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 | TRADE | BEARISH | 05/31/24 | $177.50 | $47.6K | 10.8K | 90.4K |
| DKS | PUT | TRADE | BEARISH | 07/19/24 | $170.00 | $186.4K | 5.4K | 5.1K |
| BABA | CALL | SWEEP | BULLISH | 06/14/24 | $85.00 | $39.3K | 2.9K | 3.7K |
| PENN | CALL | TRADE | BEARISH | 06/21/24 | $17.50 | $39.3K | 13.1K | 3.4K |
| W | CALL | SWEEP | BULLISH | 07/19/24 | $50.00 | $55.1K | 79 | 1.5K |
| JD | CALL | SWEEP | NEUTRAL | 06/07/24 | $30.00 | $39.6K | 265 | 1.0K |
| CAVA | CALL | SWEEP | BULLISH | 06/21/24 | $80.00 | $25.1K | 849 | 717 |
| ANF | CALL | SWEEP | BULLISH | 05/31/24 | $175.00 | $39.0K | 639 | 613 |
| BOOT | PUT | SWEEP | BULLISH | 06/21/24 | $110.00 | $74.3K | 655 | 500 |
| GME | PUT | SWEEP | BEARISH | 07/19/24 | $20.00 | $85.0K | 8.2K | 358 |
Explanation
These itemized elaborations have been created using the accompanying table.
• For TSLA (NASDAQ:TSLA), we notice a call option trade that happens to be bearish, expiring in 2 day(s) on May 31, 2024. This event was a transfer of 200 contract(s) at a $177.50 strike. The total cost received by the writing party (or parties) was $47.6K, with a price of $238.0 per contract. There were 10839 open contracts at this strike prior to today, and today 90449 contract(s) were bought and sold.
• For DKS (NYSE:DKS), we notice a put option trade that happens to be bearish, expiring in 51 day(s) on July 19, 2024. This event was a transfer of 4144 contract(s) at a $170.00 strike. The total cost received by the writing party (or parties) was $186.4K, with a price of $45.0 per contract. There were 5456 open contracts at this strike prior to today, and today 5103 contract(s) were bought and sold.
• For PENN (NASDAQ:PENN), we notice a call option trade that happens to be bearish, expiring in 23 day(s) on June 21, 2024. This event was a transfer of 2187 contract(s) at a $17.50 strike. The total cost received by the writing party (or parties) was $39.3K, with a price of $18.0 per contract. There were 13136 open contracts at this strike prior to today, and today 3453 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.
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