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 | PUT | SWEEP | NEUTRAL | 03/24/23 | $190.00 | $58.5K | 23.9K | 52.0K |
NIO | PUT | SWEEP | BULLISH | 04/21/23 | $10.00 | $29.9K | 12.9K | 1.5K |
PTON | CALL | TRADE | NEUTRAL | 09/15/23 | $17.00 | $39.2K | 2.2K | 747 |
GM | PUT | SWEEP | BULLISH | 06/16/23 | $35.00 | $29.0K | 17.0K | 677 |
AN | PUT | SWEEP | NEUTRAL | 04/21/23 | $120.00 | $57.9K | 890 | 530 |
KMX | PUT | SWEEP | BEARISH | 05/19/23 | $50.00 | $110.7K | 5.1K | 418 |
NKE | CALL | SWEEP | BEARISH | 03/24/23 | $120.00 | $26.9K | 1.5K | 352 |
CVNA | PUT | SWEEP | NEUTRAL | 08/18/23 | $7.50 | $27.5K | 370 | 171 |
MCD | PUT | SWEEP | BULLISH | 04/28/23 | $270.00 | $26.9K | 19 | 75 |
SONY | CALL | SWEEP | BEARISH | 01/19/24 | $95.00 | $25.5K | 1.2K | 73 |
Explanation
These itemized elaborations have been created using the accompanying table.
• Regarding TSLA TSLA, we observe a put option sweep with neutral sentiment. It expires in 2 day(s) on March 24, 2023. Parties traded 317 contract(s) at a $190.00 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 $58.5K, with a price of $183.0 per contract. There were 23981 open contracts at this strike prior to today, and today 52001 contract(s) were bought and sold.
• Regarding NIO NIO, we observe a put option sweep with bullish sentiment. It expires in 30 day(s) on April 21, 2023. Parties traded 270 contract(s) at a $10.00 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 $29.9K, with a price of $111.0 per contract. There were 12953 open contracts at this strike prior to today, and today 1563 contract(s) were bought and sold.
• For PTON PTON, we notice a call option trade that happens to be neutral, expiring in 177 day(s) on September 15, 2023. This event was a transfer of 688 contract(s) at a $17.00 strike. The total cost received by the writing party (or parties) was $39.2K, with a price of $57.0 per contract. There were 2259 open contracts at this strike prior to today, and today 747 contract(s) were bought and sold.
• Regarding GM GM, we observe a put option sweep with bullish sentiment. It expires in 86 day(s) on June 16, 2023. Parties traded 104 contract(s) at a $35.00 strike. This particular put needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $29.0K, with a price of $279.0 per contract. There were 17084 open contracts at this strike prior to today, and today 677 contract(s) were bought and sold.
• Regarding AN AN, we observe a put option sweep with neutral sentiment. It expires in 30 day(s) on April 21, 2023. Parties traded 187 contract(s) at a $120.00 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 $57.9K, with a price of $310.0 per contract. There were 890 open contracts at this strike prior to today, and today 530 contract(s) were bought and sold.
• For KMX KMX, we notice a put option sweep that happens to be bearish, expiring in 58 day(s) on May 19, 2023. This event was a transfer of 418 contract(s) at a $50.00 strike. This particular put needed to be split into 49 different trades to become filled. The total cost received by the writing party (or parties) was $110.7K, with a price of $265.0 per contract. There were 5148 open contracts at this strike prior to today, and today 418 contract(s) were bought and sold.
• Regarding NKE NKE, we observe a call option sweep with bearish sentiment. It expires in 2 day(s) on March 24, 2023. Parties traded 100 contract(s) at a $120.00 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 $26.9K, with a price of $270.0 per contract. There were 1543 open contracts at this strike prior to today, and today 352 contract(s) were bought and sold.
• For CVNA CVNA, we notice a put option sweep that happens to be neutral, expiring in 149 day(s) on August 18, 2023. This event was a transfer of 100 contract(s) at a $7.50 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 $27.5K, with a price of $275.0 per contract. There were 370 open contracts at this strike prior to today, and today 171 contract(s) were bought and sold.
• Regarding MCD MCD, we observe a put option sweep with bullish sentiment. It expires in 37 day(s) on April 28, 2023. Parties traded 46 contract(s) at a $270.00 strike. This particular put needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $26.9K, with a price of $585.0 per contract. There were 19 open contracts at this strike prior to today, and today 75 contract(s) were bought and sold.
• Regarding SONY SONY, we observe a call option sweep with bearish sentiment. It expires in 303 day(s) on January 19, 2024. Parties traded 34 contract(s) at a $95.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $25.5K, with a price of $750.0 per contract. There were 1206 open contracts at this strike prior to today, and today 73 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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