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.

Here's the list of options activity happening in today's session:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
TSLA PUT SWEEP BULLISH 07/07/23 $275.00 $82.2K 10.2K 97.0K
NIO CALL SWEEP BULLISH 01/17/25 $12.50 $118.2K 12.9K 6.7K
CVNA CALL SWEEP BULLISH 11/17/23 $40.00 $34.0K 1.2K 1.8K
RIVN CALL SWEEP BEARISH 08/18/23 $17.50 $26.7K 13.7K 1.7K
GRBK PUT TRADE NEUTRAL 02/16/24 $45.00 $144.0K 0 400
DUOL CALL SWEEP BEARISH 08/18/23 $150.00 $40.1K 240 101
ULTA PUT TRADE BULLISH 01/17/25 $370.00 $30.5K 171 77
RH PUT TRADE NEUTRAL 09/15/23 $310.00 $25.9K 447 66
BKNG CALL SWEEP BULLISH 07/14/23 $2650.00 $27.0K 10 63
F CALL SWEEP BEARISH 06/21/24 $15.00 $160.7K 8.1K 59

Explanation

These itemized elaborations have been created using the accompanying table.

• Regarding TSLA TSLA, we observe a put option sweep with bullish sentiment. It expires in 1 day(s) on July 7, 2023. Parties traded 315 contract(s) at a $275.00 strike. This particular put needed to be split into 16 different trades to become filled. The total cost received by the writing party (or parties) was $82.2K, with a price of $261.0 per contract. There were 10259 open contracts at this strike prior to today, and today 97053 contract(s) were bought and sold.

• Regarding NIO NIO, we observe a call option sweep with bullish sentiment. It expires in 561 day(s) on January 17, 2025. Parties traded 473 contract(s) at a $12.50 strike. This particular call needed to be split into 16 different trades to become filled. The total cost received by the writing party (or parties) was $118.2K, with a price of $250.0 per contract. There were 12921 open contracts at this strike prior to today, and today 6794 contract(s) were bought and sold.

• For CVNA CVNA, we notice a call option sweep that happens to be bullish, expiring in 134 day(s) on November 17, 2023. This event was a transfer of 100 contract(s) at a $40.00 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 $34.0K, with a price of $340.0 per contract. There were 1272 open contracts at this strike prior to today, and today 1838 contract(s) were bought and sold.

• For RIVN RIVN, we notice a call option sweep that happens to be bearish, expiring in 43 day(s) on August 18, 2023. This event was a transfer of 60 contract(s) at a $17.50 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $26.7K, with a price of $445.0 per contract. There were 13774 open contracts at this strike prior to today, and today 1736 contract(s) were bought and sold.

• For GRBK GRBK, we notice a put option trade that happens to be neutral, expiring in 225 day(s) on February 16, 2024. This event was a transfer of 400 contract(s) at a $45.00 strike. The total cost received by the writing party (or parties) was $144.0K, with a price of $360.0 per contract. There were 0 open contracts at this strike prior to today, and today 400 contract(s) were bought and sold.

• Regarding DUOL DUOL, we observe a call option sweep with bearish sentiment. It expires in 43 day(s) on August 18, 2023. Parties traded 94 contract(s) at a $150.00 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 $40.1K, with a price of $420.0 per contract. There were 240 open contracts at this strike prior to today, and today 101 contract(s) were bought and sold.

• Regarding ULTA ULTA, we observe a put option trade with bullish sentiment. It expires in 561 day(s) on January 17, 2025. Parties traded 13 contract(s) at a $370.00 strike. The total cost received by the writing party (or parties) was $30.5K, with a price of $2350.0 per contract. There were 171 open contracts at this strike prior to today, and today 77 contract(s) were bought and sold.

• Regarding RH RH, we observe a put option trade with neutral sentiment. It expires in 71 day(s) on September 15, 2023. Parties traded 15 contract(s) at a $310.00 strike. The total cost received by the writing party (or parties) was $25.9K, with a price of $1730.0 per contract. There were 447 open contracts at this strike prior to today, and today 66 contract(s) were bought and sold.

• Regarding BKNG BKNG, we observe a call option sweep with bullish sentiment. It expires in 8 day(s) on July 14, 2023. Parties traded 6 contract(s) at a $2650.00 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $27.0K, with a price of $4500.0 per contract. There were 10 open contracts at this strike prior to today, and today 63 contract(s) were bought and sold.

• Regarding F F, we observe a call option sweep with bearish sentiment. It expires in 351 day(s) on June 21, 2024. Parties traded 800 contract(s) at a $15.00 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 $160.7K, with a price of $201.0 per contract. There were 8139 open contracts at this strike prior to today, and today 59 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.

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