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 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:

Explanation

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

• Regarding TSLA TSLA, we observe a call option sweep with neutral sentiment. It expires in 4 day(s) on February 23, 2024. Parties traded 87 contract(s) at a $200.00 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 $40.8K, with a price of $470.0 per contract. There were 33532 open contracts at this strike prior to today, and today 148569 contract(s) were bought and sold.

• Regarding PLNT PLNT, we observe a call option sweep with bullish sentiment. It expires in 25 day(s) on March 15, 2024. Parties traded 500 contract(s) at a $67.50 strike. This particular call needed to be split into 48 different trades to become filled. The total cost received by the writing party (or parties) was $165.0K, with a price of $330.0 per contract. There were 170 open contracts at this strike prior to today, and today 4253 contract(s) were bought and sold.

• For JD JD, we notice a call option sweep that happens to be bullish, expiring in 333 day(s) on January 17, 2025. This event was a transfer of 113 contract(s) at a $30.00 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 $33.3K, with a price of $295.0 per contract. There were 7021 open contracts at this strike prior to today, and today 2025 contract(s) were bought and sold.

• Regarding BABA BABA, we observe a put option trade with bullish sentiment. It expires in 123 day(s) on June 21, 2024. Parties traded 1500 contract(s) at a $65.00 strike. The total cost received by the writing party (or parties) was $358.5K, with a price of $239.0 per contract. There were 8057 open contracts at this strike prior to today, and today 1636 contract(s) were bought and sold.

• Regarding DKNG DKNG, we observe a call option sweep with bearish sentiment. It expires in 3 day(s) on February 16, 2024. Parties traded 1000 contract(s) at a $35.00 strike. This particular call needed to be split into 59 different trades to become filled. The total cost received by the writing party (or parties) was $953.4K, with a price of $950.0 per contract. There were 4590 open contracts at this strike prior to today, and today 1362 contract(s) were bought and sold.

• Regarding LAZR LAZR, we observe a put option sweep with bearish sentiment. It expires in 25 day(s) on March 15, 2024. Parties traded 1191 contract(s) at a $2.50 strike. This particular put needed to be split into 14 different trades to become filled. The total cost received by the writing party (or parties) was $47.6K, with a price of $40.0 per contract. There were 544 open contracts at this strike prior to today, and today 1213 contract(s) were bought and sold.

• For SBUX SBUX, we notice a put option sweep that happens to be bearish, expiring in 25 day(s) on March 15, 2024. This event was a transfer of 300 contract(s) at a $95.00 strike. This particular put needed to be split into 37 different trades to become filled. The total cost received by the writing party (or parties) was $81.6K, with a price of $272.0 per contract. There were 3828 open contracts at this strike prior to today, and today 1177 contract(s) were bought and sold.

• For CVNA CVNA, we notice a call option sweep that happens to be bearish, expiring in 25 day(s) on March 15, 2024. This event was a transfer of 60 contract(s) at a $60.00 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 $27.9K, with a price of $465.0 per contract. There were 5616 open contracts at this strike prior to today, and today 803 contract(s) were bought and sold.

• Regarding ABNB ABNB, we observe a put option sweep with bullish sentiment. It expires in 4 day(s) on February 23, 2024. Parties traded 67 contract(s) at a $155.00 strike. This particular put needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $27.1K, with a price of $405.0 per contract. There were 519 open contracts at this strike prior to today, and today 608 contract(s) were bought and sold.

• For RIVN RIVN, we notice a call option sweep that happens to be bullish, expiring in 18 day(s) on March 8, 2024. This event was a transfer of 500 contract(s) at a $17.50 strike. This particular call needed to be split into 17 different trades to become filled. The total cost received by the writing party (or parties) was $58.5K, with a price of $117.0 per contract. There were 626 open contracts at this strike prior to today, and today 602 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.