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.
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 | TRADE | NEUTRAL | 10/25/24 | $215.00 | $59.2K | 12.6K | 24.3K |
| BABA | CALL | SWEEP | BULLISH | 10/25/24 | $100.00 | $27.9K | 3.8K | 4.8K |
| AMZN | CALL | TRADE | BEARISH | 06/20/25 | $180.00 | $97.8K | 7.4K | 1.2K |
| CZR | CALL | SWEEP | BEARISH | 01/16/26 | $50.00 | $50.1K | 17.3K | 795 |
| HD | CALL | SWEEP | BULLISH | 11/29/24 | $440.00 | $76.5K | 18 | 625 |
| TJX | CALL | SWEEP | BULLISH | 06/20/25 | $120.00 | $52.9K | 1.0K | 402 |
| GM | CALL | SWEEP | BEARISH | 11/01/24 | $50.00 | $34.1K | 7.4K | 310 |
| GCT | CALL | TRADE | BEARISH | 01/17/25 | $25.00 | $28.1K | 4.8K | 237 |
| BLD | PUT | SWEEP | BULLISH | 11/15/24 | $370.00 | $50.4K | 10 | 237 |
| WGO | PUT | TRADE | BULLISH | 01/17/25 | $60.00 | $26.7K | 2.3K | 211 |
Explanation
These bullet-by-bullet explanations have been constructed using the accompanying table.
• For TSLA (NASDAQ:TSLA), we notice a put option trade that happens to be neutral, expiring in 2 day(s) on October 25, 2024. This event was a transfer of 67 contract(s) at a $215.00 strike. The total cost received by the writing party (or parties) was $59.2K, with a price of $885.0 per contract. There were 12624 open contracts at this strike prior to today, and today 24399 contract(s) were bought and sold.
• Regarding BABA (NYSE:BABA), we observe a call option sweep with bullish sentiment. It expires in 2 day(s) on October 25, 2024. Parties traded 500 contract(s) at a $100.00 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 $27.9K, with a price of $56.0 per contract. There were 3843 open contracts at this strike prior to today, and today 4882 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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