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 | BEARISH | 06/02/23 | $200.00 | $29.6K | 11.4K | 60.7K |
RIVN | CALL | SWEEP | BULLISH | 07/21/23 | $17.50 | $34.0K | 12.7K | 7.4K |
LCID | CALL | SWEEP | BULLISH | 07/21/23 | $8.00 | $39.0K | 456 | 6.4K |
CCL | CALL | TRADE | BULLISH | 07/21/23 | $14.00 | $30.0K | 29.8K | 6.1K |
XPEV | CALL | TRADE | BULLISH | 07/21/23 | $9.00 | $47.0K | 8.3K | 5.0K |
WYNN | CALL | SWEEP | BULLISH | 07/21/23 | $100.00 | $32.9K | 631 | 4.3K |
SONO | CALL | SWEEP | BEARISH | 06/16/23 | $15.00 | $26.0K | 3.6K | 1.0K |
GES | CALL | SWEEP | BEARISH | 07/21/23 | $19.00 | $50.0K | 1.7K | 1.0K |
ZUMZ | CALL | SWEEP | BULLISH | 06/16/23 | $17.50 | $44.6K | 38 | 999 |
FIVE | PUT | SWEEP | BEARISH | 06/09/23 | $155.00 | $53.7K | 7 | 893 |
Explanation
These itemized elaborations have been created using the accompanying table.
• For TSLA TSLA, we notice a put option sweep that happens to be bearish, expiring in 1 day(s) on June 2, 2023. This event was a transfer of 475 contract(s) at a $200.00 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 $29.6K, with a price of $62.0 per contract. There were 11463 open contracts at this strike prior to today, and today 60703 contract(s) were bought and sold.
• Regarding RIVN RIVN, we observe a call option sweep with bullish sentiment. It expires in 50 day(s) on July 21, 2023. Parties traded 500 contract(s) at a $17.50 strike. This particular call needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was $34.0K, with a price of $68.0 per contract. There were 12754 open contracts at this strike prior to today, and today 7470 contract(s) were bought and sold.
• For LCID LCID, we notice a call option sweep that happens to be bullish, expiring in 50 day(s) on July 21, 2023. This event was a transfer of 1000 contract(s) at a $8.00 strike. This particular call needed to be split into 13 different trades to become filled. The total cost received by the writing party (or parties) was $39.0K, with a price of $39.0 per contract. There were 456 open contracts at this strike prior to today, and today 6434 contract(s) were bought and sold.
• Regarding CCL CCL, we observe a call option trade with bullish sentiment. It expires in 50 day(s) on July 21, 2023. Parties traded 1000 contract(s) at a $14.00 strike. The total cost received by the writing party (or parties) was $30.0K, with a price of $30.0 per contract. There were 29802 open contracts at this strike prior to today, and today 6158 contract(s) were bought and sold.
• Regarding XPEV XPEV, we observe a call option trade with bullish sentiment. It expires in 50 day(s) on July 21, 2023. Parties traded 1000 contract(s) at a $9.00 strike. The total cost received by the writing party (or parties) was $47.0K, with a price of $47.0 per contract. There were 8397 open contracts at this strike prior to today, and today 5010 contract(s) were bought and sold.
• Regarding WYNN WYNN, we observe a call option sweep with bullish sentiment. It expires in 50 day(s) on July 21, 2023. Parties traded 64 contract(s) at a $100.00 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 $32.9K, with a price of $515.0 per contract. There were 631 open contracts at this strike prior to today, and today 4390 contract(s) were bought and sold.
• Regarding SONO SONO, we observe a call option sweep with bearish sentiment. It expires in 15 day(s) on June 16, 2023. Parties traded 1000 contract(s) at a $15.00 strike. This particular call needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $26.0K, with a price of $26.0 per contract. There were 3608 open contracts at this strike prior to today, and today 1092 contract(s) were bought and sold.
• Regarding GES GES, we observe a call option sweep with bearish sentiment. It expires in 50 day(s) on July 21, 2023. Parties traded 500 contract(s) at a $19.00 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 $50.0K, with a price of $100.0 per contract. There were 1728 open contracts at this strike prior to today, and today 1002 contract(s) were bought and sold.
• For ZUMZ ZUMZ, we notice a call option sweep that happens to be bullish, expiring in 15 day(s) on June 16, 2023. This event was a transfer of 996 contract(s) at a $17.50 strike. This particular call needed to be split into 24 different trades to become filled. The total cost received by the writing party (or parties) was $44.6K, with a price of $45.0 per contract. There were 38 open contracts at this strike prior to today, and today 999 contract(s) were bought and sold.
• For FIVE FIVE, we notice a put option sweep that happens to be bearish, expiring in 8 day(s) on June 9, 2023. This event was a transfer of 131 contract(s) at a $155.00 strike. This particular put needed to be split into 24 different trades to become filled. The total cost received by the writing party (or parties) was $53.7K, with a price of $410.0 per contract. There were 7 open contracts at this strike prior to today, and today 893 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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