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 |
|---|---|---|---|---|---|---|---|---|
| NIO | CALL | SWEEP | BEARISH | 12/31/20 | $45.00 | $89.2K | 12.2K | 33.3K |
| BABA | CALL | SWEEP | BEARISH | 12/31/20 | $240.00 | $29.1K | 7.6K | 32.8K |
| LI | CALL | SWEEP | BEARISH | 12/31/20 | $28.50 | $38.9K | 1.1K | 16.6K |
| TSLA | PUT | SWEEP | BEARISH | 12/31/20 | $660.00 | $192.0K | 5.4K | 13.1K |
| DKNG | CALL | SWEEP | BEARISH | 01/15/21 | $55.00 | $116.4K | 48.5K | 5.3K |
| BLNK | PUT | TRADE | BULLISH | 03/19/21 | $20.00 | $44.8K | 907 | 4.3K |
| HOG | PUT | TRADE | BULLISH | 01/15/21 | $35.00 | $123.9K | 684 | 1.7K |
| GME | PUT | TRADE | BEARISH | 12/31/20 | $21.00 | $34.4K | 2.4K | 1.6K |
| PLAY | CALL | TRADE | BEARISH | 12/31/20 | $30.00 | $29.4K | 2.0K | 1.3K |
| PTON | PUT | SWEEP | BEARISH | 03/19/21 | $100.00 | $84.7K | 3.0K | 1.2K |
Explanation
These itemized elaboration has been created using the accompanying table.
• For NIO NIO, we notice a call option sweep that happens to be bearish, expiring in 2 day(s) on December 31, 2020. A trader bought 939 contract(s) at a $45.00 strike. This particular call needed to be split into 12 different trades to become filled. The trader or institution spent $89.2K on this trade with a price of $95.0 per contract. There were 12280 open contracts at this strike prior to today, and today 33313 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 31, 2020. A trader bought 243 contract(s) at a $240.00 strike. This particular call needed to be split into 16 different trades to become filled. The trader or institution spent $29.1K on this trade with a price of $120.0 per contract. There were 7609 open contracts at this strike prior to today, and today 32892 contract(s) were bought and sold.
• For LI LI, we notice a call option sweep that happens to be bearish, expiring in 2 day(s) on December 31, 2020. A trader bought 555 contract(s) at a $28.50 strike. This particular call needed to be split into 90 different trades to become filled. The trader or institution spent $38.9K on this trade with a price of $70.0 per contract. There were 1145 open contracts at this strike prior to today, and today 16643 contract(s) were bought and sold.
• For TSLA TSLA, we notice a put option sweep that happens to be bearish, expiring in 2 day(s) on December 31, 2020. A trader bought 200 contract(s) at a $660.00 strike. This particular put needed to be split into 5 different trades to become filled. The trader or institution spent $192.0K on this trade with a price of $970.0 per contract. There were 5477 open contracts at this strike prior to today, and today 13141 contract(s) were bought and sold.
• For DKNG DKNG, we notice a call option sweep that happens to be bearish, expiring in 17 day(s) on January 15, 2021. A trader bought 1500 contract(s) at a $55.00 strike. This particular call needed to be split into 101 different trades to become filled. The trader or institution spent $116.4K on this trade with a price of $70.0 per contract. There were 48539 open contracts at this strike prior to today, and today 5306 contract(s) were bought and sold.
• Regarding BLNK BLNK, we observe a put option trade with bullish sentiment. It expires in 80 day(s) on March 19, 2021. A trader bought 204 contract(s) at a $20.00 strike. The trader or institution spent $44.8K on this trade with a price of $220.0 per contract. There were 907 open contracts at this strike prior to today, and today 4346 contract(s) were bought and sold.
• Regarding HOG HOG, we observe a put option trade with bullish sentiment. It expires in 17 day(s) on January 15, 2021. A trader bought 1770 contract(s) at a $35.00 strike. The trader or institution spent $123.9K on this trade with a price of $70.0 per contract. There were 684 open contracts at this strike prior to today, and today 1771 contract(s) were bought and sold.
• For GME GME, we notice a put option trade that happens to be bearish, expiring in 2 day(s) on December 31, 2020. A trader bought 200 contract(s) at a $21.00 strike. The trader or institution spent $34.4K on this trade with a price of $172.0 per contract. There were 2482 open contracts at this strike prior to today, and today 1614 contract(s) were bought and sold.
• Regarding PLAY PLAY, we observe a call option trade with bearish sentiment. It expires in 2 day(s) on December 31, 2020. A trader bought 1178 contract(s) at a $30.00 strike. The trader or institution spent $29.4K on this trade with a price of $25.0 per contract. There were 2068 open contracts at this strike prior to today, and today 1379 contract(s) were bought and sold.
• Regarding PTON PTON, we observe a put option sweep with bearish sentiment. It expires in 80 day(s) on March 19, 2021. A trader bought 278 contract(s) at a $100.00 strike. This particular put needed to be split into 28 different trades to become filled. The trader or institution spent $84.7K on this trade with a price of $300.0 per contract. There were 3010 open contracts at this strike prior to today, and today 1275 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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