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.
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 | 11/03/23 | $200.00 | $25.8K | 16.3K | 69.7K |
F | PUT | TRADE | BULLISH | 01/17/25 | $7.35 | $352.0K | 30.2K | 6.4K |
TPR | PUT | TRADE | BEARISH | 01/19/24 | $25.00 | $156.0K | 1.6K | 1.5K |
SKY | PUT | TRADE | BULLISH | 11/17/23 | $55.00 | $76.0K | 41 | 1.0K |
XPEV | PUT | SWEEP | BEARISH | 11/17/23 | $15.00 | $71.0K | 2.3K | 1.0K |
CVNA | PUT | SWEEP | BULLISH | 11/03/23 | $35.00 | $51.8K | 435 | 507 |
CHWY | CALL | SWEEP | BULLISH | 01/19/24 | $20.00 | $50.5K | 5.3K | 467 |
GPS | CALL | SWEEP | BULLISH | 11/03/23 | $11.00 | $67.6K | 925 | 389 |
LOW | PUT | SWEEP | BULLISH | 11/10/23 | $180.00 | $39.4K | 59 | 373 |
DKNG | PUT | TRADE | BEARISH | 02/16/24 | $30.00 | $80.1K | 678 | 322 |
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 November 3, 2023. This event was a transfer of 60 contract(s) at a $200.00 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 $25.8K, with a price of $430.0 per contract. There were 16300 open contracts at this strike prior to today, and today 69784 contract(s) were bought and sold.
• Regarding F F, we observe a put option trade with bullish sentiment. It expires in 444 day(s) on January 17, 2025. Parties traded 6400 contract(s) at a $7.35 strike. The total cost received by the writing party (or parties) was $352.0K, with a price of $55.0 per contract. There were 30255 open contracts at this strike prior to today, and today 6412 contract(s) were bought and sold.
• Regarding TPR TPR, we observe a put option trade with bearish sentiment. It expires in 80 day(s) on January 19, 2024. Parties traded 1500 contract(s) at a $25.00 strike. The total cost received by the writing party (or parties) was $156.0K, with a price of $104.0 per contract. There were 1636 open contracts at this strike prior to today, and today 1505 contract(s) were bought and sold.
• Regarding SKY SKY, we observe a put option trade with bullish sentiment. It expires in 17 day(s) on November 17, 2023. Parties traded 400 contract(s) at a $55.00 strike. The total cost received by the writing party (or parties) was $76.0K, with a price of $190.0 per contract. There were 41 open contracts at this strike prior to today, and today 1051 contract(s) were bought and sold.
• For XPEV XPEV, we notice a put option sweep that happens to be bearish, expiring in 17 day(s) on November 17, 2023. This event was a transfer of 500 contract(s) at a $15.00 strike. This particular put needed to be split into 24 different trades to become filled. The total cost received by the writing party (or parties) was $71.0K, with a price of $142.0 per contract. There were 2397 open contracts at this strike prior to today, and today 1011 contract(s) were bought and sold.
• Regarding CVNA CVNA, we observe a put option sweep with bullish sentiment. It expires in 3 day(s) on November 3, 2023. Parties traded 64 contract(s) at a $35.00 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 $51.8K, with a price of $810.0 per contract. There were 435 open contracts at this strike prior to today, and today 507 contract(s) were bought and sold.
• For CHWY CHWY, we notice a call option sweep that happens to be bullish, expiring in 80 day(s) on January 19, 2024. This event was a transfer of 235 contract(s) at a $20.00 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 $50.5K, with a price of $215.0 per contract. There were 5301 open contracts at this strike prior to today, and today 467 contract(s) were bought and sold.
• Regarding GPS GPS, we observe a call option sweep with bullish sentiment. It expires in 3 day(s) on November 3, 2023. Parties traded 369 contract(s) at a $11.00 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 $67.6K, with a price of $183.0 per contract. There were 925 open contracts at this strike prior to today, and today 389 contract(s) were bought and sold.
• For LOW LOW, we notice a put option sweep that happens to be bullish, expiring in 10 day(s) on November 10, 2023. This event was a transfer of 615 contract(s) at a $180.00 strike. This particular put needed to be split into 71 different trades to become filled. The total cost received by the writing party (or parties) was $39.4K, with a price of $64.0 per contract. There were 59 open contracts at this strike prior to today, and today 373 contract(s) were bought and sold.
• For DKNG DKNG, we notice a put option trade that happens to be bearish, expiring in 108 day(s) on February 16, 2024. This event was a transfer of 167 contract(s) at a $30.00 strike. The total cost received by the writing party (or parties) was $80.1K, with a price of $480.0 per contract. There were 678 open contracts at this strike prior to today, and today 322 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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