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 | CALL | SWEEP | BULLISH | 12/29/23 | $260.00 | $46.5K | 35.9K | 82.1K |
SHAK | CALL | SWEEP | BULLISH | 01/19/24 | $60.00 | $78.7K | 410 | 250 |
DKS | PUT | SWEEP | BEARISH | 02/16/24 | $135.00 | $56.2K | 111 | 219 |
LI | CALL | SWEEP | BEARISH | 01/05/24 | $36.00 | $27.4K | 611 | 213 |
XPEV | CALL | SWEEP | BULLISH | 02/16/24 | $12.00 | $45.9K | 2 | 200 |
ANF | PUT | TRADE | BULLISH | 06/21/24 | $120.00 | $489.0K | 750 | 150 |
PTON | CALL | SWEEP | BULLISH | 01/16/26 | $3.00 | $44.9K | 449 | 103 |
AMZN | PUT | TRADE | BEARISH | 01/12/24 | $160.00 | $28.2K | 338 | 85 |
NKE | CALL | TRADE | NEUTRAL | 03/15/24 | $100.00 | $63.0K | 1.6K | 78 |
PDD | CALL | SWEEP | BULLISH | 01/26/24 | $141.00 | $54.3K | 0 | 75 |
Explanation
These bullet-by-bullet explanations have been constructed using the accompanying table.
• For TSLA TSLA, we notice a call option sweep that happens to be bullish, expiring in 2 day(s) on December 29, 2023. This event was a transfer of 100 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 $46.5K, with a price of $465.0 per contract. There were 35951 open contracts at this strike prior to today, and today 82197 contract(s) were bought and sold.
• Regarding SHAK SHAK, we observe a call option sweep with bullish sentiment. It expires in 23 day(s) on January 19, 2024. Parties traded 48 contract(s) at a $60.00 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 $78.7K, with a price of $1640.0 per contract. There were 410 open contracts at this strike prior to today, and today 250 contract(s) were bought and sold.
• For DKS DKS, we notice a put option sweep that happens to be bearish, expiring in 51 day(s) on February 16, 2024. This event was a transfer of 250 contract(s) at a $135.00 strike. This particular put needed to be split into 31 different trades to become filled. The total cost received by the writing party (or parties) was $56.2K, with a price of $225.0 per contract. There were 111 open contracts at this strike prior to today, and today 219 contract(s) were bought and sold.
• Regarding LI LI, we observe a call option sweep with bearish sentiment. It expires in 9 day(s) on January 5, 2024. Parties traded 264 contract(s) at a $36.00 strike. This particular call needed to be split into 20 different trades to become filled. The total cost received by the writing party (or parties) was $27.4K, with a price of $104.0 per contract. There were 611 open contracts at this strike prior to today, and today 213 contract(s) were bought and sold.
• Regarding XPEV XPEV, we observe a call option sweep with bullish sentiment. It expires in 51 day(s) on February 16, 2024. Parties traded 200 contract(s) at a $12.00 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 $45.9K, with a price of $230.0 per contract. There were 2 open contracts at this strike prior to today, and today 200 contract(s) were bought and sold.
• Regarding ANF ANF, we observe a put option trade with bullish sentiment. It expires in 177 day(s) on June 21, 2024. Parties traded 150 contract(s) at a $120.00 strike. The total cost received by the writing party (or parties) was $489.0K, with a price of $3260.0 per contract. There were 750 open contracts at this strike prior to today, and today 150 contract(s) were bought and sold.
• Regarding PTON PTON, we observe a call option sweep with bullish sentiment. It expires in 751 day(s) on January 16, 2026. Parties traded 100 contract(s) at a $3.00 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 $44.9K, with a price of $450.0 per contract. There were 449 open contracts at this strike prior to today, and today 103 contract(s) were bought and sold.
• Regarding AMZN AMZN, we observe a put option trade with bearish sentiment. It expires in 16 day(s) on January 12, 2024. Parties traded 40 contract(s) at a $160.00 strike. The total cost received by the writing party (or parties) was $28.2K, with a price of $707.0 per contract. There were 338 open contracts at this strike prior to today, and today 85 contract(s) were bought and sold.
• For NKE NKE, we notice a call option trade that happens to be neutral, expiring in 79 day(s) on March 15, 2024. This event was a transfer of 64 contract(s) at a $100.00 strike. The total cost received by the writing party (or parties) was $63.0K, with a price of $985.0 per contract. There were 1669 open contracts at this strike prior to today, and today 78 contract(s) were bought and sold.
• For PDD PDD, we notice a call option sweep that happens to be bullish, expiring in 30 day(s) on January 26, 2024. This event was a transfer of 75 contract(s) at a $141.00 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 $54.3K, with a price of $725.0 per contract. There were 0 open contracts at this strike prior to today, and today 75 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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