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 | PUT | SWEEP | BEARISH | 04/05/24 | $167.50 | $29.0K | 13.4K | 40.5K |
CZR | CALL | TRADE | BULLISH | 09/20/24 | $45.00 | $27.8K | 125 | 5.1K |
PLAY | PUT | SWEEP | BULLISH | 04/19/24 | $70.00 | $29.2K | 211 | 2.2K |
BABA | CALL | TRADE | BEARISH | 04/05/24 | $71.00 | $25.7K | 1.3K | 1.7K |
AMZN | CALL | TRADE | BULLISH | 06/21/24 | $180.00 | $31.8K | 23.0K | 764 |
VFC | PUT | SWEEP | BEARISH | 06/21/24 | $15.00 | $48.5K | 5.0K | 370 |
CROX | PUT | SWEEP | BULLISH | 06/21/24 | $130.00 | $43.5K | 148 | 281 |
KBH | PUT | SWEEP | BEARISH | 04/19/24 | $70.00 | $28.8K | 847 | 114 |
RL | PUT | SWEEP | BEARISH | 07/19/24 | $175.00 | $79.3K | 184 | 112 |
CMG | PUT | TRADE | BULLISH | 04/05/24 | $2900.00 | $26.5K | 69 | 51 |
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 2 day(s) on April 5, 2024. Parties traded 125 contract(s) at a $167.50 strike. This particular put needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $29.0K, with a price of $232.0 per contract. There were 13472 open contracts at this strike prior to today, and today 40593 contract(s) were bought and sold.
• Regarding CZR CZR, we observe a call option trade with bullish sentiment. It expires in 170 day(s) on September 20, 2024. Parties traded 54 contract(s) at a $45.00 strike. The total cost received by the writing party (or parties) was $27.8K, with a price of $515.0 per contract. There were 125 open contracts at this strike prior to today, and today 5124 contract(s) were bought and sold.
• For PLAY PLAY, we notice a put option sweep that happens to be bullish, expiring in 16 day(s) on April 19, 2024. This event was a transfer of 99 contract(s) at a $70.00 strike. This particular put needed to be split into 12 different trades to become filled. The total cost received by the writing party (or parties) was $29.2K, with a price of $295.0 per contract. There were 211 open contracts at this strike prior to today, and today 2245 contract(s) were bought and sold.
• Regarding BABA BABA, we observe a call option trade with bearish sentiment. It expires in 2 day(s) on April 5, 2024. Parties traded 159 contract(s) at a $71.00 strike. The total cost received by the writing party (or parties) was $25.7K, with a price of $162.0 per contract. There were 1309 open contracts at this strike prior to today, and today 1714 contract(s) were bought and sold.
• Regarding AMZN AMZN, we observe a call option trade with bullish sentiment. It expires in 79 day(s) on June 21, 2024. Parties traded 25 contract(s) at a $180.00 strike. The total cost received by the writing party (or parties) was $31.8K, with a price of $1275.0 per contract. There were 23041 open contracts at this strike prior to today, and today 764 contract(s) were bought and sold.
• Regarding VFC VFC, we observe a put option sweep with bearish sentiment. It expires in 79 day(s) on June 21, 2024. Parties traded 250 contract(s) at a $15.00 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 $48.5K, with a price of $194.0 per contract. There were 5076 open contracts at this strike prior to today, and today 370 contract(s) were bought and sold.
• For CROX CROX, we notice a put option sweep that happens to be bullish, expiring in 79 day(s) on June 21, 2024. This event was a transfer of 65 contract(s) at a $130.00 strike. This particular put needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $43.5K, with a price of $670.0 per contract. There were 148 open contracts at this strike prior to today, and today 281 contract(s) were bought and sold.
• Regarding KBH KBH, we observe a put option sweep with bearish sentiment. It expires in 16 day(s) on April 19, 2024. Parties traded 93 contract(s) at a $70.00 strike. This particular put needed to be split into 13 different trades to become filled. The total cost received by the writing party (or parties) was $28.8K, with a price of $309.0 per contract. There were 847 open contracts at this strike prior to today, and today 114 contract(s) were bought and sold.
• Regarding RL RL, we observe a put option sweep with bearish sentiment. It expires in 107 day(s) on July 19, 2024. Parties traded 69 contract(s) at a $175.00 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 $79.3K, with a price of $1150.0 per contract. There were 184 open contracts at this strike prior to today, and today 112 contract(s) were bought and sold.
• For CMG CMG, we notice a put option trade that happens to be bullish, expiring in 2 day(s) on April 5, 2024. This event was a transfer of 10 contract(s) at a $2900.00 strike. The total cost received by the writing party (or parties) was $26.5K, with a price of $2650.0 per contract. There were 69 open contracts at this strike prior to today, and today 51 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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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