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 | 06/02/23 | $200.00 | $64.0K | 23.2K | 55.3K |
| ABNB | CALL | SWEEP | BULLISH | 06/02/23 | $109.00 | $44.7K | 1.0K | 1.9K |
| PHM | PUT | TRADE | NEUTRAL | 10/20/23 | $60.00 | $208.0K | 1.2K | 813 |
| DECK | CALL | TRADE | BULLISH | 06/16/23 | $450.00 | $25.0K | 595 | 564 |
| TSCO | PUT | TRADE | BULLISH | 06/02/23 | $220.00 | $34.2K | 56 | 498 |
| LULU | CALL | TRADE | NEUTRAL | 06/02/23 | $350.00 | $95.6K | 433 | 344 |
| CZR | PUT | TRADE | BEARISH | 06/02/23 | $42.00 | $30.6K | 21 | 322 |
| ULTA | CALL | TRADE | BULLISH | 09/15/23 | $500.00 | $25.6K | 65 | 62 |
| WGO | PUT | SWEEP | BEARISH | 06/16/23 | $55.00 | $32.7K | 3.9K | 23 |
| HD | CALL | TRADE | BULLISH | 01/17/25 | $340.00 | $30.0K | 165 | 19 |
Explanation
These bullet-by-bullet explanations have been constructed using the accompanying table.
• For TSLA TSLA, we notice a call option sweep that happens to be bearish, expiring in 4 day(s) on June 2, 2023. This event was a transfer of 236 contract(s) at a $200.00 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 $64.0K, with a price of $272.0 per contract. There were 23272 open contracts at this strike prior to today, and today 55392 contract(s) were bought and sold.
• For ABNB ABNB, we notice a call option sweep that happens to be bullish, expiring in 4 day(s) on June 2, 2023. This event was a transfer of 361 contract(s) at a $109.00 strike. This particular call needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $44.7K, with a price of $124.0 per contract. There were 1084 open contracts at this strike prior to today, and today 1924 contract(s) were bought and sold.
• Regarding PHM PHM, we observe a put option trade with neutral sentiment. It expires in 144 day(s) on October 20, 2023. Parties traded 800 contract(s) at a $60.00 strike. The total cost received by the writing party (or parties) was $208.0K, with a price of $260.0 per contract. There were 1239 open contracts at this strike prior to today, and today 813 contract(s) were bought and sold.
• For DECK DECK, we notice a call option trade that happens to be bullish, expiring in 18 day(s) on June 16, 2023. This event was a transfer of 10 contract(s) at a $450.00 strike. The total cost received by the writing party (or parties) was $25.0K, with a price of $2500.0 per contract. There were 595 open contracts at this strike prior to today, and today 564 contract(s) were bought and sold.
• For TSCO TSCO, we notice a put option trade that happens to be bullish, expiring in 4 day(s) on June 2, 2023. This event was a transfer of 40 contract(s) at a $220.00 strike. The total cost received by the writing party (or parties) was $34.2K, with a price of $855.0 per contract. There were 56 open contracts at this strike prior to today, and today 498 contract(s) were bought and sold.
• For LULU LULU, we notice a call option trade that happens to be neutral, expiring in 4 day(s) on June 2, 2023. This event was a transfer of 99 contract(s) at a $350.00 strike. The total cost received by the writing party (or parties) was $95.6K, with a price of $966.0 per contract. There were 433 open contracts at this strike prior to today, and today 344 contract(s) were bought and sold.
• Regarding CZR CZR, we observe a put option trade with bearish sentiment. It expires in 4 day(s) on June 2, 2023. Parties traded 300 contract(s) at a $42.00 strike. The total cost received by the writing party (or parties) was $30.6K, with a price of $102.0 per contract. There were 21 open contracts at this strike prior to today, and today 322 contract(s) were bought and sold.
• For ULTA ULTA, we notice a call option trade that happens to be bullish, expiring in 109 day(s) on September 15, 2023. This event was a transfer of 40 contract(s) at a $500.00 strike. The total cost received by the writing party (or parties) was $25.6K, with a price of $640.0 per contract. There were 65 open contracts at this strike prior to today, and today 62 contract(s) were bought and sold.
• For WGO WGO, we notice a put option sweep that happens to be bearish, expiring in 18 day(s) on June 16, 2023. This event was a transfer of 262 contract(s) at a $55.00 strike. This particular put needed to be split into 25 different trades to become filled. The total cost received by the writing party (or parties) was $32.7K, with a price of $125.0 per contract. There were 3931 open contracts at this strike prior to today, and today 23 contract(s) were bought and sold.
• Regarding HD HD, we observe a call option trade with bullish sentiment. It expires in 599 day(s) on January 17, 2025. Parties traded 14 contract(s) at a $340.00 strike. The total cost received by the writing party (or parties) was $30.0K, with a price of $2145.0 per contract. There were 165 open contracts at this strike prior to today, and today 19 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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