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 |
|---|---|---|---|---|---|---|---|---|
| F | CALL | SWEEP | BULLISH | 01/15/21 | $10.00 | $39.3K | 307.6K | 93.4K |
| DKNG | CALL | SWEEP | BULLISH | 01/15/21 | $55.00 | $36.2K | 53.4K | 28.8K |
| TSLA | CALL | TRADE | BULLISH | 01/15/21 | $1000.00 | $43.0K | 30.1K | 25.8K |
| NIO | CALL | SWEEP | BULLISH | 01/15/21 | $63.00 | $119.2K | 8.7K | 20.4K |
| XPEV | CALL | SWEEP | BULLISH | 01/15/21 | $52.00 | $121.1K | 1.8K | 7.8K |
| ETSY | CALL | SWEEP | BEARISH | 02/19/21 | $220.00 | $360.0K | 424 | 6.5K |
| PENN | PUT | TRADE | BEARISH | 01/15/21 | $100.00 | $87.5K | 994 | 2.6K |
| LI | CALL | SWEEP | BEARISH | 01/22/21 | $36.00 | $43.9K | 921 | 1.3K |
| GM | CALL | SWEEP | BULLISH | 02/05/21 | $50.50 | $41.7K | 50 | 1.0K |
| KIRK | PUT | SWEEP | BULLISH | 07/16/21 | $17.50 | $228.0K | 2 | 570 |
Explanation
These bullet-by-bullet explanations have been constructed using the accompanying table.
• Regarding F F, we observe a call option sweep with bullish sentiment. It expires in 3 day(s) on January 15, 2021. A trader bought 4377 contract(s) at a $10.00 strike. This particular call needed to be split into 91 different trades to become filled. The trader or institution spent $39.3K on this trade with a price of $9.0 per contract. There were 307635 open contracts at this strike prior to today, and today 93487 contract(s) were bought and sold.
• For DKNG DKNG, we notice a call option sweep that happens to be bullish, expiring in 3 day(s) on January 15, 2021. A trader bought 378 contract(s) at a $55.00 strike. This particular call needed to be split into 3 different trades to become filled. The trader or institution spent $36.2K on this trade with a price of $96.0 per contract. There were 53449 open contracts at this strike prior to today, and today 28844 contract(s) were bought and sold.
• Regarding TSLA TSLA, we observe a call option trade with bullish sentiment. It expires in 3 day(s) on January 15, 2021. A trader bought 215 contract(s) at a $1000.00 strike. The trader or institution spent $43.0K on this trade with a price of $200.0 per contract. There were 30155 open contracts at this strike prior to today, and today 25831 contract(s) were bought and sold.
• For NIO NIO, we notice a call option sweep that happens to be bullish, expiring in 3 day(s) on January 15, 2021. A trader bought 425 contract(s) at a $63.00 strike. This particular call needed to be split into 70 different trades to become filled. The trader or institution spent $119.2K on this trade with a price of $282.0 per contract. There were 8749 open contracts at this strike prior to today, and today 20464 contract(s) were bought and sold.
• Regarding XPEV XPEV, we observe a call option sweep with bullish sentiment. It expires in 3 day(s) on January 15, 2021. A trader bought 577 contract(s) at a $52.00 strike. This particular call needed to be split into 5 different trades to become filled. The trader or institution spent $121.1K on this trade with a price of $210.0 per contract. There were 1880 open contracts at this strike prior to today, and today 7847 contract(s) were bought and sold.
• Regarding ETSY ETSY, we observe a call option sweep with bearish sentiment. It expires in 38 day(s) on February 19, 2021. A trader bought 300 contract(s) at a $220.00 strike. This particular call needed to be split into 12 different trades to become filled. The trader or institution spent $360.0K on this trade with a price of $1200.0 per contract. There were 424 open contracts at this strike prior to today, and today 6517 contract(s) were bought and sold.
• Regarding PENN PENN, we observe a put option trade with bearish sentiment. It expires in 3 day(s) on January 15, 2021. A trader bought 500 contract(s) at a $100.00 strike. The trader or institution spent $87.5K on this trade with a price of $175.0 per contract. There were 994 open contracts at this strike prior to today, and today 2686 contract(s) were bought and sold.
• Regarding LI LI, we observe a call option sweep with bearish sentiment. It expires in 10 day(s) on January 22, 2021. A trader bought 200 contract(s) at a $36.00 strike. This particular call needed to be split into 29 different trades to become filled. The trader or institution spent $43.9K on this trade with a price of $220.0 per contract. There were 921 open contracts at this strike prior to today, and today 1386 contract(s) were bought and sold.
• Regarding GM GM, we observe a call option sweep with bullish sentiment. It expires in 24 day(s) on February 5, 2021. A trader bought 300 contract(s) at a $50.50 strike. This particular call needed to be split into 16 different trades to become filled. The trader or institution spent $41.7K on this trade with a price of $139.0 per contract. There were 50 open contracts at this strike prior to today, and today 1076 contract(s) were bought and sold.
• For KIRK KIRK, we notice a put option sweep that happens to be bullish, expiring in 185 day(s) on July 16, 2021. A trader bought 570 contract(s) at a $17.50 strike. This particular put needed to be split into 35 different trades to become filled. The trader or institution spent $228.0K on this trade with a price of $400.0 per contract. There were 2 open contracts at this strike prior to today, and today 570 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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Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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