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 | TRADE | BEARISH | 12/04/20 | $55.00 | $37.0K | 17.9K | 31.5K |
| TSLA | CALL | SWEEP | BULLISH | 12/04/20 | $700.00 | $87.8K | 17.0K | 22.9K |
| KNDI | PUT | SWEEP | BEARISH | 12/18/20 | $10.00 | $59.8K | 15.0K | 9.6K |
| JD | CALL | TRADE | BEARISH | 01/15/21 | $90.00 | $105.7K | 20.9K | 6.1K |
| XPEV | CALL | TRADE | BEARISH | 12/04/20 | $60.00 | $83.2K | 3.2K | 2.9K |
| GNUS | CALL | SWEEP | BULLISH | 07/16/21 | $2.00 | $26.4K | 125 | 2.3K |
| M | CALL | SWEEP | BULLISH | 12/18/20 | $12.00 | $28.3K | 18.7K | 2.1K |
| HD | CALL | SWEEP | BULLISH | 12/04/20 | $275.00 | $68.6K | 666 | 1.4K |
| GME | CALL | TRADE | BULLISH | 04/16/21 | $20.00 | $118.0K | 5.4K | 1.2K |
| JWN | CALL | TRADE | BULLISH | 01/15/21 | $32.50 | $51.0K | 2.6K | 811 |
Explanation
These itemized elaboration has been created using the accompanying table.
• Regarding NIO NIO, we observe a call option trade with bearish sentiment. It expires in 4 day(s) on December 4, 2020. A trader bought 250 contract(s) at a $55.00 strike. The trader or institution spent $37.0K on this trade with a price of $148.0 per contract. There were 17964 open contracts at this strike prior to today, and today 31517 contract(s) were bought and sold.
• For TSLA TSLA, we notice a call option sweep that happens to be bullish, expiring in 4 day(s) on December 4, 2020. A trader bought 200 contract(s) at a $700.00 strike. This particular call needed to be split into 42 different trades to become filled. The trader or institution spent $87.8K on this trade with a price of $431.0 per contract. There were 17073 open contracts at this strike prior to today, and today 22910 contract(s) were bought and sold.
• Regarding KNDI KNDI, we observe a put option sweep with bearish sentiment. It expires in 18 day(s) on December 18, 2020. A trader bought 307 contract(s) at a $10.00 strike. This particular put needed to be split into 19 different trades to become filled. The trader or institution spent $59.8K on this trade with a price of $195.0 per contract. There were 15047 open contracts at this strike prior to today, and today 9687 contract(s) were bought and sold.
• For JD JD, we notice a call option trade that happens to be bearish, expiring in 46 day(s) on January 15, 2021. A trader bought 276 contract(s) at a $90.00 strike. The trader or institution spent $105.7K on this trade with a price of $383.0 per contract. There were 20918 open contracts at this strike prior to today, and today 6129 contract(s) were bought and sold.
• For XPEV XPEV, we notice a call option trade that happens to be bearish, expiring in 4 day(s) on December 4, 2020. A trader bought 250 contract(s) at a $60.00 strike. The trader or institution spent $83.2K on this trade with a price of $333.0 per contract. There were 3290 open contracts at this strike prior to today, and today 2924 contract(s) were bought and sold.
• For GNUS GNUS, we notice a call option sweep that happens to be bullish, expiring in 228 day(s) on July 16, 2021. A trader bought 757 contract(s) at a $2.00 strike. This particular call needed to be split into 3 different trades to become filled. The trader or institution spent $26.4K on this trade with a price of $35.0 per contract. There were 125 open contracts at this strike prior to today, and today 2350 contract(s) were bought and sold.
• For M M, we notice a call option sweep that happens to be bullish, expiring in 18 day(s) on December 18, 2020. A trader bought 1050 contract(s) at a $12.00 strike. This particular call needed to be split into 8 different trades to become filled. The trader or institution spent $28.3K on this trade with a price of $27.0 per contract. There were 18756 open contracts at this strike prior to today, and today 2141 contract(s) were bought and sold.
• Regarding HD HD, we observe a call option sweep with bullish sentiment. It expires in 4 day(s) on December 4, 2020. A trader bought 332 contract(s) at a $275.00 strike. This particular call needed to be split into 40 different trades to become filled. The trader or institution spent $68.6K on this trade with a price of $210.0 per contract. There were 666 open contracts at this strike prior to today, and today 1420 contract(s) were bought and sold.
• Regarding GME GME, we observe a call option trade with bullish sentiment. It expires in 137 day(s) on April 16, 2021. A trader bought 200 contract(s) at a $20.00 strike. The trader or institution spent $118.0K on this trade with a price of $590.0 per contract. There were 5412 open contracts at this strike prior to today, and today 1258 contract(s) were bought and sold.
• Regarding JWN JWN, we observe a call option trade with bullish sentiment. It expires in 46 day(s) on January 15, 2021. A trader bought 600 contract(s) at a $32.50 strike. The trader or institution spent $51.0K on this trade with a price of $85.0 per contract. There were 2638 open contracts at this strike prior to today, and today 811 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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
