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 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.
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 | PUT | SWEEP | BULLISH | 07/19/24 | $205.00 | $26.4K | 2.3K | 12.0K |
| CAVA | CALL | TRADE | BEARISH | 07/05/24 | $100.00 | $43.6K | 5.4K | 4.5K |
| CZR | CALL | SWEEP | BULLISH | 08/16/24 | $35.00 | $25.2K | 141 | 2.6K |
| CVNA | CALL | SWEEP | BEARISH | 07/26/24 | $137.00 | $190.0K | 11 | 2.5K |
| CHWY | PUT | SWEEP | NEUTRAL | 07/05/24 | $25.50 | $31.2K | 761 | 2.1K |
| NKE | CALL | TRADE | BEARISH | 01/16/26 | $80.00 | $27.1K | 1.3K | 477 |
| ORLY | PUT | SWEEP | BULLISH | 07/19/24 | $1000.00 | $32.7K | 93 | 166 |
| CMG | CALL | TRADE | BULLISH | 01/17/25 | $54.00 | $26.2K | 6.3K | 150 |
| GME | CALL | SWEEP | BEARISH | 08/16/24 | $55.00 | $60.1K | 429 | 124 |
| AMZN | CALL | SWEEP | BEARISH | 01/17/25 | $180.00 | $135.4K | 25.8K | 57 |
Explanation
These bullet-by-bullet explanations have been constructed using the accompanying table.
• Regarding TSLA (NASDAQ:TSLA), we observe a put option sweep with bullish sentiment. It expires in 18 day(s) on July 19, 2024. Parties traded 36 contract(s) at a $205.00 strike. This particular put needed to be split into 8 different trades to become filled. The total cost received by the writing party (or parties) was $26.4K, with a price of $738.0 per contract. There were 2381 open contracts at this strike prior to today, and today 12046 contract(s) were bought and sold.
• Regarding CAVA (NYSE:CAVA), we observe a call option trade with bearish sentiment. It expires in 4 day(s) on July 5, 2024. Parties traded 970 contract(s) at a $100.00 strike. The total cost received by the writing party (or parties) was $43.6K, with a price of $45.0 per contract. There were 5436 open contracts at this strike prior to today, and today 4581 contract(s) were bought and sold.
• Regarding CZR (NASDAQ:CZR), we observe a call option sweep with bullish sentiment. It expires in 46 day(s) on August 16, 2024. Parties traded 63 contract(s) at a $35.00 strike. This particular call needed to be split into 18 different trades to become filled. The total cost received by the writing party (or parties) was $25.2K, with a price of $400.0 per contract. There were 141 open contracts at this strike prior to today, and today 2646 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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