This unusual options alert can help traders track potentially big trading opportunities. Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Unusual trading activity could push option prices to hyperbolic or underperforming levels.
Below are some instances of unusual options activity happening in the Consumer Discretionary sector:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| NIO | CALL | SWEEP | BULLISH | 11/27/20 | $53.00 | $26.8K | 10.3K | 26.2K |
| JMIA | CALL | SWEEP | NEUTRAL | 12/18/20 | $45.00 | $823.3K | 581 | 11.5K |
| DKNG | CALL | SWEEP | BEARISH | 12/18/20 | $50.00 | $99.6K | 17.8K | 5.7K |
| JWN | PUT | SWEEP | BULLISH | 12/18/20 | $25.00 | $130.8K | 555 | 5.3K |
| TSLA | CALL | SWEEP | BEARISH | 12/18/20 | $700.00 | $251.0K | 8.1K | 5.2K |
| FSR | CALL | SWEEP | BEARISH | 12/18/20 | $17.50 | $84.8K | 9.3K | 4.1K |
| XPEV | CALL | SWEEP | BEARISH | 11/27/20 | $66.00 | $43.6K | 281 | 3.6K |
| KNDI | PUT | SWEEP | BEARISH | 12/18/20 | $10.00 | $104.7K | 13.7K | 2.8K |
| GM | CALL | TRADE | BEARISH | 11/27/20 | $44.00 | $39.0K | 5.7K | 2.6K |
| BABA | CALL | TRADE | BEARISH | 12/04/20 | $285.00 | $135.0K | 4.7K | 2.5K |
Explanation
These bullet-by-bullet explanations have been constructed using the accompanying table.
• Regarding NIO NIO, we observe a call option sweep with bullish sentiment. It expires in 2 day(s) on November 27, 2020. A trader bought 200 contract(s) at a $53.00 strike. This particular call needed to be split into 3 different trades to become filled. The trader or institution spent $26.8K on this trade with a price of $134.0 per contract. There were 10354 open contracts at this strike prior to today, and today 26270 contract(s) were bought and sold.
• For JMIA JMIA, we notice a call option sweep that happens to be neutral, expiring in 23 day(s) on December 18, 2020. A trader bought 1976 contract(s) at a $45.00 strike. This particular call needed to be split into 3 different trades to become filled. The trader or institution spent $823.3K on this trade with a price of $420.0 per contract. There were 581 open contracts at this strike prior to today, and today 11530 contract(s) were bought and sold.
• Regarding DKNG DKNG, we observe a call option sweep with bearish sentiment. It expires in 23 day(s) on December 18, 2020. A trader bought 249 contract(s) at a $50.00 strike. This particular call needed to be split into 13 different trades to become filled. The trader or institution spent $99.6K on this trade with a price of $400.0 per contract. There were 17887 open contracts at this strike prior to today, and today 5747 contract(s) were bought and sold.
• For JWN JWN, we notice a put option sweep that happens to be bullish, expiring in 23 day(s) on December 18, 2020. A trader bought 1719 contract(s) at a $25.00 strike. This particular put needed to be split into 3 different trades to become filled. The trader or institution spent $130.8K on this trade with a price of $76.0 per contract. There were 555 open contracts at this strike prior to today, and today 5326 contract(s) were bought and sold.
• Regarding TSLA TSLA, we observe a call option sweep with bearish sentiment. It expires in 23 day(s) on December 18, 2020. A trader bought 200 contract(s) at a $700.00 strike. This particular call needed to be split into 7 different trades to become filled. The trader or institution spent $251.0K on this trade with a price of $1255.0 per contract. There were 8175 open contracts at this strike prior to today, and today 5285 contract(s) were bought and sold.
• For FSR FSR, we notice a call option sweep that happens to be bearish, expiring in 23 day(s) on December 18, 2020. A trader bought 257 contract(s) at a $17.50 strike. This particular call needed to be split into 17 different trades to become filled. The trader or institution spent $84.8K on this trade with a price of $330.0 per contract. There were 9389 open contracts at this strike prior to today, and today 4196 contract(s) were bought and sold.
• For XPEV XPEV, we notice a call option sweep that happens to be bearish, expiring in 2 day(s) on November 27, 2020. A trader bought 257 contract(s) at a $66.00 strike. This particular call needed to be split into 11 different trades to become filled. The trader or institution spent $43.6K on this trade with a price of $170.0 per contract. There were 281 open contracts at this strike prior to today, and today 3672 contract(s) were bought and sold.
• Regarding KNDI KNDI, we observe a put option sweep with bearish sentiment. It expires in 23 day(s) on December 18, 2020. A trader bought 1611 contract(s) at a $10.00 strike. This particular put needed to be split into 48 different trades to become filled. The trader or institution spent $104.7K on this trade with a price of $65.0 per contract. There were 13710 open contracts at this strike prior to today, and today 2862 contract(s) were bought and sold.
• For GM GM, we notice a call option trade that happens to be bearish, expiring in 2 day(s) on November 27, 2020. A trader bought 250 contract(s) at a $44.00 strike. The trader or institution spent $39.0K on this trade with a price of $156.0 per contract. There were 5727 open contracts at this strike prior to today, and today 2614 contract(s) were bought and sold.
• For BABA BABA, we notice a call option trade that happens to be bearish, expiring in 9 day(s) on December 4, 2020. A trader bought 500 contract(s) at a $285.00 strike. The trader or institution spent $135.0K on this trade with a price of $270.0 per contract. There were 4779 open contracts at this strike prior to today, and today 2563 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.
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