This unusual options alert can help traders discover the next big trading opportunities. Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. Unusual trading activity could push option prices to exaggerated or underestimated levels.
Here's the list of some unusual 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 | BEARISH | 12/11/20 | $600.00 | $113.0K | 15.4K | 41.4K |
| GM | CALL | SWEEP | NEUTRAL | 03/19/21 | $45.00 | $48.1K | 11.6K | 4.5K |
| NIO | CALL | SWEEP | BULLISH | 12/18/20 | $42.00 | $46.8K | 2.9K | 4.4K |
| LI | PUT | TRADE | BULLISH | 01/15/21 | $30.00 | $850.5K | 3.7K | 3.3K |
| XPEV | CALL | SWEEP | BEARISH | 12/24/20 | $50.00 | $45.6K | 771 | 3.1K |
| DKNG | CALL | SWEEP | BEARISH | 01/15/21 | $60.00 | $40.0K | 29.1K | 2.5K |
| NKE | PUT | SWEEP | BEARISH | 12/11/20 | $137.00 | $34.8K | 1.7K | 1.6K |
| GME | PUT | TRADE | BULLISH | 12/11/20 | $16.00 | $119.1K | 3.9K | 1.1K |
| MGM | CALL | SWEEP | BEARISH | 12/18/20 | $29.00 | $128.4K | 4.2K | 1.0K |
| BJRI | CALL | SWEEP | BEARISH | 04/16/21 | $45.00 | $171.0K | 421 | 900 |
Explanation
These bullet-by-bullet explanations have been constructed using the accompanying table.
• For TSLA TSLA, we notice a put option sweep that happens to be bearish, is expiring today. A trader bought 257 contract(s) at a $600.00 strike. This particular put needed to be split into 6 different trades to become filled. The trader or institution spent $113.0K on this trade with a price of $445.0 per contract. There were 15459 open contracts at this strike prior to today, and today 41404 contract(s) were bought and sold.
• For GM GM, we notice a call option sweep that happens to be neutral, expiring in 98 day(s) on March 19, 2021. A trader bought 200 contract(s) at a $45.00 strike. This particular call needed to be split into 4 different trades to become filled. The trader or institution spent $48.1K on this trade with a price of $241.0 per contract. There were 11698 open contracts at this strike prior to today, and today 4549 contract(s) were bought and sold.
• For NIO NIO, we notice a call option sweep that happens to be bullish, expiring in 7 day(s) on December 18, 2020. A trader bought 200 contract(s) at a $42.00 strike. This particular call needed to be split into 4 different trades to become filled. The trader or institution spent $46.8K on this trade with a price of $234.0 per contract. There were 2977 open contracts at this strike prior to today, and today 4424 contract(s) were bought and sold.
• For LI LI, we notice a put option trade that happens to be bullish, expiring in 35 day(s) on January 15, 2021. A trader bought 2700 contract(s) at a $30.00 strike. The trader or institution spent $850.5K on this trade with a price of $315.0 per contract. There were 3797 open contracts at this strike prior to today, and today 3330 contract(s) were bought and sold.
• For XPEV XPEV, we notice a call option sweep that happens to be bearish, expiring in 13 day(s) on December 24, 2020. A trader bought 344 contract(s) at a $50.00 strike. This particular call needed to be split into 29 different trades to become filled. The trader or institution spent $45.6K on this trade with a price of $139.0 per contract. There were 771 open contracts at this strike prior to today, and today 3138 contract(s) were bought and sold.
• Regarding DKNG DKNG, we observe a call option sweep with bearish sentiment. It expires in 35 day(s) on January 15, 2021. A trader bought 250 contract(s) at a $60.00 strike. This particular call needed to be split into 15 different trades to become filled. The trader or institution spent $40.0K on this trade with a price of $160.0 per contract. There were 29127 open contracts at this strike prior to today, and today 2513 contract(s) were bought and sold.
• For NKE NKE, we notice a put option sweep that happens to be bearish, is expiring today. A trader bought 435 contract(s) at a $137.00 strike. This particular put needed to be split into 24 different trades to become filled. The trader or institution spent $34.8K on this trade with a price of $80.0 per contract. There were 1781 open contracts at this strike prior to today, and today 1634 contract(s) were bought and sold.
• For GME GME, we notice a put option trade that happens to be bullish, is expiring today. A trader bought 418 contract(s) at a $16.00 strike. The trader or institution spent $119.1K on this trade with a price of $285.0 per contract. There were 3945 open contracts at this strike prior to today, and today 1138 contract(s) were bought and sold.
• Regarding MGM MGM, we observe a call option sweep with bearish sentiment. It expires in 7 day(s) on December 18, 2020. A trader bought 1003 contract(s) at a $29.00 strike. This particular call needed to be split into 37 different trades to become filled. The trader or institution spent $128.4K on this trade with a price of $126.0 per contract. There were 4275 open contracts at this strike prior to today, and today 1017 contract(s) were bought and sold.
• For BJRI BJRI, we notice a call option sweep that happens to be bearish, expiring in 126 day(s) on April 16, 2021. A trader bought 900 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 $171.0K on this trade with a price of $190.0 per contract. There were 421 open contracts at this strike prior to today, and today 900 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.
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Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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