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 |
|---|---|---|---|---|---|---|---|---|
| TSLA | PUT | TRADE | BULLISH | 04/14/23 | $185.00 | $35.0K | 21.2K | 86.2K |
| CCL | PUT | SWEEP | BEARISH | 09/15/23 | $8.00 | $111.8K | 29.0K | 668 |
| SBUX | PUT | SWEEP | BEARISH | 05/19/23 | $105.00 | $26.5K | 5.5K | 507 |
| RRGB | PUT | SWEEP | BEARISH | 06/16/23 | $15.00 | $48.5K | 118 | 312 |
| LOW | PUT | TRADE | BEARISH | 05/19/23 | $200.00 | $43.7K | 952 | 220 |
| BBBY | PUT | SWEEP | BEARISH | 05/19/23 | $2.50 | $45.4K | 463 | 205 |
| EXPE | CALL | SWEEP | BULLISH | 04/21/23 | $89.00 | $25.0K | 171 | 202 |
| XPEV | PUT | SWEEP | BULLISH | 07/21/23 | $15.00 | $55.0K | 408 | 200 |
| HD | CALL | SWEEP | BEARISH | 05/26/23 | $310.00 | $59.9K | 18 | 167 |
| LULU | PUT | TRADE | NEUTRAL | 01/17/25 | $220.00 | $63.5K | 131 | 152 |
Explanation
These bullet-by-bullet explanations have been constructed using the accompanying table.
• For TSLA TSLA, we notice a put option trade that happens to be bullish, is expiring today. Parties traded 200 contract(s) at a $185.00 strike. The total cost received by the writing party (or parties) was $35.0K, with a price of $175.0 per contract. There were 21242 open contracts at this strike prior to today, and today 86229 contract(s) were bought and sold.
• Regarding CCL CCL, we observe a put option sweep with bearish sentiment. It expires in 154 day(s) on September 15, 2023. Parties traded 1670 contract(s) at a $8.00 strike. This particular put needed to be split into 11 different trades to become filled. The total cost received by the writing party (or parties) was $111.8K, with a price of $67.0 per contract. There were 29098 open contracts at this strike prior to today, and today 668 contract(s) were bought and sold.
• For SBUX SBUX, we notice a put option sweep that happens to be bearish, expiring in 35 day(s) on May 19, 2023. This event was a transfer of 99 contract(s) at a $105.00 strike. This particular put needed to be split into 10 different trades to become filled. The total cost received by the writing party (or parties) was $26.5K, with a price of $268.0 per contract. There were 5572 open contracts at this strike prior to today, and today 507 contract(s) were bought and sold.
• Regarding RRGB RRGB, we observe a put option sweep with bearish sentiment. It expires in 63 day(s) on June 16, 2023. Parties traded 312 contract(s) at a $15.00 strike. This particular put needed to be split into 8 different trades to become filled. The total cost received by the writing party (or parties) was $48.5K, with a price of $158.0 per contract. There were 118 open contracts at this strike prior to today, and today 312 contract(s) were bought and sold.
• For LOW LOW, we notice a put option trade that happens to be bearish, expiring in 35 day(s) on May 19, 2023. This event was a transfer of 80 contract(s) at a $200.00 strike. The total cost received by the writing party (or parties) was $43.7K, with a price of $547.0 per contract. There were 952 open contracts at this strike prior to today, and today 220 contract(s) were bought and sold.
• Regarding BBBY BBBY, we observe a put option sweep with bearish sentiment. It expires in 35 day(s) on May 19, 2023. Parties traded 200 contract(s) at a $2.50 strike. This particular put needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $45.4K, with a price of $227.0 per contract. There were 463 open contracts at this strike prior to today, and today 205 contract(s) were bought and sold.
• For EXPE EXPE, we notice a call option sweep that happens to be bullish, expiring in 7 day(s) on April 21, 2023. This event was a transfer of 100 contract(s) at a $89.00 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 $25.0K, with a price of $253.0 per contract. There were 171 open contracts at this strike prior to today, and today 202 contract(s) were bought and sold.
• For XPEV XPEV, we notice a put option sweep that happens to be bullish, expiring in 98 day(s) on July 21, 2023. This event was a transfer of 100 contract(s) at a $15.00 strike. This particular put needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was $55.0K, with a price of $550.0 per contract. There were 408 open contracts at this strike prior to today, and today 200 contract(s) were bought and sold.
• Regarding HD HD, we observe a call option sweep with bearish sentiment. It expires in 42 day(s) on May 26, 2023. Parties traded 160 contract(s) at a $310.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $59.9K, with a price of $372.0 per contract. There were 18 open contracts at this strike prior to today, and today 167 contract(s) were bought and sold.
• For LULU LULU, we notice a put option trade that happens to be neutral, expiring in 644 day(s) on January 17, 2025. This event was a transfer of 50 contract(s) at a $220.00 strike. The total cost received by the writing party (or parties) was $63.5K, with a price of $1270.0 per contract. There were 131 open contracts at this strike prior to today, and today 152 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.
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 |
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