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 TRADE NEUTRAL 06/30/23 $260.00 $29.1K 28.1K 171.1K
RIVN CALL TRADE BEARISH 07/21/23 $17.50 $44.8K 116.3K 48.7K
OSTK CALL SWEEP BULLISH 07/07/23 $30.00 $26.8K 674 2.3K
GES PUT SWEEP BEARISH 01/19/24 $11.00 $48.4K 0 1.6K
F CALL TRADE BEARISH 12/15/23 $15.00 $26.4K 18.6K 1.0K
DKS PUT SWEEP NEUTRAL 06/30/23 $134.00 $35.2K 281 859
DASH PUT SWEEP BULLISH 08/18/23 $60.00 $38.5K 10.1K 632
LVS PUT SWEEP BEARISH 01/19/24 $67.50 $27.2K 487 399
RCL CALL TRADE BEARISH 01/19/24 $100.00 $117.0K 2.6K 179
HD CALL TRADE BULLISH 08/18/23 $315.00 $28.8K 1.4K 142

Explanation

These itemized elaborations have been created using the accompanying table.

• For TSLA TSLA, we notice a call option trade that happens to be neutral, expiring in 1 day(s) on June 30, 2023. This event was a transfer of 143 contract(s) at a $260.00 strike. The total cost received by the writing party (or parties) was $29.1K, with a price of $204.0 per contract. There were 28157 open contracts at this strike prior to today, and today 171103 contract(s) were bought and sold.

• For RIVN RIVN, we notice a call option trade that happens to be bearish, expiring in 22 day(s) on July 21, 2023. This event was a transfer of 846 contract(s) at a $17.50 strike. The total cost received by the writing party (or parties) was $44.8K, with a price of $53.0 per contract. There were 116398 open contracts at this strike prior to today, and today 48705 contract(s) were bought and sold.

• Regarding OSTK OSTK, we observe a call option sweep with bullish sentiment. It expires in 8 day(s) on July 7, 2023. Parties traded 134 contract(s) at a $30.00 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 $26.8K, with a price of $200.0 per contract. There were 674 open contracts at this strike prior to today, and today 2305 contract(s) were bought and sold.

• For GES GES, we notice a put option sweep that happens to be bearish, expiring in 204 day(s) on January 19, 2024. This event was a transfer of 1615 contract(s) at a $11.00 strike. This particular put needed to be split into 36 different trades to become filled. The total cost received by the writing party (or parties) was $48.4K, with a price of $30.0 per contract. There were 0 open contracts at this strike prior to today, and today 1615 contract(s) were bought and sold.

• For F F, we notice a call option trade that happens to be bearish, expiring in 169 day(s) on December 15, 2023. This event was a transfer of 200 contract(s) at a $15.00 strike. The total cost received by the writing party (or parties) was $26.4K, with a price of $132.0 per contract. There were 18659 open contracts at this strike prior to today, and today 1043 contract(s) were bought and sold.

• For DKS DKS, we notice a put option sweep that happens to be neutral, expiring in 1 day(s) on June 30, 2023. This event was a transfer of 265 contract(s) at a $134.00 strike. This particular put needed to be split into 28 different trades to become filled. The total cost received by the writing party (or parties) was $35.2K, with a price of $135.0 per contract. There were 281 open contracts at this strike prior to today, and today 859 contract(s) were bought and sold.

• For DASH DASH, we notice a put option sweep that happens to be bullish, expiring in 50 day(s) on August 18, 2023. This event was a transfer of 621 contract(s) at a $60.00 strike. This particular put needed to be split into 35 different trades to become filled. The total cost received by the writing party (or parties) was $38.5K, with a price of $62.0 per contract. There were 10106 open contracts at this strike prior to today, and today 632 contract(s) were bought and sold.

• Regarding LVS LVS, we observe a put option sweep with bearish sentiment. It expires in 204 day(s) on January 19, 2024. Parties traded 25 contract(s) at a $67.50 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 $27.2K, with a price of $1090.0 per contract. There were 487 open contracts at this strike prior to today, and today 399 contract(s) were bought and sold.

• Regarding RCL RCL, we observe a call option trade with bearish sentiment. It expires in 204 day(s) on January 19, 2024. Parties traded 78 contract(s) at a $100.00 strike. The total cost received by the writing party (or parties) was $117.0K, with a price of $1500.0 per contract. There were 2641 open contracts at this strike prior to today, and today 179 contract(s) were bought and sold.

• Regarding HD HD, we observe a call option trade with bullish sentiment. It expires in 50 day(s) on August 18, 2023. Parties traded 40 contract(s) at a $315.00 strike. The total cost received by the writing party (or parties) was $28.8K, with a price of $720.0 per contract. There were 1443 open contracts at this strike prior to today, and today 142 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.

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