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 | 03/03/23 | $200.00 | $32.4K | 37.7K | 190.8K |
BBBY | PUT | SWEEP | BULLISH | 01/19/24 | $2.00 | $209.1K | 38.0K | 10.6K |
F | CALL | SWEEP | BEARISH | 06/16/23 | $13.00 | $32.7K | 3.1K | 2.6K |
JD | CALL | SWEEP | BULLISH | 06/21/24 | $80.00 | $49.6K | 3.9K | 827 |
GME | PUT | TRADE | BEARISH | 03/10/23 | $19.00 | $43.0K | 1.7K | 778 |
CCL | PUT | SWEEP | BEARISH | 06/20/25 | $5.00 | $27.4K | 7.2K | 711 |
XPEV | CALL | TRADE | BULLISH | 04/06/23 | $7.00 | $26.8K | 0 | 535 |
LEN | PUT | TRADE | BEARISH | 08/18/23 | $92.50 | $310.0K | 60 | 500 |
SBUX | CALL | TRADE | NEUTRAL | 05/19/23 | $105.00 | $32.0K | 5.2K | 417 |
CVNA | CALL | SWEEP | BEARISH | 05/19/23 | $5.00 | $73.0K | 3.4K | 362 |
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, is expiring today. Parties traded 451 contract(s) at a $200.00 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 $32.4K, with a price of $71.0 per contract. There were 37770 open contracts at this strike prior to today, and today 190870 contract(s) were bought and sold.
• Regarding BBBY BBBY, we observe a put option sweep with bullish sentiment. It expires in 322 day(s) on January 19, 2024. Parties traded 1478 contract(s) at a $2.00 strike. This particular put needed to be split into 18 different trades to become filled. The total cost received by the writing party (or parties) was $209.1K, with a price of $141.0 per contract. There were 38021 open contracts at this strike prior to today, and today 10679 contract(s) were bought and sold.
• For F F, we notice a call option sweep that happens to be bearish, expiring in 105 day(s) on June 16, 2023. This event was a transfer of 300 contract(s) at a $13.00 strike. This particular call needed to be split into 10 different trades to become filled. The total cost received by the writing party (or parties) was $32.7K, with a price of $109.0 per contract. There were 3140 open contracts at this strike prior to today, and today 2616 contract(s) were bought and sold.
• Regarding JD JD, we observe a call option sweep with bullish sentiment. It expires in 476 day(s) on June 21, 2024. Parties traded 146 contract(s) at a $80.00 strike. This particular call needed to be split into 14 different trades to become filled. The total cost received by the writing party (or parties) was $49.6K, with a price of $340.0 per contract. There were 3932 open contracts at this strike prior to today, and today 827 contract(s) were bought and sold.
• For GME GME, we notice a put option trade that happens to be bearish, expiring in 7 day(s) on March 10, 2023. This event was a transfer of 500 contract(s) at a $19.00 strike. The total cost received by the writing party (or parties) was $43.0K, with a price of $86.0 per contract. There were 1765 open contracts at this strike prior to today, and today 778 contract(s) were bought and sold.
• For CCL CCL, we notice a put option sweep that happens to be bearish, expiring in 840 day(s) on June 20, 2025. This event was a transfer of 289 contract(s) at a $5.00 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 $27.4K, with a price of $95.0 per contract. There were 7254 open contracts at this strike prior to today, and today 711 contract(s) were bought and sold.
• Regarding XPEV XPEV, we observe a call option trade with bullish sentiment. It expires in 34 day(s) on April 6, 2023. Parties traded 100 contract(s) at a $7.00 strike. The total cost received by the writing party (or parties) was $26.8K, with a price of $268.0 per contract. There were 0 open contracts at this strike prior to today, and today 535 contract(s) were bought and sold.
• For LEN LEN, we notice a put option trade that happens to be bearish, expiring in 168 day(s) on August 18, 2023. This event was a transfer of 500 contract(s) at a $92.50 strike. The total cost received by the writing party (or parties) was $310.0K, with a price of $620.0 per contract. There were 60 open contracts at this strike prior to today, and today 500 contract(s) were bought and sold.
• Regarding SBUX SBUX, we observe a call option trade with neutral sentiment. It expires in 77 day(s) on May 19, 2023. Parties traded 64 contract(s) at a $105.00 strike. The total cost received by the writing party (or parties) was $32.0K, with a price of $500.0 per contract. There were 5298 open contracts at this strike prior to today, and today 417 contract(s) were bought and sold.
• Regarding CVNA CVNA, we observe a call option sweep with bearish sentiment. It expires in 77 day(s) on May 19, 2023. Parties traded 146 contract(s) at a $5.00 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 $73.0K, with a price of $500.0 per contract. There were 3483 open contracts at this strike prior to today, and today 362 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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