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 | BULLISH | 02/17/23 | $180.00 | $315.2K | 21.4K | 55.8K |
BBBY | PUT | SWEEP | BEARISH | 02/17/23 | $4.00 | $46.5K | 13.3K | 1.1K |
WW | CALL | TRADE | NEUTRAL | 03/17/23 | $5.00 | $28.8K | 5.6K | 1.0K |
ABNB | CALL | SWEEP | BEARISH | 02/17/23 | $115.00 | $29.7K | 1.8K | 864 |
TJX | CALL | SWEEP | BULLISH | 02/24/23 | $82.50 | $127.5K | 8 | 782 |
BABA | CALL | TRADE | BULLISH | 06/16/23 | $120.00 | $34.0K | 11.9K | 763 |
QS | CALL | TRADE | NEUTRAL | 01/17/25 | $7.50 | $48.7K | 4.2K | 751 |
LVS | PUT | SWEEP | NEUTRAL | 06/16/23 | $62.50 | $29.3K | 638 | 616 |
PDD | CALL | SWEEP | BULLISH | 02/24/23 | $96.00 | $59.2K | 72 | 264 |
CZR | PUT | SWEEP | BEARISH | 02/17/23 | $54.00 | $36.1K | 493 | 243 |
Explanation
These itemized elaborations have been created using the accompanying table.
• For TSLA TSLA, we notice a put option sweep that happens to be bullish, expiring in 4 day(s) on February 17, 2023. This event was a transfer of 1494 contract(s) at a $180.00 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 $315.2K, with a price of $211.0 per contract. There were 21487 open contracts at this strike prior to today, and today 55880 contract(s) were bought and sold.
• For BBBY BBBY, we notice a put option sweep that happens to be bearish, expiring in 4 day(s) on February 17, 2023. This event was a transfer of 223 contract(s) at a $4.00 strike. This particular put needed to be split into 17 different trades to become filled. The total cost received by the writing party (or parties) was $46.5K, with a price of $209.0 per contract. There were 13389 open contracts at this strike prior to today, and today 1123 contract(s) were bought and sold.
• Regarding WW WW, we observe a call option trade with neutral sentiment. It expires in 32 day(s) on March 17, 2023. Parties traded 823 contract(s) at a $5.00 strike. The total cost received by the writing party (or parties) was $28.8K, with a price of $35.0 per contract. There were 5630 open contracts at this strike prior to today, and today 1097 contract(s) were bought and sold.
• Regarding ABNB ABNB, we observe a call option sweep with bearish sentiment. It expires in 4 day(s) on February 17, 2023. Parties traded 60 contract(s) at a $115.00 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 $29.7K, with a price of $495.0 per contract. There were 1872 open contracts at this strike prior to today, and today 864 contract(s) were bought and sold.
• Regarding TJX TJX, we observe a call option sweep with bullish sentiment. It expires in 11 day(s) on February 24, 2023. Parties traded 778 contract(s) at a $82.50 strike. This particular call needed to be split into 34 different trades to become filled. The total cost received by the writing party (or parties) was $127.5K, with a price of $164.0 per contract. There were 8 open contracts at this strike prior to today, and today 782 contract(s) were bought and sold.
• Regarding BABA BABA, we observe a call option trade with bullish sentiment. It expires in 123 day(s) on June 16, 2023. Parties traded 50 contract(s) at a $120.00 strike. The total cost received by the writing party (or parties) was $34.0K, with a price of $680.0 per contract. There were 11968 open contracts at this strike prior to today, and today 763 contract(s) were bought and sold.
• Regarding QS QS, we observe a call option trade with neutral sentiment. It expires in 704 day(s) on January 17, 2025. Parties traded 150 contract(s) at a $7.50 strike. The total cost received by the writing party (or parties) was $48.7K, with a price of $325.0 per contract. There were 4245 open contracts at this strike prior to today, and today 751 contract(s) were bought and sold.
• For LVS LVS, we notice a put option sweep that happens to be neutral, expiring in 123 day(s) on June 16, 2023. This event was a transfer of 41 contract(s) at a $62.50 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 $29.3K, with a price of $715.0 per contract. There were 638 open contracts at this strike prior to today, and today 616 contract(s) were bought and sold.
• For PDD PDD, we notice a call option sweep that happens to be bullish, expiring in 11 day(s) on February 24, 2023. This event was a transfer of 152 contract(s) at a $96.00 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 $59.2K, with a price of $390.0 per contract. There were 72 open contracts at this strike prior to today, and today 264 contract(s) were bought and sold.
• Regarding CZR CZR, we observe a put option sweep with bearish sentiment. It expires in 4 day(s) on February 17, 2023. Parties traded 137 contract(s) at a $54.00 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 $36.1K, with a price of $265.0 per contract. There were 493 open contracts at this strike prior to today, and today 243 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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