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 | 05/05/23 | $170.00 | $47.0K | 46.2K | 253.8K |
CVNA | PUT | SWEEP | BEARISH | 05/19/23 | $8.00 | $120.7K | 145 | 1.7K |
CCL | PUT | SWEEP | BEARISH | 05/12/23 | $10.50 | $73.6K | 110 | 1.3K |
XPEV | CALL | SWEEP | BEARISH | 05/05/23 | $8.00 | $49.5K | 908 | 1.0K |
WEN | CALL | SWEEP | BULLISH | 08/18/23 | $21.00 | $36.7K | 535 | 200 |
PHM | CALL | TRADE | NEUTRAL | 07/21/23 | $65.00 | $34.0K | 15.6K | 176 |
KTB | PUT | SWEEP | BEARISH | 11/17/23 | $35.00 | $36.6K | 250 | 131 |
BURL | PUT | TRADE | BEARISH | 09/15/23 | $200.00 | $31.2K | 214 | 124 |
ASO | PUT | TRADE | BEARISH | 06/16/23 | $60.00 | $25.6K | 546 | 108 |
W | CALL | TRADE | BULLISH | 01/17/25 | $100.00 | $27.6K | 531 | 88 |
Explanation
These itemized elaborations have been created using the accompanying table.
• For TSLA TSLA, we notice a call option sweep that happens to be bullish, is expiring today. Parties traded 940 contract(s) at a $170.00 strike. This particular call needed to be split into 55 different trades to become filled. The total cost received by the writing party (or parties) was $47.0K, with a price of $50.0 per contract. There were 46264 open contracts at this strike prior to today, and today 253805 contract(s) were bought and sold.
• For CVNA CVNA, we notice a put option sweep that happens to be bearish, expiring in 14 day(s) on May 19, 2023. This event was a transfer of 1752 contract(s) at a $8.00 strike. This particular put needed to be split into 22 different trades to become filled. The total cost received by the writing party (or parties) was $120.7K, with a price of $69.0 per contract. There were 145 open contracts at this strike prior to today, and today 1784 contract(s) were bought and sold.
• Regarding CCL CCL, we observe a put option sweep with bearish sentiment. It expires in 7 day(s) on May 12, 2023. Parties traded 1312 contract(s) at a $10.50 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 $73.6K, with a price of $56.0 per contract. There were 110 open contracts at this strike prior to today, and today 1388 contract(s) were bought and sold.
• For XPEV XPEV, we notice a call option sweep that happens to be bearish, is expiring today. Parties traded 198 contract(s) at a $8.00 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 $49.5K, with a price of $250.0 per contract. There were 908 open contracts at this strike prior to today, and today 1017 contract(s) were bought and sold.
• Regarding WEN WEN, we observe a call option sweep with bullish sentiment. It expires in 105 day(s) on August 18, 2023. Parties traded 175 contract(s) at a $21.00 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 $36.7K, with a price of $210.0 per contract. There were 535 open contracts at this strike prior to today, and today 200 contract(s) were bought and sold.
• For PHM PHM, we notice a call option trade that happens to be neutral, expiring in 77 day(s) on July 21, 2023. This event was a transfer of 71 contract(s) at a $65.00 strike. The total cost received by the writing party (or parties) was $34.0K, with a price of $480.0 per contract. There were 15651 open contracts at this strike prior to today, and today 176 contract(s) were bought and sold.
• For KTB KTB, we notice a put option sweep that happens to be bearish, expiring in 196 day(s) on November 17, 2023. This event was a transfer of 131 contract(s) at a $35.00 strike. This particular put needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was $36.6K, with a price of $280.0 per contract. There were 250 open contracts at this strike prior to today, and today 131 contract(s) were bought and sold.
• Regarding BURL BURL, we observe a put option trade with bearish sentiment. It expires in 133 day(s) on September 15, 2023. Parties traded 12 contract(s) at a $200.00 strike. The total cost received by the writing party (or parties) was $31.2K, with a price of $2600.0 per contract. There were 214 open contracts at this strike prior to today, and today 124 contract(s) were bought and sold.
• For ASO ASO, we notice a put option trade that happens to be bearish, expiring in 42 day(s) on June 16, 2023. This event was a transfer of 79 contract(s) at a $60.00 strike. The total cost received by the writing party (or parties) was $25.6K, with a price of $325.0 per contract. There were 546 open contracts at this strike prior to today, and today 108 contract(s) were bought and sold.
• Regarding W W, we observe a call option trade with bullish sentiment. It expires in 623 day(s) on January 17, 2025. Parties traded 46 contract(s) at a $100.00 strike. The total cost received by the writing party (or parties) was $27.6K, with a price of $600.0 per contract. There were 531 open contracts at this strike prior to today, and today 88 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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