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 will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated 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 |
|---|---|---|---|---|---|---|---|---|
| KBH | PUT | TRADE | BULLISH | 05/19/23 | $35.00 | $97.5K | 666 | 1.3K |
| RCL | CALL | TRADE | BULLISH | 04/21/23 | $65.00 | $200.9K | 1.3K | 1.1K |
| TSLA | PUT | SWEEP | BULLISH | 04/06/23 | $197.50 | $54.6K | 1.0K | 953 |
| XPEV | CALL | SWEEP | BEARISH | 03/31/23 | $7.50 | $87.7K | 1.2K | 870 |
| HD | PUT | SWEEP | BULLISH | 03/24/23 | $280.00 | $26.9K | 894 | 766 |
| URBN | PUT | TRADE | BULLISH | 03/31/23 | $26.00 | $42.5K | 146 | 500 |
| AN | PUT | SWEEP | BULLISH | 04/21/23 | $120.00 | $42.9K | 1.4K | 486 |
| LI | PUT | TRADE | BEARISH | 04/21/23 | $22.00 | $36.0K | 1.4K | 401 |
| CZR | PUT | TRADE | BEARISH | 01/19/24 | $75.00 | $32.2K | 58 | 226 |
| GM | CALL | SWEEP | BULLISH | 09/15/23 | $27.00 | $52.2K | 56 | 181 |
Explanation
These bullet-by-bullet explanations have been constructed using the accompanying table.
• Regarding KBH (NYSE:KBH), we observe a put option trade with bullish sentiment. It expires in 57 day(s) on May 19, 2023. Parties traded 1250 contract(s) at a $35.00 strike. The total cost received by the writing party (or parties) was $97.5K, with a price of $78.0 per contract. There were 666 open contracts at this strike prior to today, and today 1361 contract(s) were bought and sold.
• Regarding RCL (NYSE:RCL), we observe a call option trade with bullish sentiment. It expires in 29 day(s) on April 21, 2023. Parties traded 1000 contract(s) at a $65.00 strike. The total cost received by the writing party (or parties) was $200.9K, with a price of $201.0 per contract. There were 1305 open contracts at this strike prior to today, and today 1104 contract(s) were bought and sold.
• For TSLA (NASDAQ:TSLA), we notice a put option sweep that happens to be bullish, expiring in 14 day(s) on April 6, 2023. This event was a transfer of 45 contract(s) at a $197.50 strike. This particular put needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $54.6K, with a price of $1215.0 per contract. There were 1025 open contracts at this strike prior to today, and today 953 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.
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