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 | PUT | TRADE | BULLISH | 09/08/23 | $250.00 | $30.0K | 17.2K | 191.4K |
CBRL | PUT | TRADE | BULLISH | 09/15/23 | $70.00 | $184.6K | 181 | 4.0K |
DKNG | CALL | SWEEP | BEARISH | 09/15/23 | $30.00 | $241.7K | 9.5K | 3.8K |
LVS | PUT | SWEEP | BULLISH | 09/15/23 | $55.00 | $101.7K | 15.7K | 2.1K |
NKE | PUT | TRADE | BEARISH | 01/19/24 | $85.00 | $321.0K | 4.5K | 2.0K |
CVNA | CALL | SWEEP | BEARISH | 09/15/23 | $50.00 | $125.0K | 5.4K | 1.7K |
EXPE | CALL | TRADE | NEUTRAL | 09/08/23 | $107.00 | $155.4K | 718 | 699 |
ANF | PUT | SWEEP | BULLISH | 11/17/23 | $55.00 | $96.8K | 186 | 341 |
RL | PUT | SWEEP | NEUTRAL | 10/20/23 | $115.00 | $38.9K | 627 | 179 |
GM | PUT | SWEEP | BULLISH | 06/20/25 | $32.00 | $71.5K | 1.7K | 172 |
Explanation
These itemized elaborations have been created using the accompanying table.
• For TSLA TSLA, we notice a put option trade that happens to be bullish, is expiring today. Parties traded 100 contract(s) at a $250.00 strike. The total cost received by the writing party (or parties) was $30.0K, with a price of $300.0 per contract. There were 17212 open contracts at this strike prior to today, and today 191487 contract(s) were bought and sold.
• Regarding CBRL CBRL, we observe a put option trade with bullish sentiment. It expires in 7 day(s) on September 15, 2023. Parties traded 2840 contract(s) at a $70.00 strike. The total cost received by the writing party (or parties) was $184.6K, with a price of $65.0 per contract. There were 181 open contracts at this strike prior to today, and today 4032 contract(s) were bought and sold.
• Regarding DKNG DKNG, we observe a call option sweep with bearish sentiment. It expires in 7 day(s) on September 15, 2023. Parties traded 1155 contract(s) at a $30.00 strike. This particular call needed to be split into 53 different trades to become filled. The total cost received by the writing party (or parties) was $241.7K, with a price of $210.0 per contract. There were 9597 open contracts at this strike prior to today, and today 3825 contract(s) were bought and sold.
• Regarding LVS LVS, we observe a put option sweep with bullish sentiment. It expires in 7 day(s) on September 15, 2023. Parties traded 159 contract(s) at a $55.00 strike. This particular put needed to be split into 8 different trades to become filled. The total cost received by the writing party (or parties) was $101.7K, with a price of $640.0 per contract. There were 15782 open contracts at this strike prior to today, and today 2138 contract(s) were bought and sold.
• For NKE NKE, we notice a put option trade that happens to be bearish, expiring in 133 day(s) on January 19, 2024. This event was a transfer of 1500 contract(s) at a $85.00 strike. The total cost received by the writing party (or parties) was $321.0K, with a price of $214.0 per contract. There were 4599 open contracts at this strike prior to today, and today 2033 contract(s) were bought and sold.
• For CVNA CVNA, we notice a call option sweep that happens to be bearish, expiring in 7 day(s) on September 15, 2023. This event was a transfer of 1000 contract(s) at a $50.00 strike. This particular call needed to be split into 12 different trades to become filled. The total cost received by the writing party (or parties) was $125.0K, with a price of $125.0 per contract. There were 5409 open contracts at this strike prior to today, and today 1745 contract(s) were bought and sold.
• For EXPE EXPE, we notice a call option trade that happens to be neutral, is expiring today. Parties traded 627 contract(s) at a $107.00 strike. The total cost received by the writing party (or parties) was $155.4K, with a price of $248.0 per contract. There were 718 open contracts at this strike prior to today, and today 699 contract(s) were bought and sold.
• For ANF ANF, we notice a put option sweep that happens to be bullish, expiring in 70 day(s) on November 17, 2023. This event was a transfer of 242 contract(s) at a $55.00 strike. This particular put needed to be split into 25 different trades to become filled. The total cost received by the writing party (or parties) was $96.8K, with a price of $400.0 per contract. There were 186 open contracts at this strike prior to today, and today 341 contract(s) were bought and sold.
• Regarding RL RL, we observe a put option sweep with neutral sentiment. It expires in 42 day(s) on October 20, 2023. Parties traded 132 contract(s) at a $115.00 strike. This particular put needed to be split into 14 different trades to become filled. The total cost received by the writing party (or parties) was $38.9K, with a price of $295.0 per contract. There were 627 open contracts at this strike prior to today, and today 179 contract(s) were bought and sold.
• For GM GM, we notice a put option sweep that happens to be bullish, expiring in 651 day(s) on June 20, 2025. This event was a transfer of 159 contract(s) at a $32.00 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 $71.5K, with a price of $450.0 per contract. There were 1751 open contracts at this strike prior to today, and today 172 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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