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 |
|---|---|---|---|---|---|---|---|---|
| QS | CALL | TRADE | BEARISH | 02/12/21 | $50.00 | $72.0K | 2.2K | 10.5K |
| BABA | CALL | TRADE | BEARISH | 02/19/21 | $285.00 | $58.4K | 13.2K | 6.9K |
| DKNG | CALL | TRADE | BEARISH | 05/21/21 | $60.00 | $312.0K | 21.7K | 6.9K |
| GME | CALL | SWEEP | BEARISH | 02/05/21 | $150.00 | $150.1K | 4.1K | 5.8K |
| PHM | CALL | TRADE | BEARISH | 04/16/21 | $50.00 | $1.0 million | 1.5K | 5.0K |
| NIO | CALL | SWEEP | BULLISH | 02/05/21 | $59.50 | $43.1K | 3.6K | 4.5K |
| PDD | CALL | TRADE | BULLISH | 02/19/21 | $230.00 | $396.4K | 1.4K | 4.3K |
| BBBY | CALL | SWEEP | BEARISH | 03/12/21 | $26.00 | $175.6K | 5 | 3.5K |
| GM | CALL | SWEEP | BULLISH | 02/12/21 | $60.00 | $28.6K | 2.9K | 3.5K |
| CHWY | CALL | SWEEP | BEARISH | 02/05/21 | $105.00 | $46.2K | 590 | 2.7K |
Explanation
These itemized elaborations have been created using the accompanying table.
• For QS QS, we notice a call option trade that happens to be bearish, expiring in 9 day(s) on February 12, 2021. A trader bought 200 contract(s) at a $50.00 strike. The trader or institution spent $72.0K on this trade with a price of $360.0 per contract. There were 2252 open contracts at this strike prior to today, and today 10516 contract(s) were bought and sold.
• For BABA BABA, we notice a call option trade that happens to be bearish, expiring in 16 day(s) on February 19, 2021. A trader bought 200 contract(s) at a $285.00 strike. The trader or institution spent $58.4K on this trade with a price of $292.0 per contract. There were 13208 open contracts at this strike prior to today, and today 6999 contract(s) were bought and sold.
• Regarding DKNG DKNG, we observe a call option trade with bearish sentiment. It expires in 107 day(s) on May 21, 2021. A trader bought 325 contract(s) at a $60.00 strike. The trader or institution spent $312.0K on this trade with a price of $960.0 per contract. There were 21795 open contracts at this strike prior to today, and today 6956 contract(s) were bought and sold.
• Regarding GME GME, we observe a call option sweep with bearish sentiment. It expires in 2 day(s) on February 5, 2021. A trader bought 395 contract(s) at a $150.00 strike. This particular call needed to be split into 6 different trades to become filled. The trader or institution spent $150.1K on this trade with a price of $380.0 per contract. There were 4156 open contracts at this strike prior to today, and today 5828 contract(s) were bought and sold.
• Regarding PHM PHM, we observe a call option trade with bearish sentiment. It expires in 72 day(s) on April 16, 2021. A trader bought 5000 contract(s) at a $50.00 strike. The trader or institution spent $1.0 million on this trade with a price of $200.0 per contract. There were 1511 open contracts at this strike prior to today, and today 5001 contract(s) were bought and sold.
• For NIO NIO, we notice a call option sweep that happens to be bullish, expiring in 2 day(s) on February 5, 2021. A trader bought 431 contract(s) at a $59.50 strike. This particular call needed to be split into 3 different trades to become filled. The trader or institution spent $43.1K on this trade with a price of $100.0 per contract. There were 3601 open contracts at this strike prior to today, and today 4536 contract(s) were bought and sold.
• For PDD PDD, we notice a call option trade that happens to be bullish, expiring in 16 day(s) on February 19, 2021. A trader bought 1300 contract(s) at a $230.00 strike. The trader or institution spent $396.4K on this trade with a price of $305.0 per contract. There were 1439 open contracts at this strike prior to today, and today 4316 contract(s) were bought and sold.
• Regarding BBBY BBBY, we observe a call option sweep with bearish sentiment. It expires in 37 day(s) on March 12, 2021. A trader bought 532 contract(s) at a $26.00 strike. This particular call needed to be split into 7 different trades to become filled. The trader or institution spent $175.6K on this trade with a price of $330.0 per contract. There were 5 open contracts at this strike prior to today, and today 3590 contract(s) were bought and sold.
• For GM GM, we notice a call option sweep that happens to be bullish, expiring in 9 day(s) on February 12, 2021. A trader bought 503 contract(s) at a $60.00 strike. This particular call needed to be split into 3 different trades to become filled. The trader or institution spent $28.6K on this trade with a price of $57.0 per contract. There were 2969 open contracts at this strike prior to today, and today 3545 contract(s) were bought and sold.
• For CHWY CHWY, we notice a call option sweep that happens to be bearish, expiring in 2 day(s) on February 5, 2021. A trader bought 231 contract(s) at a $105.00 strike. This particular call needed to be split into 4 different trades to become filled. The trader or institution spent $46.2K on this trade with a price of $200.0 per contract. There were 590 open contracts at this strike prior to today, and today 2767 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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