10 Consumer Discretionary Stocks Whale Activity In Today's Session

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:

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 neutral, is expiring today. Parties traded 376 contract(s) at a $247.50 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 $51.8K, with a price of $138.0 per contract. There were 5430 open contracts at this strike prior to today, and today 53818 contract(s) were bought and sold.

• For RIVN RIVN, we notice a call option sweep that happens to be bullish, expiring in 42 day(s) on July 21, 2023. This event was a transfer of 581 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 $27.9K, with a price of $48.0 per contract. There were 85687 open contracts at this strike prior to today, and today 18009 contract(s) were bought and sold.

• Regarding CVNA CVNA, we observe a call option sweep with bearish sentiment. It expires in 42 day(s) on July 21, 2023. Parties traded 348 contract(s) at a $25.00 strike. This particular call needed to be split into 11 different trades to become filled. The total cost received by the writing party (or parties) was $113.5K, with a price of $338.0 per contract. There were 3980 open contracts at this strike prior to today, and today 6875 contract(s) were bought and sold.

• Regarding ARMK ARMK, we observe a put option trade with bearish sentiment. It expires in 42 day(s) on July 21, 2023. Parties traded 1598 contract(s) at a $35.00 strike. The total cost received by the writing party (or parties) was $31.9K, with a price of $20.0 per contract. There were 499 open contracts at this strike prior to today, and today 2005 contract(s) were bought and sold.

• For KMX KMX, we notice a put option sweep that happens to be bearish, expiring in 21 day(s) on June 30, 2023. This event was a transfer of 126 contract(s) at a $78.00 strike. This particular put needed to be split into 12 different trades to become filled. The total cost received by the writing party (or parties) was $50.9K, with a price of $403.0 per contract. There were 2 open contracts at this strike prior to today, and today 1412 contract(s) were bought and sold.

• Regarding LULU LULU, we observe a call option sweep with bearish sentiment. It expires in 7 day(s) on June 16, 2023. Parties traded 50 contract(s) at a $355.00 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 $36.0K, with a price of $720.0 per contract. There were 259 open contracts at this strike prior to today, and today 502 contract(s) were bought and sold.

• Regarding PHM PHM, we observe a call option sweep with bullish sentiment. It expires in 7 day(s) on June 16, 2023. Parties traded 424 contract(s) at a $73.00 strike. This particular call needed to be split into 11 different trades to become filled. The total cost received by the writing party (or parties) was $25.4K, with a price of $60.0 per contract. There were 10 open contracts at this strike prior to today, and today 424 contract(s) were bought and sold.

• For LVS LVS, we notice a put option sweep that happens to be bearish, expiring in 189 day(s) on December 15, 2023. This event was a transfer of 84 contract(s) at a $55.00 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 $34.8K, with a price of $415.0 per contract. There were 743 open contracts at this strike prior to today, and today 337 contract(s) were bought and sold.

• For EXPE EXPE, we notice a call option trade that happens to be bearish, expiring in 21 day(s) on June 30, 2023. This event was a transfer of 50 contract(s) at a $102.00 strike. The total cost received by the writing party (or parties) was $48.4K, with a price of $970.0 per contract. There were 112 open contracts at this strike prior to today, and today 101 contract(s) were bought and sold.

• Regarding VSCO VSCO, we observe a call option trade with neutral sentiment. It expires in 224 day(s) on January 19, 2024. Parties traded 80 contract(s) at a $17.50 strike. The total cost received by the writing party (or parties) was $32.0K, with a price of $400.0 per contract. There were 124 open contracts at this strike prior to today, and today 81 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.