10 Consumer Discretionary Stocks Whale Activity In Today's Session

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:

Explanation

These itemized elaborations have been created using the accompanying table.

• Regarding TSLA TSLA, we observe a put option sweep with bearish sentiment. It expires in 4 day(s) on September 29, 2023. Parties traded 200 contract(s) at a $240.00 strike. This particular put needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $69.0K, with a price of $345.0 per contract. There were 10758 open contracts at this strike prior to today, and today 56213 contract(s) were bought and sold.

• For CVNA CVNA, we notice a put option sweep that happens to be bearish, expiring in 4 day(s) on September 29, 2023. This event was a transfer of 500 contract(s) at a $37.00 strike. This particular put needed to be split into 28 different trades to become filled. The total cost received by the writing party (or parties) was $28.6K, with a price of $58.0 per contract. There were 3404 open contracts at this strike prior to today, and today 7852 contract(s) were bought and sold.

• Regarding GME GME, we observe a call option sweep with bearish sentiment. It expires in 270 day(s) on June 21, 2024. Parties traded 233 contract(s) at a $20.00 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 $74.4K, with a price of $320.0 per contract. There were 1711 open contracts at this strike prior to today, and today 1440 contract(s) were bought and sold.

• For DRI DRI, we notice a put option sweep that happens to be bearish, expiring in 53 day(s) on November 17, 2023. This event was a transfer of 55 contract(s) at a $150.00 strike. This particular put needed to be split into 19 different trades to become filled. The total cost received by the writing party (or parties) was $50.4K, with a price of $917.0 per contract. There were 49 open contracts at this strike prior to today, and today 388 contract(s) were bought and sold.

• Regarding GM GM, we observe a put option sweep with bullish sentiment. It expires in 480 day(s) on January 17, 2025. Parties traded 67 contract(s) at a $35.00 strike. This particular put needed to be split into 15 different trades to become filled. The total cost received by the writing party (or parties) was $35.8K, with a price of $535.0 per contract. There were 12487 open contracts at this strike prior to today, and today 339 contract(s) were bought and sold.

• Regarding RIVN RIVN, we observe a put option sweep with bullish sentiment. It expires in 116 day(s) on January 19, 2024. Parties traded 170 contract(s) at a $20.00 strike. This particular put needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $39.9K, with a price of $235.0 per contract. There were 16331 open contracts at this strike prior to today, and today 266 contract(s) were bought and sold.

• Regarding TOL TOL, we observe a call option sweep with bearish sentiment. It expires in 480 day(s) on January 17, 2025. Parties traded 191 contract(s) at a $115.00 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 $48.7K, with a price of $255.0 per contract. There were 29 open contracts at this strike prior to today, and today 191 contract(s) were bought and sold.

• For BBY BBY, we notice a call option sweep that happens to be bullish, expiring in 270 day(s) on June 21, 2024. This event was a transfer of 189 contract(s) at a $75.00 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 $103.9K, with a price of $550.0 per contract. There were 248 open contracts at this strike prior to today, and today 189 contract(s) were bought and sold.

• For CZR CZR, we notice a call option sweep that happens to be bearish, expiring in 53 day(s) on November 17, 2023. This event was a transfer of 147 contract(s) at a $50.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $27.7K, with a price of $190.0 per contract. There were 1063 open contracts at this strike prior to today, and today 174 contract(s) were bought and sold.

• For RRGB RRGB, we notice a call option sweep that happens to be bullish, expiring in 172 day(s) on March 15, 2024. This event was a transfer of 135 contract(s) at a $7.50 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 $26.3K, with a price of $195.0 per contract. There were 5 open contracts at this strike prior to today, and today 151 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.