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 will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated 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 | CALL | SWEEP | BEARISH | 07/14/23 | $285.00 | $42.6K | 22.9K | 230.4K |
| MAT | CALL | TRADE | BEARISH | 07/21/23 | $21.00 | $34.0K | 4.9K | 2.7K |
| CVNA | CALL | SWEEP | BULLISH | 07/28/23 | $38.00 | $324.5K | 232 | 2.1K |
| DKNG | CALL | SWEEP | BULLISH | 08/18/23 | $30.00 | $27.9K | 24.4K | 1.1K |
| NKE | CALL | SWEEP | BULLISH | 09/15/23 | $115.00 | $30.6K | 5.8K | 462 |
| LI | PUT | TRADE | BEARISH | 01/17/25 | $27.00 | $44.0K | 351 | 334 |
| RH | PUT | SWEEP | BULLISH | 07/21/23 | $370.00 | $26.7K | 168 | 269 |
| YUM | PUT | TRADE | BULLISH | 08/18/23 | $130.00 | $28.0K | 196 | 234 |
| RIVN | CALL | TRADE | NEUTRAL | 07/14/23 | $14.00 | $50.6K | 843 | 108 |
| RCL | CALL | SWEEP | BEARISH | 08/18/23 | $95.00 | $37.8K | 886 | 90 |
Explanation
These itemized elaborations have been created using the accompanying table.
• For TSLA TSLA, we notice a call option sweep that happens to be bearish, is expiring today. Parties traded 550 contract(s) at a $285.00 strike. This particular call needed to be split into 21 different trades to become filled. The total cost received by the writing party (or parties) was $42.6K, with a price of $76.0 per contract. There were 22951 open contracts at this strike prior to today, and today 230440 contract(s) were bought and sold.
• For MAT MAT, we notice a call option trade that happens to be bearish, expiring in 7 day(s) on July 21, 2023. This event was a transfer of 487 contract(s) at a $21.00 strike. The total cost received by the writing party (or parties) was $34.0K, with a price of $70.0 per contract. There were 4900 open contracts at this strike prior to today, and today 2786 contract(s) were bought and sold.
• For CVNA CVNA, we notice a call option sweep that happens to be bullish, expiring in 14 day(s) on July 28, 2023. This event was a transfer of 800 contract(s) at a $38.00 strike. This particular call needed to be split into 45 different trades to become filled. The total cost received by the writing party (or parties) was $324.5K, with a price of $410.0 per contract. There were 232 open contracts at this strike prior to today, and today 2155 contract(s) were bought and sold.
• For DKNG DKNG, we notice a call option sweep that happens to be bullish, expiring in 35 day(s) on August 18, 2023. This event was a transfer of 100 contract(s) at a $30.00 strike. This particular call needed to be split into 18 different trades to become filled. The total cost received by the writing party (or parties) was $27.9K, with a price of $279.0 per contract. There were 24402 open contracts at this strike prior to today, and today 1189 contract(s) were bought and sold.
• For NKE NKE, we notice a call option sweep that happens to be bullish, expiring in 63 day(s) on September 15, 2023. This event was a transfer of 200 contract(s) at a $115.00 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 $30.6K, with a price of $153.0 per contract. There were 5861 open contracts at this strike prior to today, and today 462 contract(s) were bought and sold.
• For LI LI, we notice a put option trade that happens to be bearish, expiring in 553 day(s) on January 17, 2025. This event was a transfer of 100 contract(s) at a $27.00 strike. The total cost received by the writing party (or parties) was $44.0K, with a price of $440.0 per contract. There were 351 open contracts at this strike prior to today, and today 334 contract(s) were bought and sold.
• For RH RH, we notice a put option sweep that happens to be bullish, expiring in 7 day(s) on July 21, 2023. This event was a transfer of 50 contract(s) at a $370.00 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 $26.7K, with a price of $534.0 per contract. There were 168 open contracts at this strike prior to today, and today 269 contract(s) were bought and sold.
• Regarding YUM YUM, we observe a put option trade with bullish sentiment. It expires in 35 day(s) on August 18, 2023. Parties traded 230 contract(s) at a $130.00 strike. The total cost received by the writing party (or parties) was $28.0K, with a price of $122.0 per contract. There were 196 open contracts at this strike prior to today, and today 234 contract(s) were bought and sold.
• For RIVN RIVN, we notice a call option trade that happens to be neutral, is expiring today. Parties traded 46 contract(s) at a $14.00 strike. The total cost received by the writing party (or parties) was $50.6K, with a price of $1100.0 per contract. There were 843 open contracts at this strike prior to today, and today 108 contract(s) were bought and sold.
• Regarding RCL RCL, we observe a call option sweep with bearish sentiment. It expires in 35 day(s) on August 18, 2023. Parties traded 56 contract(s) at a $95.00 strike. This particular call needed to be split into 8 different trades to become filled. The total cost received by the writing party (or parties) was $37.8K, with a price of $675.0 per contract. There were 886 open contracts at this strike prior to today, and today 90 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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