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.
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 | SWEEP | BULLISH | 07/21/23 | $300.00 | $30.0K | 50.2K | 50.0K |
GOEV | CALL | SWEEP | BULLISH | 01/19/24 | $1.00 | $43.0K | 38.3K | 7.3K |
F | CALL | TRADE | BEARISH | 01/17/25 | $24.35 | $75.0K | 8.2K | 2.7K |
RIVN | CALL | SWEEP | BEARISH | 01/19/24 | $32.50 | $482.7K | 1.2K | 2.5K |
LI | CALL | SWEEP | BEARISH | 07/28/23 | $38.50 | $111.0K | 1.4K | 2.1K |
HZO | PUT | TRADE | BEARISH | 10/20/23 | $30.00 | $138.0K | 523 | 1.3K |
VZIO | CALL | SWEEP | BEARISH | 08/18/23 | $7.00 | $53.8K | 1.0K | 674 |
CVNA | PUT | TRADE | BEARISH | 08/18/23 | $35.00 | $48.0K | 2.3K | 582 |
DASH | PUT | SWEEP | BEARISH | 08/18/23 | $75.00 | $50.4K | 558 | 407 |
W | PUT | SWEEP | BULLISH | 08/18/23 | $60.00 | $25.2K | 1.7K | 173 |
Explanation
These itemized elaborations have been created using the accompanying table.
• For TSLA TSLA, we notice a call option sweep that happens to be bullish, expiring in 3 day(s) on July 21, 2023. This event was a transfer of 40 contract(s) at a $300.00 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 $30.0K, with a price of $750.0 per contract. There were 50223 open contracts at this strike prior to today, and today 50024 contract(s) were bought and sold.
• For GOEV GOEV, we notice a call option sweep that happens to be bullish, expiring in 185 day(s) on January 19, 2024. This event was a transfer of 1720 contract(s) at a $1.00 strike. This particular call needed to be split into 26 different trades to become filled. The total cost received by the writing party (or parties) was $43.0K, with a price of $25.0 per contract. There were 38383 open contracts at this strike prior to today, and today 7392 contract(s) were bought and sold.
• For F F, we notice a call option trade that happens to be bearish, expiring in 549 day(s) on January 17, 2025. This event was a transfer of 2500 contract(s) at a $24.35 strike. The total cost received by the writing party (or parties) was $75.0K, with a price of $30.0 per contract. There were 8210 open contracts at this strike prior to today, and today 2713 contract(s) were bought and sold.
• Regarding RIVN RIVN, we observe a call option sweep with bearish sentiment. It expires in 185 day(s) on January 19, 2024. Parties traded 1500 contract(s) at a $32.50 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 $482.7K, with a price of $321.0 per contract. There were 1266 open contracts at this strike prior to today, and today 2519 contract(s) were bought and sold.
• Regarding LI LI, we observe a call option sweep with bearish sentiment. It expires in 10 day(s) on July 28, 2023. Parties traded 1500 contract(s) at a $38.50 strike. This particular call needed to be split into 47 different trades to become filled. The total cost received by the writing party (or parties) was $111.0K, with a price of $74.0 per contract. There were 1464 open contracts at this strike prior to today, and today 2123 contract(s) were bought and sold.
• Regarding HZO HZO, we observe a put option trade with bearish sentiment. It expires in 94 day(s) on October 20, 2023. Parties traded 1200 contract(s) at a $30.00 strike. The total cost received by the writing party (or parties) was $138.0K, with a price of $115.0 per contract. There were 523 open contracts at this strike prior to today, and today 1312 contract(s) were bought and sold.
• For VZIO VZIO, we notice a call option sweep that happens to be bearish, expiring in 31 day(s) on August 18, 2023. This event was a transfer of 672 contract(s) at a $7.00 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 $53.8K, with a price of $80.0 per contract. There were 1060 open contracts at this strike prior to today, and today 674 contract(s) were bought and sold.
• For CVNA CVNA, we notice a put option trade that happens to be bearish, expiring in 31 day(s) on August 18, 2023. This event was a transfer of 100 contract(s) at a $35.00 strike. The total cost received by the writing party (or parties) was $48.0K, with a price of $480.0 per contract. There were 2388 open contracts at this strike prior to today, and today 582 contract(s) were bought and sold.
• Regarding DASH DASH, we observe a put option sweep with bearish sentiment. It expires in 31 day(s) on August 18, 2023. Parties traded 400 contract(s) at a $75.00 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 $50.4K, with a price of $126.0 per contract. There were 558 open contracts at this strike prior to today, and today 407 contract(s) were bought and sold.
• For W W, we notice a put option sweep that happens to be bullish, expiring in 31 day(s) on August 18, 2023. This event was a transfer of 100 contract(s) at a $60.00 strike. This particular put needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was $25.2K, with a price of $253.0 per contract. There were 1769 open contracts at this strike prior to today, and today 173 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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