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.
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 |
|---|---|---|---|---|---|---|---|---|
| TSLA | CALL | SWEEP | NEUTRAL | 12/18/20 | $620.00 | $480.7K | 7.5K | 17.6K |
| PTON | CALL | TRADE | BULLISH | 12/18/20 | $135.00 | $30.7K | 2.0K | 11.3K |
| JMIA | CALL | TRADE | BEARISH | 12/18/20 | $35.00 | $450.0K | 5.2K | 7.3K |
| DKNG | CALL | SWEEP | BULLISH | 12/18/20 | $52.00 | $27.3K | 7.1K | 6.7K |
| NIO | CALL | SWEEP | BULLISH | 01/15/21 | $50.00 | $131.9K | 44.3K | 5.5K |
| WW | CALL | SWEEP | BEARISH | 01/15/21 | $32.50 | $51.7K | 4.5K | 3.4K |
| BABA | CALL | SWEEP | BEARISH | 12/18/20 | $255.00 | $281.4K | 6.7K | 2.7K |
| OSTK | CALL | TRADE | BULLISH | 12/31/20 | $80.00 | $56.0K | 58 | 1.7K |
| JD | PUT | SWEEP | BULLISH | 02/19/21 | $82.50 | $173.3K | 499 | 1.3K |
| AMZN | CALL | SWEEP | NEUTRAL | 12/18/20 | $3340.00 | $81.6K | 686 | 818 |
Explanation
These bullet-by-bullet explanations have been constructed using the accompanying table.
• Regarding TSLA TSLA, we observe a call option sweep with neutral sentiment. It expires in 2 day(s) on December 18, 2020. A trader bought 220 contract(s) at a $620.00 strike. This particular call needed to be split into 33 different trades to become filled. The trader or institution spent $480.7K on this trade with a price of $2180.0 per contract. There were 7593 open contracts at this strike prior to today, and today 17643 contract(s) were bought and sold.
• For PTON PTON, we notice a call option trade that happens to be bullish, expiring in 2 day(s) on December 18, 2020. A trader bought 205 contract(s) at a $135.00 strike. The trader or institution spent $30.7K on this trade with a price of $150.0 per contract. There were 2003 open contracts at this strike prior to today, and today 11379 contract(s) were bought and sold.
• Regarding JMIA JMIA, we observe a call option trade with bearish sentiment. It expires in 2 day(s) on December 18, 2020. A trader bought 1000 contract(s) at a $35.00 strike. The trader or institution spent $450.0K on this trade with a price of $450.0 per contract. There were 5275 open contracts at this strike prior to today, and today 7321 contract(s) were bought and sold.
• For DKNG DKNG, we notice a call option sweep that happens to be bullish, expiring in 2 day(s) on December 18, 2020. A trader bought 249 contract(s) at a $52.00 strike. This particular call needed to be split into 7 different trades to become filled. The trader or institution spent $27.3K on this trade with a price of $110.0 per contract. There were 7181 open contracts at this strike prior to today, and today 6774 contract(s) were bought and sold.
• Regarding NIO NIO, we observe a call option sweep with bullish sentiment. It expires in 30 day(s) on January 15, 2021. A trader bought 300 contract(s) at a $50.00 strike. This particular call needed to be split into 22 different trades to become filled. The trader or institution spent $131.9K on this trade with a price of $440.0 per contract. There were 44376 open contracts at this strike prior to today, and today 5583 contract(s) were bought and sold.
• Regarding WW WW, we observe a call option sweep with bearish sentiment. It expires in 30 day(s) on January 15, 2021. A trader bought 414 contract(s) at a $32.50 strike. This particular call needed to be split into 54 different trades to become filled. The trader or institution spent $51.7K on this trade with a price of $125.0 per contract. There were 4589 open contracts at this strike prior to today, and today 3472 contract(s) were bought and sold.
• For BABA BABA, we notice a call option sweep that happens to be bearish, expiring in 2 day(s) on December 18, 2020. A trader bought 420 contract(s) at a $255.00 strike. This particular call needed to be split into 33 different trades to become filled. The trader or institution spent $281.4K on this trade with a price of $670.0 per contract. There were 6798 open contracts at this strike prior to today, and today 2789 contract(s) were bought and sold.
• For OSTK OSTK, we notice a call option trade that happens to be bullish, expiring in 15 day(s) on December 31, 2020. A trader bought 400 contract(s) at a $80.00 strike. The trader or institution spent $56.0K on this trade with a price of $140.0 per contract. There were 58 open contracts at this strike prior to today, and today 1797 contract(s) were bought and sold.
• Regarding JD JD, we observe a put option sweep with bullish sentiment. It expires in 65 day(s) on February 19, 2021. A trader bought 273 contract(s) at a $82.50 strike. This particular put needed to be split into 21 different trades to become filled. The trader or institution spent $173.3K on this trade with a price of $635.0 per contract. There were 499 open contracts at this strike prior to today, and today 1384 contract(s) were bought and sold.
• Regarding AMZN AMZN, we observe a call option sweep with neutral sentiment. It expires in 2 day(s) on December 18, 2020. A trader bought 200 contract(s) at a $3340.00 strike. This particular call needed to be split into 4 different trades to become filled. The trader or institution spent $81.6K on this trade with a price of $408.0 per contract. There were 686 open contracts at this strike prior to today, and today 818 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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