Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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.
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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:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| TSLA | CALL | SWEEP | BULLISH | 12/02/22 | $200.00 | $114.1K | 30.0K | 61.2K |
| LVS | PUT | SWEEP | BULLISH | 12/16/22 | $35.00 | $26.0K | 21.5K | 17.6K |
| BABA | CALL | TRADE | BULLISH | 12/02/22 | $78.00 | $63.2K | 1.5K | 5.5K |
| F | CALL | SWEEP | BEARISH | 01/19/24 | $20.00 | $341.5K | 99.7K | 5.2K |
| AMZN | CALL | TRADE | BEARISH | 12/09/22 | $98.00 | $72.5K | 2.2K | 2.9K |
| PTON | PUT | TRADE | BEARISH | 06/16/23 | $10.00 | $345.8K | 1.3K | 1.4K |
| PDD | CALL | TRADE | NEUTRAL | 04/21/23 | $80.00 | $1.1 million | 827 | 1.4K |
| LCID | CALL | SWEEP | BULLISH | 05/19/23 | $11.00 | $26.0K | 77 | 914 |
| BURL | PUT | TRADE | BEARISH | 03/17/23 | $150.00 | $72.0K | 110 | 676 |
| HD | CALL | SWEEP | BEARISH | 12/16/22 | $317.50 | $25.4K | 467 | 178 |
Explanation
These itemized elaborations have been created using the accompanying table.
• For TSLA (NASDAQ:TSLA), we notice a call option sweep that happens to be bullish, expiring in 4 day(s) on December 2, 2022. This event was a transfer of 709 contract(s) at a $200.00 strike. This particular call needed to be split into 53 different trades to become filled. The total cost received by the writing party (or parties) was $114.1K, with a price of $161.0 per contract. There were 30034 open contracts at this strike prior to today, and today 61225 contract(s) were bought and sold.
• Regarding LVS (NYSE:LVS), we observe a put option sweep with bullish sentiment. It expires in 18 day(s) on December 16, 2022. Parties traded 2000 contract(s) at a $35.00 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 $26.0K, with a price of $13.0 per contract. There were 21536 open contracts at this strike prior to today, and today 17621 contract(s) were bought and sold.
• For BABA (NYSE:BABA), we notice a call option trade that happens to be bullish, expiring in 4 day(s) on December 2, 2022. This event was a transfer of 400 contract(s) at a $78.00 strike. The total cost received by the writing party (or parties) was $63.2K, with a price of $158.0 per contract. There were 1549 open contracts at this strike prior to today, and today 5511 contract(s) were bought and sold.
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• Regarding F (NYSE:F), we observe a call option sweep with bearish sentiment. It expires in 417 day(s) on January 19, 2024. Parties traded 5000 contract(s) at a $20.00 strike. This particular call needed to be split into 34 different trades to become filled. The total cost received by the writing party (or parties) was $341.5K, with a price of $68.0 per contract. There were 99764 open contracts at this strike prior to today, and today 5247 contract(s) were bought and sold.
• Regarding AMZN (NASDAQ:AMZN), we observe a call option trade with bearish sentiment. It expires in 11 day(s) on December 9, 2022. Parties traded 500 contract(s) at a $98.00 strike. The total cost received by the writing party (or parties) was $72.5K, with a price of $145.0 per contract. There were 2235 open contracts at this strike prior to today, and today 2969 contract(s) were bought and sold.
• Regarding PTON (NASDAQ:PTON), we observe a put option trade with bearish sentiment. It expires in 200 day(s) on June 16, 2023. Parties traded 1400 contract(s) at a $10.00 strike. The total cost received by the writing party (or parties) was $345.8K, with a price of $247.0 per contract. There were 1396 open contracts at this strike prior to today, and today 1479 contract(s) were bought and sold.
• For PDD (NASDAQ:PDD), we notice a call option trade that happens to be neutral, expiring in 144 day(s) on April 21, 2023. This event was a transfer of 1050 contract(s) at a $80.00 strike. The total cost received by the writing party (or parties) was $1.1 million, with a price of $1080.0 per contract. There were 827 open contracts at this strike prior to today, and today 1432 contract(s) were bought and sold.
• For LCID (NASDAQ:LCID), we notice a call option sweep that happens to be bullish, expiring in 172 day(s) on May 19, 2023. This event was a transfer of 154 contract(s) at a $11.00 strike. This particular call needed to be split into 25 different trades to become filled. The total cost received by the writing party (or parties) was $26.0K, with a price of $169.0 per contract. There were 77 open contracts at this strike prior to today, and today 914 contract(s) were bought and sold.
• For BURL (NYSE:BURL), we notice a put option trade that happens to be bearish, expiring in 109 day(s) on March 17, 2023. This event was a transfer of 100 contract(s) at a $150.00 strike. The total cost received by the writing party (or parties) was $72.0K, with a price of $720.0 per contract. There were 110 open contracts at this strike prior to today, and today 676 contract(s) were bought and sold.
• Regarding HD (NYSE:HD), we observe a call option sweep with bearish sentiment. It expires in 18 day(s) on December 16, 2022. Parties traded 24 contract(s) at a $317.50 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 $25.4K, with a price of $1060.0 per contract. There were 467 open contracts at this strike prior to today, and today 178 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.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.