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 bullet-by-bullet explanations have been constructed using the accompanying table.

• For TSLA TSLA, we notice a put option trade that happens to be bearish, is expiring today. Parties traded 200 contract(s) at a $237.50 strike. The total cost received by the writing party (or parties) was $26.4K, with a price of $132.0 per contract. There were 13986 open contracts at this strike prior to today, and today 86953 contract(s) were bought and sold.

• For NIO NIO, we notice a call option sweep that happens to be bearish, expiring in 14 day(s) on January 19, 2024. This event was a transfer of 3834 contract(s) at a $9.00 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 $71.3K, with a price of $18.0 per contract. There were 53384 open contracts at this strike prior to today, and today 8657 contract(s) were bought and sold.

• For BABA BABA, we notice a call option sweep that happens to be bearish, expiring in 42 day(s) on February 16, 2024. This event was a transfer of 450 contract(s) at a $80.00 strike. This particular call needed to be split into 16 different trades to become filled. The total cost received by the writing party (or parties) was $59.4K, with a price of $132.0 per contract. There were 64966 open contracts at this strike prior to today, and today 6196 contract(s) were bought and sold.

• Regarding XPEV XPEV, we observe a put option trade with bullish sentiment. It expires in 168 day(s) on June 21, 2024. Parties traded 3000 contract(s) at a $10.00 strike. The total cost received by the writing party (or parties) was $282.0K, with a price of $94.0 per contract. There were 3482 open contracts at this strike prior to today, and today 3002 contract(s) were bought and sold.

• For ABNB ABNB, we notice a put option sweep that happens to be bearish, expiring in 70 day(s) on March 15, 2024. This event was a transfer of 45 contract(s) at a $135.00 strike. This particular put needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $37.5K, with a price of $835.0 per contract. There were 4026 open contracts at this strike prior to today, and today 1351 contract(s) were bought and sold.

• For VFC VFC, we notice a put option sweep that happens to be bullish, expiring in 133 day(s) on May 17, 2024. This event was a transfer of 161 contract(s) at a $17.50 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 $38.3K, with a price of $238.0 per contract. There were 753 open contracts at this strike prior to today, and today 899 contract(s) were bought and sold.

• For W W, we notice a put option sweep that happens to be bearish, expiring in 42 day(s) on February 16, 2024. This event was a transfer of 81 contract(s) at a $60.00 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 $63.1K, with a price of $780.0 per contract. There were 1138 open contracts at this strike prior to today, and today 724 contract(s) were bought and sold.

• Regarding NKE NKE, we observe a put option trade with bullish sentiment. It expires in 378 day(s) on January 17, 2025. Parties traded 600 contract(s) at a $75.00 strike. The total cost received by the writing party (or parties) was $130.8K, with a price of $218.0 per contract. There were 974 open contracts at this strike prior to today, and today 600 contract(s) were bought and sold.

• For LCID LCID, we notice a put option sweep that happens to be bearish, expiring in 42 day(s) on February 16, 2024. This event was a transfer of 500 contract(s) at a $4.50 strike. This particular put needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $46.0K, with a price of $92.0 per contract. There were 1543 open contracts at this strike prior to today, and today 501 contract(s) were bought and sold.

• Regarding RIVN RIVN, we observe a call option sweep with bearish sentiment. It expires in 714 day(s) on December 19, 2025. Parties traded 194 contract(s) at a $22.50 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 $128.0K, with a price of $660.0 per contract. There were 895 open contracts at this strike prior to today, and today 195 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.