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 | SWEEP | BULLISH | 11/24/23 | $235.00 | $26.7K | 13.1K | 197.7K |
NCLH | PUT | SWEEP | BULLISH | 01/19/24 | $14.00 | $27.9K | 8.0K | 9.4K |
PENN | CALL | SWEEP | BEARISH | 01/19/24 | $32.50 | $52.0K | 1.6K | 4.4K |
AMZN | CALL | SWEEP | BEARISH | 02/16/24 | $160.00 | $29.8K | 17.4K | 3.1K |
NIO | CALL | SWEEP | BEARISH | 06/21/24 | $7.50 | $38.3K | 5.5K | 2.7K |
RCL | PUT | SWEEP | BEARISH | 01/19/24 | $92.50 | $145.4K | 707 | 1.1K |
BABA | CALL | SWEEP | BEARISH | 03/15/24 | $80.00 | $33.9K | 9.0K | 702 |
LULU | CALL | SWEEP | BULLISH | 12/01/23 | $430.00 | $29.1K | 218 | 375 |
CVNA | PUT | SWEEP | BEARISH | 11/24/23 | $34.00 | $79.5K | 1.3K | 347 |
PDD | CALL | SWEEP | BULLISH | 12/15/23 | $120.00 | $59.0K | 3.7K | 260 |
Explanation
These bullet-by-bullet explanations have been constructed using the accompanying table.
• Regarding TSLA TSLA, we observe a call option sweep with bullish sentiment. It expires in 1 day(s) on November 24, 2023. Parties traded 150 contract(s) at a $235.00 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 $26.7K, with a price of $178.0 per contract. There were 13101 open contracts at this strike prior to today, and today 197723 contract(s) were bought and sold.
• Regarding NCLH NCLH, we observe a put option sweep with bullish sentiment. It expires in 57 day(s) on January 19, 2024. Parties traded 405 contract(s) at a $14.00 strike. This particular put needed to be split into 20 different trades to become filled. The total cost received by the writing party (or parties) was $27.9K, with a price of $69.0 per contract. There were 8018 open contracts at this strike prior to today, and today 9462 contract(s) were bought and sold.
• Regarding PENN PENN, we observe a call option sweep with bearish sentiment. It expires in 57 day(s) on January 19, 2024. Parties traded 2000 contract(s) at a $32.50 strike. This particular call needed to be split into 44 different trades to become filled. The total cost received by the writing party (or parties) was $52.0K, with a price of $26.0 per contract. There were 1623 open contracts at this strike prior to today, and today 4462 contract(s) were bought and sold.
• For AMZN AMZN, we notice a call option sweep that happens to be bearish, expiring in 85 day(s) on February 16, 2024. This event was a transfer of 72 contract(s) at a $160.00 strike. This particular call needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was $29.8K, with a price of $415.0 per contract. There were 17469 open contracts at this strike prior to today, and today 3103 contract(s) were bought and sold.
• For NIO NIO, we notice a call option sweep that happens to be bearish, expiring in 211 day(s) on June 21, 2024. This event was a transfer of 252 contract(s) at a $7.50 strike. This particular call needed to be split into 23 different trades to become filled. The total cost received by the writing party (or parties) was $38.3K, with a price of $152.0 per contract. There were 5564 open contracts at this strike prior to today, and today 2729 contract(s) were bought and sold.
• Regarding RCL RCL, we observe a put option sweep with bearish sentiment. It expires in 57 day(s) on January 19, 2024. Parties traded 1144 contract(s) at a $92.50 strike. This particular put needed to be split into 40 different trades to become filled. The total cost received by the writing party (or parties) was $145.4K, with a price of $127.0 per contract. There were 707 open contracts at this strike prior to today, and today 1165 contract(s) were bought and sold.
• Regarding BABA BABA, we observe a call option sweep with bearish sentiment. It expires in 113 day(s) on March 15, 2024. Parties traded 59 contract(s) at a $80.00 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 $33.9K, with a price of $575.0 per contract. There were 9060 open contracts at this strike prior to today, and today 702 contract(s) were bought and sold.
• Regarding LULU LULU, we observe a call option sweep with bullish sentiment. It expires in 8 day(s) on December 1, 2023. Parties traded 59 contract(s) at a $430.00 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 $29.1K, with a price of $490.0 per contract. There were 218 open contracts at this strike prior to today, and today 375 contract(s) were bought and sold.
• Regarding CVNA CVNA, we observe a put option sweep with bearish sentiment. It expires in 1 day(s) on November 24, 2023. Parties traded 300 contract(s) at a $34.00 strike. This particular put needed to be split into 10 different trades to become filled. The total cost received by the writing party (or parties) was $79.5K, with a price of $265.0 per contract. There were 1346 open contracts at this strike prior to today, and today 347 contract(s) were bought and sold.
• For PDD PDD, we notice a call option sweep that happens to be bullish, expiring in 22 day(s) on December 15, 2023. This event was a transfer of 100 contract(s) at a $120.00 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 $59.0K, with a price of $590.0 per contract. There were 3708 open contracts at this strike prior to today, and today 260 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.
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