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 | CALL | TRADE | BULLISH | 07/28/23 | $265.00 | $38.4K | 8.5K | 60.1K |
RIVN | CALL | SWEEP | BULLISH | 09/15/23 | $40.00 | $34.0K | 32.0K | 8.3K |
NIO | CALL | SWEEP | BULLISH | 08/18/23 | $11.00 | $47.9K | 17.7K | 3.7K |
F | PUT | SWEEP | BEARISH | 07/28/23 | $13.50 | $45.2K | 9.0K | 3.3K |
CVNA | CALL | SWEEP | BULLISH | 07/28/23 | $45.50 | $90.0K | 921 | 1.6K |
TPR | PUT | SWEEP | BULLISH | 08/11/23 | $45.00 | $57.1K | 1.0K | 1.0K |
BBY | CALL | SWEEP | BEARISH | 09/15/23 | $87.50 | $85.4K | 705 | 783 |
SBUX | PUT | SWEEP | NEUTRAL | 08/18/23 | $100.00 | $81.6K | 7.8K | 435 |
CROX | CALL | TRADE | BULLISH | 08/18/23 | $130.00 | $102.0K | 3.2K | 370 |
GM | CALL | SWEEP | BEARISH | 09/01/23 | $40.00 | $64.6K | 151 | 318 |
Explanation
These itemized elaborations have been created using the accompanying table.
• For TSLA TSLA, we notice a call option trade that happens to be bullish, expiring in 2 day(s) on July 28, 2023. This event was a transfer of 100 contract(s) at a $265.00 strike. The total cost received by the writing party (or parties) was $38.4K, with a price of $384.0 per contract. There were 8533 open contracts at this strike prior to today, and today 60173 contract(s) were bought and sold.
• Regarding RIVN RIVN, we observe a call option sweep with bullish sentiment. It expires in 51 day(s) on September 15, 2023. Parties traded 500 contract(s) at a $40.00 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 $34.0K, with a price of $68.0 per contract. There were 32088 open contracts at this strike prior to today, and today 8397 contract(s) were bought and sold.
• For NIO NIO, we notice a call option sweep that happens to be bullish, expiring in 23 day(s) on August 18, 2023. This event was a transfer of 200 contract(s) at a $11.00 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 $47.9K, with a price of $239.0 per contract. There were 17721 open contracts at this strike prior to today, and today 3758 contract(s) were bought and sold.
• Regarding F F, we observe a put option sweep with bearish sentiment. It expires in 2 day(s) on July 28, 2023. Parties traded 1740 contract(s) at a $13.50 strike. This particular put needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $45.2K, with a price of $26.0 per contract. There were 9092 open contracts at this strike prior to today, and today 3338 contract(s) were bought and sold.
• Regarding CVNA CVNA, we observe a call option sweep with bullish sentiment. It expires in 2 day(s) on July 28, 2023. Parties traded 500 contract(s) at a $45.50 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 $90.0K, with a price of $180.0 per contract. There were 921 open contracts at this strike prior to today, and today 1672 contract(s) were bought and sold.
• For TPR TPR, we notice a put option sweep that happens to be bullish, expiring in 16 day(s) on August 11, 2023. This event was a transfer of 200 contract(s) at a $45.00 strike. This particular put needed to be split into 11 different trades to become filled. The total cost received by the writing party (or parties) was $57.1K, with a price of $287.0 per contract. There were 1000 open contracts at this strike prior to today, and today 1000 contract(s) were bought and sold.
• Regarding BBY BBY, we observe a call option sweep with bearish sentiment. It expires in 51 day(s) on September 15, 2023. Parties traded 350 contract(s) at a $87.50 strike. This particular call needed to be split into 22 different trades to become filled. The total cost received by the writing party (or parties) was $85.4K, with a price of $244.0 per contract. There were 705 open contracts at this strike prior to today, and today 783 contract(s) were bought and sold.
• For SBUX SBUX, we notice a put option sweep that happens to be neutral, expiring in 23 day(s) on August 18, 2023. This event was a transfer of 350 contract(s) at a $100.00 strike. This particular put needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $81.6K, with a price of $233.0 per contract. There were 7896 open contracts at this strike prior to today, and today 435 contract(s) were bought and sold.
• Regarding CROX CROX, we observe a call option trade with bullish sentiment. It expires in 23 day(s) on August 18, 2023. Parties traded 300 contract(s) at a $130.00 strike. The total cost received by the writing party (or parties) was $102.0K, with a price of $340.0 per contract. There were 3231 open contracts at this strike prior to today, and today 370 contract(s) were bought and sold.
• For GM GM, we notice a call option sweep that happens to be bearish, expiring in 37 day(s) on September 1, 2023. This event was a transfer of 1114 contract(s) at a $40.00 strike. This particular call needed to be split into 30 different trades to become filled. The total cost received by the writing party (or parties) was $64.6K, with a price of $58.0 per contract. There were 151 open contracts at this strike prior to today, and today 318 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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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