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 | SWEEP | BEARISH | 01/03/25 | $380.00 | $81.3K | 13.8K | 83.0K |
| PDD | CALL | SWEEP | BEARISH | 01/31/25 | $120.00 | $54.4K | 2.1K | 1.5K |
| MTN | CALL | TRADE | BULLISH | 02/21/25 | $180.00 | $142.0K | 3 | 706 |
| BABA | CALL | SWEEP | NEUTRAL | 02/21/25 | $75.00 | $113.8K | 1.3K | 703 |
| AMZN | PUT | SWEEP | BULLISH | 04/17/25 | $230.00 | $69.7K | 1.0K | 297 |
| GME | PUT | TRADE | BEARISH | 01/16/26 | $125.00 | $57.7K | 5.0K | 242 |
| HLT | CALL | TRADE | BEARISH | 01/17/25 | $220.00 | $83.0K | 5.0K | 33 |
| NKE | CALL | TRADE | BEARISH | 01/16/26 | $60.00 | $38.5K | 814 | 26 |
| CAVA | CALL | TRADE | NEUTRAL | 01/15/27 | $120.00 | $37.9K | 205 | 10 |
| BKNG | PUT | TRADE | BEARISH | 02/21/25 | $4915.00 | $47.1K | 4 | 3 |
Explanation
These itemized elaborations have been created using the accompanying table.
• For TSLA (NASDAQ:TSLA), we notice a put option sweep that happens to be bearish, expiring in 1 day(s) on January 3, 2025. This event was a transfer of 116 contract(s) at a $380.00 strike. This particular put needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $81.3K, with a price of $705.0 per contract. There were 13842 open contracts at this strike prior to today, and today 83087 contract(s) were bought and sold.
• For PDD (NASDAQ:PDD), we notice a call option sweep that happens to be bearish, expiring in 29 day(s) on January 31, 2025. This event was a transfer of 1428 contract(s) at a $120.00 strike. This particular call needed to be split into 77 different trades to become filled. The total cost received by the writing party (or parties) was $54.4K, with a price of $38.0 per contract. There were 2142 open contracts at this strike prior to today, and today 1541 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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