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 | TRADE | BEARISH | 03/11/22 | $850.00 | $34.3K | 1.9K | 16.0K |
HOG | CALL | TRADE | NEUTRAL | 03/18/22 | $40.00 | $120.0K | 582 | 4.2K |
RIVN | PUT | SWEEP | BULLISH | 03/11/22 | $42.50 | $68.3K | 632 | 2.3K |
CPRI | CALL | SWEEP | BULLISH | 03/11/22 | $49.00 | $90.0K | 55 | 1.5K |
CCL | PUT | SWEEP | BEARISH | 04/14/22 | $20.00 | $123.0K | 34.1K | 1.1K |
NIO | PUT | SWEEP | BEARISH | 05/20/22 | $25.00 | $74.4K | 4.8K | 1.0K |
AMZN | PUT | TRADE | BEARISH | 03/11/22 | $2760.00 | $95.5K | 173 | 882 |
AXL | PUT | SWEEP | BULLISH | 07/15/22 | $7.00 | $41.6K | 260 | 794 |
CZR | PUT | SWEEP | BULLISH | 03/11/22 | $76.00 | $41.6K | 75 | 752 |
F | PUT | SWEEP | BULLISH | 06/17/22 | $26.00 | $134.5K | 1.8K | 290 |
Explanation
These bullet-by-bullet explanations have been constructed using the accompanying table.
• Regarding TSLA TSLA, we observe a put option trade with bearish sentiment. It expires in 2 day(s) on March 11, 2022. Parties traded 20 contract(s) at a $850.00 strike. The total cost received by the writing party (or parties) was $34.3K, with a price of $1719.0 per contract. There were 1982 open contracts at this strike prior to today, and today 16029 contract(s) were bought and sold.
• For HOG HOG, we notice a call option trade that happens to be neutral, expiring in 9 day(s) on March 18, 2022. This event was a transfer of 1600 contract(s) at a $40.00 strike. The total cost received by the writing party (or parties) was $120.0K, with a price of $75.0 per contract. There were 582 open contracts at this strike prior to today, and today 4262 contract(s) were bought and sold.
• For RIVN RIVN, we notice a put option sweep that happens to be bullish, expiring in 2 day(s) on March 11, 2022. This event was a transfer of 253 contract(s) at a $42.50 strike. This particular put needed to be split into 15 different trades to become filled. The total cost received by the writing party (or parties) was $68.3K, with a price of $270.0 per contract. There were 632 open contracts at this strike prior to today, and today 2306 contract(s) were bought and sold.
• For CPRI CPRI, we notice a call option sweep that happens to be bullish, expiring in 2 day(s) on March 11, 2022. This event was a transfer of 300 contract(s) at a $49.00 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 $90.0K, with a price of $300.0 per contract. There were 55 open contracts at this strike prior to today, and today 1548 contract(s) were bought and sold.
• For CCL CCL, we notice a put option sweep that happens to be bearish, expiring in 36 day(s) on April 14, 2022. This event was a transfer of 362 contract(s) at a $20.00 strike. This particular put needed to be split into 15 different trades to become filled. The total cost received by the writing party (or parties) was $123.0K, with a price of $340.0 per contract. There were 34103 open contracts at this strike prior to today, and today 1174 contract(s) were bought and sold.
• Regarding NIO NIO, we observe a put option sweep with bearish sentiment. It expires in 72 day(s) on May 20, 2022. Parties traded 121 contract(s) at a $25.00 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 $74.4K, with a price of $615.0 per contract. There were 4881 open contracts at this strike prior to today, and today 1077 contract(s) were bought and sold.
• Regarding AMZN AMZN, we observe a put option trade with bearish sentiment. It expires in 2 day(s) on March 11, 2022. Parties traded 25 contract(s) at a $2760.00 strike. The total cost received by the writing party (or parties) was $95.5K, with a price of $3820.0 per contract. There were 173 open contracts at this strike prior to today, and today 882 contract(s) were bought and sold.
• For AXL AXL, we notice a put option sweep that happens to be bullish, expiring in 128 day(s) on July 15, 2022. This event was a transfer of 694 contract(s) at a $7.00 strike. This particular put needed to be split into 26 different trades to become filled. The total cost received by the writing party (or parties) was $41.6K, with a price of $60.0 per contract. There were 260 open contracts at this strike prior to today, and today 794 contract(s) were bought and sold.
• For CZR CZR, we notice a put option sweep that happens to be bullish, expiring in 2 day(s) on March 11, 2022. This event was a transfer of 375 contract(s) at a $76.00 strike. This particular put needed to be split into 16 different trades to become filled. The total cost received by the writing party (or parties) was $41.6K, with a price of $111.0 per contract. There were 75 open contracts at this strike prior to today, and today 752 contract(s) were bought and sold.
• For F F, we notice a put option sweep that happens to be bullish, expiring in 100 day(s) on June 17, 2022. This event was a transfer of 140 contract(s) at a $26.00 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 $134.5K, with a price of $961.0 per contract. There were 1811 open contracts at this strike prior to today, and today 290 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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