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Thursday, October 6, 2022 - 1:38pm
options image

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 CALL SWEEP BULLISH 10/07/22 $245.00 $27.4K 19.1K 107.8K
RCL CALL SWEEP BEARISH 10/07/22 $45.00 $46.6K 3.0K 4.0K
GME CALL SWEEP BEARISH 11/18/22 $30.00 $44.3K 6.5K 2.1K
FUV PUT SWEEP BEARISH 04/21/23 $1.00 $40.0K 5.6K 1.0K
F CALL TRADE BEARISH 01/19/24 $12.00 $54.0K 26.6K 783
GM PUT TRADE BULLISH 01/17/25 $33.00 $32.7K 1.2K 709
CVNA CALL SWEEP BULLISH 10/07/22 $20.00 $77.0K 643 542
JWN CALL SWEEP BULLISH 10/07/22 $15.00 $48.4K 1.2K 405
LULU PUT SWEEP BULLISH 03/17/23 $310.00 $32.6K 30 403
NKE CALL SWEEP NEUTRAL 01/19/24 $70.00 $61.2K 46 184

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, expiring in 1 day(s) on October 7, 2022. This event was a transfer of 131 contract(s) at a $245.00 strike. This particular call needed to be split into 12 different trades to become filled. The total cost received by the writing party (or parties) was $27.4K, with a price of $210.0 per contract. There were 19172 open contracts at this strike prior to today, and today 107874 contract(s) were bought and sold.

• Regarding RCL (NYSE:RCL), we observe a call option sweep with bearish sentiment. It expires in 1 day(s) on October 7, 2022. Parties traded 376 contract(s) at a $45.00 strike. This particular call needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was $46.6K, with a price of $124.0 per contract. There were 3047 open contracts at this strike prior to today, and today 4084 contract(s) were bought and sold.

• For GME (NYSE:GME), we notice a call option sweep that happens to be bearish, expiring in 43 day(s) on November 18, 2022. This event was a transfer of 196 contract(s) at a $30.00 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 $44.3K, with a price of $226.0 per contract. There were 6586 open contracts at this strike prior to today, and today 2148 contract(s) were bought and sold.

• Regarding FUV (NASDAQ:FUV), we observe a put option sweep with bearish sentiment. It expires in 197 day(s) on April 21, 2023. Parties traded 1000 contract(s) at a $1.00 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 $40.0K, with a price of $40.0 per contract. There were 5685 open contracts at this strike prior to today, and today 1020 contract(s) were bought and sold.

• Regarding F (NYSE:F), we observe a call option trade with bearish sentiment. It expires in 470 day(s) on January 19, 2024. Parties traded 200 contract(s) at a $12.00 strike. The total cost received by the writing party (or parties) was $54.0K, with a price of $270.0 per contract. There were 26666 open contracts at this strike prior to today, and today 783 contract(s) were bought and sold.

• Regarding GM (NYSE:GM), we observe a put option trade with bullish sentiment. It expires in 834 day(s) on January 17, 2025. Parties traded 50 contract(s) at a $33.00 strike. The total cost received by the writing party (or parties) was $32.7K, with a price of $655.0 per contract. There were 1200 open contracts at this strike prior to today, and today 709 contract(s) were bought and sold.

• Regarding CVNA (NYSE:CVNA), we observe a call option sweep with bullish sentiment. It expires in 1 day(s) on October 7, 2022. Parties traded 500 contract(s) at a $20.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $77.0K, with a price of $154.0 per contract. There were 643 open contracts at this strike prior to today, and today 542 contract(s) were bought and sold.

• For JWN (NYSE:JWN), we notice a call option sweep that happens to be bullish, expiring in 1 day(s) on October 7, 2022. This event was a transfer of 100 contract(s) at a $15.00 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 $48.4K, with a price of $485.0 per contract. There were 1226 open contracts at this strike prior to today, and today 405 contract(s) were bought and sold.

• For LULU (NASDAQ:LULU), we notice a put option sweep that happens to be bullish, expiring in 162 day(s) on March 17, 2023. This event was a transfer of 10 contract(s) at a $310.00 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 $32.6K, with a price of $3260.0 per contract. There were 30 open contracts at this strike prior to today, and today 403 contract(s) were bought and sold.

• Regarding NKE (NYSE:NKE), we observe a call option sweep with neutral sentiment. It expires in 470 day(s) on January 19, 2024. Parties traded 21 contract(s) at a $70.00 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 $61.2K, with a price of $2915.0 per contract. There were 46 open contracts at this strike prior to today, and today 184 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.

BZI-AUOA, CVNA, F, FUV, GM, GME, JWN, LULU, NKE, RCL, TSLA, Options

Thursday, October 6, 2022 - 1:38pm
options image

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.

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
AAPL PUT SWEEP BEARISH 10/07/22 $145.00 $45.0K 17.5K 35.4K
ORCL CALL SWEEP BULLISH 10/07/22 $66.00 $27.0K 1.4K 6.8K
V PUT SWEEP BEARISH 10/21/22 $185.00 $1.0 million 3.1K 2.7K
NVDA PUT SWEEP BULLISH 10/14/22 $133.00 $48.0K 509 2.6K
WDC CALL SWEEP NEUTRAL 10/07/22 $36.00 $28.1K 2.1K 2.2K
AMD PUT SWEEP BEARISH 01/20/23 $70.00 $76.3K 41.0K 1.9K
CSCO PUT TRADE NEUTRAL 01/20/23 $35.00 $83.0K 7.5K 1.0K
STM CALL SWEEP BEARISH 01/19/24 $45.00 $275.4K 4.7K 765
SMCI CALL SWEEP BEARISH 11/18/22 $55.00 $26.8K 1.0K 743
PANW CALL TRADE BULLISH 01/20/23 $166.67 $1.0 million 3.2K 506

Explanation

These itemized elaborations have been created using the accompanying table.

• Regarding AAPL (NASDAQ:AAPL), we observe a put option sweep with bearish sentiment. It expires in 1 day(s) on October 7, 2022. Parties traded 500 contract(s) at a $145.00 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 $45.0K, with a price of $90.0 per contract. There were 17520 open contracts at this strike prior to today, and today 35420 contract(s) were bought and sold.

• Regarding ORCL (NYSE:ORCL), we observe a call option sweep with bullish sentiment. It expires in 1 day(s) on October 7, 2022. Parties traded 528 contract(s) at a $66.00 strike. This particular call needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was $27.0K, with a price of $52.0 per contract. There were 1447 open contracts at this strike prior to today, and today 6885 contract(s) were bought and sold.

• Regarding V (NYSE:V), we observe a put option sweep with bearish sentiment. It expires in 15 day(s) on October 21, 2022. Parties traded 2697 contract(s) at a $185.00 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 $1.0 million, with a price of $405.0 per contract. There were 3100 open contracts at this strike prior to today, and today 2740 contract(s) were bought and sold.

• Regarding NVDA (NASDAQ:NVDA), we observe a put option sweep with bullish sentiment. It expires in 8 day(s) on October 14, 2022. Parties traded 100 contract(s) at a $133.00 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 $48.0K, with a price of $480.0 per contract. There were 509 open contracts at this strike prior to today, and today 2604 contract(s) were bought and sold.

• Regarding WDC (NASDAQ:WDC), we observe a call option sweep with neutral sentiment. It expires in 1 day(s) on October 7, 2022. Parties traded 225 contract(s) at a $36.00 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 $28.1K, with a price of $125.0 per contract. There were 2153 open contracts at this strike prior to today, and today 2288 contract(s) were bought and sold.

• Regarding AMD (NASDAQ:AMD), we observe a put option sweep with bearish sentiment. It expires in 106 day(s) on January 20, 2023. Parties traded 92 contract(s) at a $70.00 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 $76.3K, with a price of $830.0 per contract. There were 41021 open contracts at this strike prior to today, and today 1917 contract(s) were bought and sold.

• Regarding CSCO (NASDAQ:CSCO), we observe a put option trade with neutral sentiment. It expires in 106 day(s) on January 20, 2023. Parties traded 1000 contract(s) at a $35.00 strike. The total cost received by the writing party (or parties) was $83.0K, with a price of $83.0 per contract. There were 7595 open contracts at this strike prior to today, and today 1001 contract(s) were bought and sold.

• For STM (NYSE:STM), we notice a call option sweep that happens to be bearish, expiring in 470 day(s) on January 19, 2024. This event was a transfer of 765 contract(s) at a $45.00 strike. This particular call needed to be split into 10 different trades to become filled. The total cost received by the writing party (or parties) was $275.4K, with a price of $360.0 per contract. There were 4711 open contracts at this strike prior to today, and today 765 contract(s) were bought and sold.

• Regarding SMCI (NASDAQ:SMCI), we observe a call option sweep with bearish sentiment. It expires in 43 day(s) on November 18, 2022. Parties traded 30 contract(s) at a $55.00 strike. This particular call needed to be split into 10 different trades to become filled. The total cost received by the writing party (or parties) was $26.8K, with a price of $900.0 per contract. There were 1021 open contracts at this strike prior to today, and today 743 contract(s) were bought and sold.

• For PANW (NASDAQ:PANW), we notice a call option trade that happens to be bullish, expiring in 106 day(s) on January 20, 2023. This event was a transfer of 500 contract(s) at a $166.67 strike. The total cost received by the writing party (or parties) was $1.0 million, with a price of $2170.0 per contract. There were 3210 open contracts at this strike prior to today, and today 506 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.


Thursday, October 6, 2022 - 1:37pm
BZ Briefs Pharma
  • Kiromic BioPharma Inc (NASDAQ: KRBP) received validating written feedback from the FDA pursuant to its Type B Pre-IND meeting request regarding its Deltacel development strategy.
  • Deltacel is the company's most advanced therapeutic candidate, applying in allogeneic, non-viral, non-engineered off-the-shelf Gamma Delta T-cells (GDT).
  • The Pre-IND meeting request was to align with and obtain FDA guidance on Kiromic's proposed development strategy about the chemistry, manufacturing, and controls (CMC), nonclinical studies, and clinical study plan for Deltacel/KB-GDT for Non-Small Cell Lung Cancer (NSCLC). 
  • Kiromic projects a clinical trial launch in Q1 2023.
  • Further reiterating Management's focus on executing the Deltacel-aligned development strategy, the company has streamlined its operations and aligned key resources to advance its Deltacel product candidate while maintaining its other product candidates, Procel and Isocel. 
  • Kiromic has decided to eliminate 20 positions, or approximately 29% of its workforce, as part of that aligned strategy. 
  • The company says the prioritization mitigates supply-chain challenges associated with a virus-based approach. 
  • Price Action: KRBP shares are up 54.5% at $0.42 on the last check Thursday.

Thursday, October 6, 2022 - 1:35pm
Caviar, Pizza, Elon Musk

An analyst is using a food analogy to describe the potential of the world’s richest man needing help to finance his acquisition by selling shares of leading electric vehicle company Tesla Inc (NASDAQ: TSLA).

What Happened: On Tuesday, it was announced Tesla CEO Elon Musk sent a new proposal to social media platform Twitter Inc (NYSE: TWTR) to acquire the company for $44 billion, or $54.20 per share.

The acquisition is at the original price set earlier this year by Musk before he walked away from the deal.

Earlier this year, Musk sold shares of Tesla on two occasions with financing the Twitter deal among the reasons cited.

Wedbush analyst Daniel Ives has been skeptical of Musk buying Twitter since it was announced and shared that opinion during an interview with BBC Wednesday.

Ives used a food analogy of an expensive item and a cheap item to compare selling Tesla shares for Twitter.

“That’s like me giving away caviar to buy a $2 slice of pizza,” Ives said.

The analyst’s comments echoed his previous take that Tesla will be more valuable in the long run and Musk shouldn’t sell his shares.

Musk sold shares of Tesla in August and cited the reason as being the “unlikely event that Twitter forces this deal to close.”

The Tesla CEO said the sale was to help avoid “an emergency sale of Tesla stock.”

With financing lined up for the new acquisition proposal, it remained to be seen if Musk will have to sell more Tesla shares to help finance the deal. Ives is worried more Tesla shares will be sold by Musk to help ultimately finance the deal.

Ives had a Hold rating on Twitter with a price target of $54.20.

Why It’s Important: While Ives was critical of the Twitter acquisition, the analyst said submitting the new proposal to Twitter could prevent a long and unnecessary court battle.

“Writing was on the wall he could not win in Delaware and this saves both sides a long and ugly court battle ahead,” Ives said. “Musk will now own the Twitter platform as an end to this saga and soap opera that began in April.”

Ives had an Outperform rating on Tesla shares and a price target of $360.

Musk is the richest person in the world with a wealth of $222 billion, according to the Bloomberg Billionaires Index. Much of Musk’s wealth is tied to his ownership stakes in Tesla and SpaceX, of which he is the CEO of both.

After the August sale of Tesla shares, Musk owned 155,039,144 shares of Tesla, representing 14.9% of Tesla’s outstanding shares. The share count was before a three-for-one stock split occurred in August 2022 and doesn’t include unlocked options that are part of a compensation package for Musk.

TWTR, TSLA Price Action: Twitter shares are down 0.99% to $50.79 and Tesla is down 0.57% at $239.43 on Thursday.

See Also: Analyst Ratings On Tesla 

Photo: Pizza, caviar, Shutterstock; Elon Musk, Pixabay


Thursday, October 6, 2022 - 1:33pm
movers image

Someone with a lot of money to spend has taken a bullish stance on Digital Realty Trust (NYSE:DLR).

And retail traders should know.

We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Whether this is an institution or just a wealthy individual, we don't know. But when something this big happens with DLR, it often means somebody knows something is about to happen.

So how do we know what this whale just did?

Today, Benzinga's options scanner spotted 10 uncommon options trades for Digital Realty Trust.

This isn't normal.

The overall sentiment of these big-money traders is split between 50% bullish and 50%, bearish.

Out of all of the special options we uncovered, 3 are puts, for a total amount of $112,990, and 7 are calls, for a total amount of $500,010.

What's The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $80.0 to $120.0 for Digital Realty Trust over the last 3 months.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for Digital Realty Trust options trades today is 218.0 with a total volume of 620.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for Digital Realty Trust's big money trades within a strike price range of $80.0 to $120.0 over the last 30 days.

Digital Realty Trust Option Volume And Open Interest Over Last 30 Days

Options Call Chart

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
DLR CALL SWEEP BULLISH 12/16/22 $80.00 $187.0K 0 110
DLR CALL SWEEP BULLISH 12/16/22 $85.00 $131.0K 0 100
DLR CALL TRADE BEARISH 01/20/23 $85.00 $67.6K 100 49
DLR PUT SWEEP BEARISH 04/21/23 $95.00 $52.6K 31 38
DLR CALL TRADE BEARISH 01/20/23 $85.00 $38.6K 100 77

Where Is Digital Realty Trust Standing Right Now?

  • With a volume of 1,217,240, the price of DLR is down -4.8% at $94.25.
  • RSI indicators hint that the underlying stock may be oversold.
  • Next earnings are expected to be released in 20 days.

What The Experts Say On Digital Realty Trust:

  • Credit Suisse has decided to maintain their Neutral rating on Digital Realty Trust, which currently sits at a price target of $98.
  • Wells Fargo has decided to maintain their Overweight rating on Digital Realty Trust, which currently sits at a price target of $145.
  • Barclays downgraded its action to Underweight with a price target of $91
  • RBC Capital has decided to maintain their Outperform rating on Digital Realty Trust, which currently sits at a price target of $122.

Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.

If you want to stay updated on the latest options trades for Digital Realty Trust, Benzinga Pro gives you real-time options trades alerts.


Thursday, October 6, 2022 - 1:33pm
movers image

A whale with a lot of money to spend has taken a noticeably bullish stance on SolarEdge Technologies.

Looking at options history for SolarEdge Technologies (NASDAQ:SEDG) we detected 10 strange trades.

If we consider the specifics of each trade, it is accurate to state that 80% of the investors opened trades with bullish expectations and 20% with bearish.

From the overall spotted trades, 5 are puts, for a total amount of $323,360 and 5, calls, for a total amount of $340,530.

What's The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $200.0 to $280.0 for SolarEdge Technologies over the last 3 months.

Volume & Open Interest Development

Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for SolarEdge Technologies's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of SolarEdge Technologies's whale trades within a strike price range from $200.0 to $280.0 in the last 30 days.

SolarEdge Technologies Option Volume And Open Interest Over Last 30 Days

Options Call Chart

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
SEDG PUT SWEEP BULLISH 12/16/22 $200.00 $148.5K 1.2K 147
SEDG CALL SWEEP BEARISH 01/19/24 $220.00 $146.2K 19 21
SEDG CALL SWEEP BULLISH 01/19/24 $220.00 $80.7K 19 28
SEDG PUT TRADE NEUTRAL 12/16/22 $200.00 $63.5K 1.2K 41
SEDG CALL SWEEP BULLISH 01/19/24 $220.00 $51.3K 19 28

Where Is SolarEdge Technologies Standing Right Now?

  • With a volume of 870,780, the price of SEDG is down -3.9% at $225.11.
  • RSI indicators hint that the underlying stock may be oversold.
  • Next earnings are expected to be released in 26 days.

Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.

If you want to stay updated on the latest options trades for SolarEdge Technologies, Benzinga Pro gives you real-time options trades alerts.


Thursday, October 6, 2022 - 1:33pm
movers image

A whale with a lot of money to spend has taken a noticeably bearish stance on Cheniere Energy.

Looking at options history for Cheniere Energy (AMEX:LNG) we detected 10 strange trades.

If we consider the specifics of each trade, it is accurate to state that 30% of the investors opened trades with bullish expectations and 70% with bearish.

From the overall spotted trades, 4 are puts, for a total amount of $209,730 and 6, calls, for a total amount of $395,643.

What's The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $130.0 to $200.0 for Cheniere Energy over the last 3 months.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for Cheniere Energy options trades today is 673.3 with a total volume of 917.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for Cheniere Energy's big money trades within a strike price range of $130.0 to $200.0 over the last 30 days.

Cheniere Energy Option Volume And Open Interest Over Last 30 Days

Options Call Chart

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
LNG CALL SWEEP BULLISH 12/16/22 $170.00 $156.0K 906 130
LNG PUT SWEEP BULLISH 10/21/22 $170.00 $84.0K 953 217
LNG CALL TRADE BEARISH 01/20/23 $185.00 $59.0K 265 53
LNG PUT SWEEP BULLISH 12/16/22 $130.00 $56.0K 222 301
LNG CALL TRADE BEARISH 10/21/22 $150.00 $50.0K 539 37

Where Is Cheniere Energy Standing Right Now?

  • With a volume of 1,031,985, the price of LNG is up 1.01% at $173.17.
  • RSI indicators hint that the underlying stock may be approaching overbought.
  • Next earnings are expected to be released in 28 days.

What The Experts Say On Cheniere Energy:

  • RBC Capital has decided to maintain their Outperform rating on Cheniere Energy, which currently sits at a price target of $199.
  • Mizuho has decided to maintain their Buy rating on Cheniere Energy, which currently sits at a price target of $174.
  • Stifel has decided to maintain their Buy rating on Cheniere Energy, which currently sits at a price target of $201.

Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.

If you want to stay updated on the latest options trades for Cheniere Energy, Benzinga Pro gives you real-time options trades alerts.


Thursday, October 6, 2022 - 1:33pm
valuestock image

Marathon Oil (NYSE:MRO) has outperformed the market over the past 5 years by 7.46% on an annualized basis producing an average annual return of 15.56%. Currently, Marathon Oil has a market capitalization of $19.02 billion.

Buying $100 In MRO: If an investor had bought $100 of MRO stock 5 years ago, it would be worth $206.70 today based on a price of $28.07 for MRO at the time of writing.

Marathon Oil's Performance Over Last 5 Years

comp_fig

Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.

This article was generated by Benzinga's automated content engine and reviewed by an editor.


Thursday, October 6, 2022 - 1:33pm
movers image

A whale with a lot of money to spend has taken a noticeably bearish stance on DraftKings.

Looking at options history for DraftKings (NASDAQ:DKNG) we detected 15 strange trades.

If we consider the specifics of each trade, it is accurate to state that 20% of the investors opened trades with bullish expectations and 80% with bearish.

From the overall spotted trades, 3 are puts, for a total amount of $341,800 and 12, calls, for a total amount of $423,801.

What's The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $16.5 to $40.0 for DraftKings over the last 3 months.

Volume & Open Interest Development

Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.

This data can help you track the liquidity and interest for DraftKings's options for a given strike price.

Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of DraftKings's whale activity within a strike price range from $16.5 to $40.0 in the last 30 days.

DraftKings Option Volume And Open Interest Over Last 30 Days

Options Call Chart

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
DKNG PUT SWEEP BULLISH 01/20/23 $40.00 $285.2K 919 0
DKNG CALL SWEEP BEARISH 10/21/22 $17.50 $48.1K 11.2K 1.0K
DKNG CALL SWEEP BEARISH 10/14/22 $17.00 $39.2K 9.5K 2.3K
DKNG CALL SWEEP BEARISH 10/14/22 $17.00 $39.1K 9.5K 2.3K
DKNG CALL SWEEP BEARISH 10/14/22 $17.00 $37.5K 9.5K 1.2K

Where Is DraftKings Standing Right Now?

  • With a volume of 9,278,147, the price of DKNG is down -3.2% at $16.16.
  • RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
  • Next earnings are expected to be released in 29 days.

Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.

If you want to stay updated on the latest options trades for DraftKings, Benzinga Pro gives you real-time options trades alerts.


Thursday, October 6, 2022 - 1:33pm
analyst ratings image

Within the last quarter, Lithia Motors (NYSE:LAD) has observed the following analyst ratings:

Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish
Total Ratings 1 2 0 1 0
Last 30D 0 1 0 0 0
1M Ago 1 0 0 0 0
2M Ago 0 0 0 0 0
3M Ago 0 1 0 1 0

According to 4 analyst offering 12-month price targets in the last 3 months, Lithia Motors has an average price target of $330.75 with a high of $470.00 and a low of $220.00.

Below is a summary of how these 4 analysts rated Lithia Motors over the past 3 months. The greater the number of bullish ratings, the more positive analysts are on the stock and the greater the number of bearish ratings, the more negative analysts are on the stock

price target chart

This current average has decreased by 11.8% from the previous average price target of $375.00.

What Are Analyst Ratings?

Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.

Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.

This article was generated by Benzinga's automated content engine and reviewed by an editor.