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 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 | 01/06/23 | $112.00 | $66.7K | 9.1K | 77.6K |
| AMZN | PUT | TRADE | NEUTRAL | 01/06/23 | $85.00 | $34.8K | 7.4K | 6.4K |
| BABA | CALL | TRADE | BEARISH | 02/17/23 | $110.00 | $34.3K | 8.3K | 3.6K |
| NIO | CALL | SWEEP | BULLISH | 02/17/23 | $10.00 | $25.6K | 5.1K | 2.7K |
| CAKE | CALL | SWEEP | BULLISH | 01/20/23 | $35.00 | $48.2K | 1.2K | 1.1K |
| ABNB | CALL | TRADE | BULLISH | 01/20/23 | $95.00 | $34.2K | 7.0K | 1.0K |
| PDD | CALL | TRADE | BULLISH | 01/19/24 | $150.00 | $212.0K | 3.1K | 410 |
| WYNN | CALL | TRADE | BULLISH | 01/20/23 | $85.00 | $49.5K | 4.7K | 381 |
| NKE | PUT | TRADE | BULLISH | 04/21/23 | $125.00 | $51.3K | 856 | 373 |
| BBBY | PUT | TRADE | BEARISH | 01/20/23 | $80.00 | $1.4 million | 551 | 360 |
Explanation
These bullet-by-bullet explanations have been constructed using the accompanying table.
• For TSLA (NASDAQ:TSLA), we notice a call option sweep that happens to be bullish, is expiring today. Parties traded 628 contract(s) at a $112.00 strike. This particular call needed to be split into 62 different trades to become filled. The total cost received by the writing party (or parties) was $66.7K, with a price of $107.0 per contract. There were 9145 open contracts at this strike prior to today, and today 77650 contract(s) were bought and sold.
• For AMZN (NASDAQ:AMZN), we notice a put option trade that happens to be neutral, is expiring today. Parties traded 893 contract(s) at a $85.00 strike. The total cost received by the writing party (or parties) was $34.8K, with a price of $39.0 per contract. There were 7457 open contracts at this strike prior to today, and today 6443 contract(s) were bought and sold.
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• For BABA (NYSE:BABA), we notice a call option trade that happens to be bearish, expiring in 42 day(s) on February 17, 2023. This event was a transfer of 49 contract(s) at a $110.00 strike. The total cost received by the writing party (or parties) was $34.3K, with a price of $700.0 per contract. There were 8397 open contracts at this strike prior to today, and today 3652 contract(s) were bought and sold.
• Regarding NIO (NYSE:NIO), we observe a call option sweep with bullish sentiment. It expires in 42 day(s) on February 17, 2023. Parties traded 200 contract(s) at a $10.00 strike. This particular call needed to be split into 19 different trades to become filled. The total cost received by the writing party (or parties) was $25.6K, with a price of $128.0 per contract. There were 5125 open contracts at this strike prior to today, and today 2762 contract(s) were bought and sold.
• Regarding CAKE (NASDAQ:CAKE), we observe a call option sweep with bullish sentiment. It expires in 14 day(s) on January 20, 2023. Parties traded 439 contract(s) at a $35.00 strike. This particular call needed to be split into 11 different trades to become filled. The total cost received by the writing party (or parties) was $48.2K, with a price of $110.0 per contract. There were 1234 open contracts at this strike prior to today, and today 1125 contract(s) were bought and sold.
• For ABNB (NASDAQ:ABNB), we notice a call option trade that happens to be bullish, expiring in 14 day(s) on January 20, 2023. This event was a transfer of 496 contract(s) at a $95.00 strike. The total cost received by the writing party (or parties) was $34.2K, with a price of $69.0 per contract. There were 7014 open contracts at this strike prior to today, and today 1043 contract(s) were bought and sold.
• Regarding PDD (NASDAQ:PDD), we observe a call option trade with bullish sentiment. It expires in 378 day(s) on January 19, 2024. Parties traded 200 contract(s) at a $150.00 strike. The total cost received by the writing party (or parties) was $212.0K, with a price of $1060.0 per contract. There were 3146 open contracts at this strike prior to today, and today 410 contract(s) were bought and sold.
• Regarding WYNN (NASDAQ:WYNN), we observe a call option trade with bullish sentiment. It expires in 14 day(s) on January 20, 2023. Parties traded 50 contract(s) at a $85.00 strike. The total cost received by the writing party (or parties) was $49.5K, with a price of $991.0 per contract. There were 4720 open contracts at this strike prior to today, and today 381 contract(s) were bought and sold.
• For NKE (NYSE:NKE), we notice a put option trade that happens to be bullish, expiring in 105 day(s) on April 21, 2023. This event was a transfer of 57 contract(s) at a $125.00 strike. The total cost received by the writing party (or parties) was $51.3K, with a price of $900.0 per contract. There were 856 open contracts at this strike prior to today, and today 373 contract(s) were bought and sold.
• For BBBY (NASDAQ:BBBY), we notice a put option trade that happens to be bearish, expiring in 14 day(s) on January 20, 2023. This event was a transfer of 180 contract(s) at a $80.00 strike. The total cost received by the writing party (or parties) was $1.4 million, with a price of $7860.0 per contract. There were 551 open contracts at this strike prior to today, and today 360 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.