This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels.
Below are some instances of 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 | BEARISH | 11/11/22 | $210.00 | $28.1K | 5.7K | 50.2K |
| NIO | CALL | SWEEP | BULLISH | 01/20/23 | $13.00 | $53.5K | 7.8K | 2.5K |
| PDD | CALL | SWEEP | BULLISH | 11/11/22 | $65.00 | $48.5K | 2.4K | 1.6K |
| F | PUT | SWEEP | BULLISH | 01/19/24 | $12.00 | $43.3K | 86.3K | 1.1K |
| CWH | CALL | SWEEP | BULLISH | 12/16/22 | $28.00 | $43.1K | 186 | 768 |
| CVNA | CALL | SWEEP | BULLISH | 12/16/22 | $2.50 | $43.8K | 5 | 198 |
| ABNB | CALL | SWEEP | BULLISH | 01/19/24 | $130.00 | $78.3K | 289 | 106 |
| YUM | PUT | TRADE | BULLISH | 01/19/24 | $160.00 | $60.8K | 0 | 88 |
| MELI | CALL | TRADE | BEARISH | 01/20/23 | $1020.00 | $76.5K | 52 | 72 |
| ULTA | CALL | TRADE | BEARISH | 01/19/24 | $440.00 | $61.6K | 238 | 62 |
Explanation
These itemized elaborations have been created using the accompanying table.
• For TSLA TSLA, we notice a call option sweep that happens to be bearish, expiring in 4 day(s) on November 11, 2022. This event was a transfer of 95 contract(s) at a $210.00 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $28.1K, with a price of $296.0 per contract. There were 5771 open contracts at this strike prior to today, and today 50243 contract(s) were bought and sold.
• Regarding NIO NIO, we observe a call option sweep with bullish sentiment. It expires in 74 day(s) on January 20, 2023. Parties traded 500 contract(s) at a $13.00 strike. This particular call needed to be split into 35 different trades to become filled. The total cost received by the writing party (or parties) was $53.5K, with a price of $107.0 per contract. There were 7855 open contracts at this strike prior to today, and today 2504 contract(s) were bought and sold.
• For PDD PDD, we notice a call option sweep that happens to be bullish, expiring in 4 day(s) on November 11, 2022. This event was a transfer of 215 contract(s) at a $65.00 strike. This particular call needed to be split into 12 different trades to become filled. The total cost received by the writing party (or parties) was $48.5K, with a price of $226.0 per contract. There were 2487 open contracts at this strike prior to today, and today 1687 contract(s) were bought and sold.
• For F F, we notice a put option sweep that happens to be bullish, expiring in 438 day(s) on January 19, 2024. This event was a transfer of 252 contract(s) at a $12.00 strike. This particular put needed to be split into 13 different trades to become filled. The total cost received by the writing party (or parties) was $43.3K, with a price of $172.0 per contract. There were 86387 open contracts at this strike prior to today, and today 1108 contract(s) were bought and sold.
• Regarding CWH CWH, we observe a call option sweep with bullish sentiment. It expires in 39 day(s) on December 16, 2022. Parties traded 375 contract(s) at a $28.00 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 $43.1K, with a price of $115.0 per contract. There were 186 open contracts at this strike prior to today, and today 768 contract(s) were bought and sold.
• Regarding CVNA CVNA, we observe a call option sweep with bullish sentiment. It expires in 39 day(s) on December 16, 2022. Parties traded 86 contract(s) at a $2.50 strike. This particular call needed to be split into 11 different trades to become filled. The total cost received by the writing party (or parties) was $43.8K, with a price of $510.0 per contract. There were 5 open contracts at this strike prior to today, and today 198 contract(s) were bought and sold.
• For ABNB ABNB, we notice a call option sweep that happens to be bullish, expiring in 438 day(s) on January 19, 2024. This event was a transfer of 67 contract(s) at a $130.00 strike. This particular call needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $78.3K, with a price of $1170.0 per contract. There were 289 open contracts at this strike prior to today, and today 106 contract(s) were bought and sold.
• Regarding YUM YUM, we observe a put option trade with bullish sentiment. It expires in 438 day(s) on January 19, 2024. Parties traded 16 contract(s) at a $160.00 strike. The total cost received by the writing party (or parties) was $60.8K, with a price of $3800.0 per contract. There were 0 open contracts at this strike prior to today, and today 88 contract(s) were bought and sold.
• For MELI MELI, we notice a call option trade that happens to be bearish, expiring in 74 day(s) on January 20, 2023. This event was a transfer of 11 contract(s) at a $1020.00 strike. The total cost received by the writing party (or parties) was $76.5K, with a price of $6960.0 per contract. There were 52 open contracts at this strike prior to today, and today 72 contract(s) were bought and sold.
• Regarding ULTA ULTA, we observe a call option trade with bearish sentiment. It expires in 438 day(s) on January 19, 2024. Parties traded 9 contract(s) at a $440.00 strike. The total cost received by the writing party (or parties) was $61.6K, with a price of $6850.0 per contract. There were 238 open contracts at this strike prior to today, and today 62 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.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
|---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
