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 | 04/19/24 | $155.00 | $33.2K | 35.8K | 119.4K |
| PTON | CALL | SWEEP | BULLISH | 05/03/24 | $3.50 | $56.4K | 269 | 3.0K |
| UAA | PUT | TRADE | NEUTRAL | 03/21/25 | $7.50 | $428.4K | 0 | 2.8K |
| AMZN | CALL | TRADE | BEARISH | 07/19/24 | $195.00 | $594.0K | 7.0K | 1.6K |
| RIVN | PUT | SWEEP | BULLISH | 01/16/26 | $2.50 | $35.1K | 13.1K | 1.1K |
| BABA | CALL | TRADE | BULLISH | 04/26/24 | $67.00 | $27.5K | 67 | 505 |
| LOW | CALL | SWEEP | BEARISH | 09/20/24 | $290.00 | $51.0K | 515 | 394 |
| CPNG | CALL | SWEEP | BEARISH | 01/17/25 | $27.50 | $32.9K | 4.2K | 57 |
| PDD | CALL | SWEEP | BEARISH | 09/20/24 | $130.00 | $34.8K | 1.3K | 51 |
| CMG | PUT | TRADE | BULLISH | 06/20/25 | $2600.00 | $447.5K | 242 | 42 |
Explanation
These itemized elaborations have been created using the accompanying table.
• Regarding TSLA (NASDAQ:TSLA), we observe a put option sweep with bearish sentiment. It expires in 2 day(s) on April 19, 2024. Parties traded 220 contract(s) at a $155.00 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 $33.2K, with a price of $151.0 per contract. There were 35866 open contracts at this strike prior to today, and today 119406 contract(s) were bought and sold.
• For PTON (NASDAQ:PTON), we notice a call option sweep that happens to be bullish, expiring in 16 day(s) on May 3, 2024. This event was a transfer of 3000 contract(s) at a $3.50 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 $56.4K, with a price of $19.0 per contract. There were 269 open contracts at this strike prior to today, and today 3015 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.
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