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 | 09/15/23 | $270.00 | $31.0K | 19.9K | 121.8K |
VFC | CALL | SWEEP | BEARISH | 02/16/24 | $12.50 | $82.8K | 5.3K | 4.1K |
RIVN | CALL | SWEEP | BULLISH | 10/20/23 | $27.50 | $42.8K | 10.8K | 1.1K |
PLAY | PUT | SWEEP | BEARISH | 09/15/23 | $35.00 | $74.8K | 3.5K | 1.1K |
XPEV | PUT | TRADE | BEARISH | 01/17/25 | $10.00 | $35.5K | 694 | 213 |
DKNG | PUT | SWEEP | NEUTRAL | 09/15/23 | $35.00 | $34.9K | 294 | 116 |
ROST | PUT | TRADE | BULLISH | 01/17/25 | $125.00 | $143.0K | 36 | 100 |
CHWY | CALL | SWEEP | BULLISH | 01/17/25 | $22.50 | $41.8K | 190 | 81 |
LULU | PUT | SWEEP | BULLISH | 12/15/23 | $410.00 | $70.3K | 324 | 45 |
ULTA | PUT | TRADE | BULLISH | 06/21/24 | $510.00 | $57.4K | 27 | 14 |
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 4 day(s) on September 15, 2023. This event was a transfer of 42 contract(s) at a $270.00 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 $31.0K, with a price of $740.0 per contract. There were 19972 open contracts at this strike prior to today, and today 121827 contract(s) were bought and sold.
• For VFC VFC, we notice a call option sweep that happens to be bearish, expiring in 158 day(s) on February 16, 2024. This event was a transfer of 138 contract(s) at a $12.50 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 $82.8K, with a price of $600.0 per contract. There were 5370 open contracts at this strike prior to today, and today 4127 contract(s) were bought and sold.
• For RIVN RIVN, we notice a call option sweep that happens to be bullish, expiring in 39 day(s) on October 20, 2023. This event was a transfer of 578 contract(s) at a $27.50 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 $42.8K, with a price of $74.0 per contract. There were 10847 open contracts at this strike prior to today, and today 1184 contract(s) were bought and sold.
• For PLAY PLAY, we notice a put option sweep that happens to be bearish, expiring in 4 day(s) on September 15, 2023. This event was a transfer of 998 contract(s) at a $35.00 strike. This particular put needed to be split into 13 different trades to become filled. The total cost received by the writing party (or parties) was $74.8K, with a price of $75.0 per contract. There were 3550 open contracts at this strike prior to today, and today 1117 contract(s) were bought and sold.
• Regarding XPEV XPEV, we observe a put option trade with bearish sentiment. It expires in 494 day(s) on January 17, 2025. Parties traded 213 contract(s) at a $10.00 strike. The total cost received by the writing party (or parties) was $35.5K, with a price of $167.0 per contract. There were 694 open contracts at this strike prior to today, and today 213 contract(s) were bought and sold.
• Regarding DKNG DKNG, we observe a put option sweep with neutral sentiment. It expires in 4 day(s) on September 15, 2023. Parties traded 106 contract(s) at a $35.00 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 $34.9K, with a price of $330.0 per contract. There were 294 open contracts at this strike prior to today, and today 116 contract(s) were bought and sold.
• For ROST ROST, we notice a put option trade that happens to be bullish, expiring in 494 day(s) on January 17, 2025. This event was a transfer of 100 contract(s) at a $125.00 strike. The total cost received by the writing party (or parties) was $143.0K, with a price of $1430.0 per contract. There were 36 open contracts at this strike prior to today, and today 100 contract(s) were bought and sold.
• Regarding CHWY CHWY, we observe a call option sweep with bullish sentiment. It expires in 494 day(s) on January 17, 2025. Parties traded 67 contract(s) at a $22.50 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 $41.8K, with a price of $625.0 per contract. There were 190 open contracts at this strike prior to today, and today 81 contract(s) were bought and sold.
• For LULU LULU, we notice a put option sweep that happens to be bullish, expiring in 95 day(s) on December 15, 2023. This event was a transfer of 26 contract(s) at a $410.00 strike. This particular put needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $70.3K, with a price of $2705.0 per contract. There were 324 open contracts at this strike prior to today, and today 45 contract(s) were bought and sold.
• Regarding ULTA ULTA, we observe a put option trade with bullish sentiment. It expires in 284 day(s) on June 21, 2024. Parties traded 6 contract(s) at a $510.00 strike. The total cost received by the writing party (or parties) was $57.4K, with a price of $9580.0 per contract. There were 27 open contracts at this strike prior to today, and today 14 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.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.