This unusual options alert can help traders track potentially big trading opportunities. Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Unusual trading activity could push option prices to hyperbolic or underperforming 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 | BULLISH | 02/26/21 | $750.00 | $30.9K | 12.4K | 30.1K |
| NIO | CALL | SWEEP | BULLISH | 02/26/21 | $50.00 | $31.4K | 6.8K | 17.0K |
| NCLH | CALL | SWEEP | BEARISH | 06/18/21 | $32.50 | $206.6K | 25.0K | 16.4K |
| LVS | CALL | TRADE | NEUTRAL | 03/19/21 | $65.00 | $766.2K | 30.0K | 6.2K |
| WKHS | CALL | SWEEP | BEARISH | 03/19/21 | $15.00 | $99.1K | 2.6K | 3.2K |
| GME | PUT | TRADE | BEARISH | 04/16/21 | $100.00 | $900.0K | 1.4K | 2.2K |
| F | CALL | TRADE | BEARISH | 06/18/21 | $11.00 | $36.8K | 40.4K | 1.7K |
| DKNG | PUT | TRADE | BEARISH | 03/19/21 | $60.00 | $272.5K | 2.9K | 986 |
| XPEV | PUT | SWEEP | BEARISH | 03/19/21 | $37.00 | $158.1K | 1.1K | 917 |
| GM | CALL | SWEEP | BULLISH | 06/18/21 | $55.00 | $183.7K | 23.8K | 859 |
Explanation
These bullet-by-bullet explanations have been constructed using the accompanying table.
• Regarding TSLA TSLA, we observe a call option sweep with bullish sentiment. It expires in 1 day(s) on February 26, 2021. Parties traded 215 contract(s) at a $750.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $30.9K, with a price of $144.0 per contract. There were 12401 open contracts at this strike prior to today, and today 30197 contract(s) were bought and sold.
• For NIO NIO, we notice a call option sweep that happens to be bullish, expiring in 1 day(s) on February 26, 2021. This event was a transfer of 400 contract(s) at a $50.00 strike. This particular call needed to be split into 43 different trades to become filled. The total cost received by the writing party (or parties) was $31.4K, with a price of $79.0 per contract. There were 6889 open contracts at this strike prior to today, and today 17013 contract(s) were bought and sold.
• For NCLH NCLH, we notice a call option sweep that happens to be bearish, expiring in 113 day(s) on June 18, 2021. This event was a transfer of 523 contract(s) at a $32.50 strike. This particular call needed to be split into 29 different trades to become filled. The total cost received by the writing party (or parties) was $206.6K, with a price of $395.0 per contract. There were 25088 open contracts at this strike prior to today, and today 16465 contract(s) were bought and sold.
• Regarding LVS LVS, we observe a call option trade with neutral sentiment. It expires in 22 day(s) on March 19, 2021. Parties traded 3870 contract(s) at a $65.00 strike. The total cost received by the writing party (or parties) was $766.2K, with a price of $198.0 per contract. There were 30076 open contracts at this strike prior to today, and today 6232 contract(s) were bought and sold.
• Regarding WKHS WKHS, we observe a call option sweep with bearish sentiment. It expires in 22 day(s) on March 19, 2021. Parties traded 354 contract(s) at a $15.00 strike. This particular call needed to be split into 21 different trades to become filled. The total cost received by the writing party (or parties) was $99.1K, with a price of $280.0 per contract. There were 2661 open contracts at this strike prior to today, and today 3280 contract(s) were bought and sold.
• Regarding GME GME, we observe a put option trade with bearish sentiment. It expires in 50 day(s) on April 16, 2021. Parties traded 200 contract(s) at a $100.00 strike. The total cost received by the writing party (or parties) was $900.0K, with a price of $4500.0 per contract. There were 1496 open contracts at this strike prior to today, and today 2249 contract(s) were bought and sold.
• Regarding F F, we observe a call option trade with bearish sentiment. It expires in 113 day(s) on June 18, 2021. Parties traded 200 contract(s) at a $11.00 strike. The total cost received by the writing party (or parties) was $36.8K, with a price of $184.0 per contract. There were 40414 open contracts at this strike prior to today, and today 1744 contract(s) were bought and sold.
• Regarding DKNG DKNG, we observe a put option trade with bearish sentiment. It expires in 22 day(s) on March 19, 2021. Parties traded 500 contract(s) at a $60.00 strike. The total cost received by the writing party (or parties) was $272.5K, with a price of $545.0 per contract. There were 2983 open contracts at this strike prior to today, and today 986 contract(s) were bought and sold.
• For XPEV XPEV, we notice a put option sweep that happens to be bearish, expiring in 22 day(s) on March 19, 2021. This event was a transfer of 333 contract(s) at a $37.00 strike. This particular put needed to be split into 34 different trades to become filled. The total cost received by the writing party (or parties) was $158.1K, with a price of $475.0 per contract. There were 1175 open contracts at this strike prior to today, and today 917 contract(s) were bought and sold.
• Regarding GM GM, we observe a call option sweep with bullish sentiment. It expires in 113 day(s) on June 18, 2021. Parties traded 490 contract(s) at a $55.00 strike. This particular call needed to be split into 13 different trades to become filled. The total cost received by the writing party (or parties) was $183.7K, with a price of $375.0 per contract. There were 23809 open contracts at this strike prior to today, and today 859 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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