.0 per contract. There were 1731 open contracts at this strike prior to today, and today 130 contract(s) were bought and sold.
• For BKNG BKNG, we notice a call option sweep that happens to be bullish, expiring in 4 day(s) on November 17, 2023. This event was a transfer of 75 contract(s) at a $3145.00 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 $252.0K, with a price of $3360.0 per contract. There were 11 open contracts at this strike prior to today, and today 87 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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