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 Staples sector:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| TGT | PUT | TRADE | BEARISH | 07/21/23 | $115.00 | $245.0K | 4.0K | 7.1K |
| WMT | CALL | TRADE | BULLISH | 06/21/24 | $165.00 | $333.9K | 1.1K | 2.0K |
| PEP | PUT | TRADE | BULLISH | 01/19/24 | $180.00 | $147.9K | 1.7K | 447 |
| ELF | CALL | SWEEP | BEARISH | 07/21/23 | $110.00 | $57.0K | 1.3K | 122 |
| MNST | CALL | SWEEP | BEARISH | 01/19/24 | $57.50 | $57.6K | 747 | 117 |
| DG | PUT | SWEEP | BEARISH | 01/19/24 | $150.00 | $51.0K | 300 | 105 |
| COST | CALL | SWEEP | BEARISH | 01/19/24 | $600.00 | $73.0K | 1.2K | 104 |
| PM | PUT | SWEEP | BEARISH | 01/19/24 | $100.00 | $74.0K | 2.0K | 100 |
| HSY | CALL | TRADE | BEARISH | 02/16/24 | $280.00 | $46.6K | 3 | 64 |
| TSN | CALL | TRADE | BULLISH | 01/17/25 | $27.50 | $35.2K | 1.6K | 15 |
Explanation
These bullet-by-bullet explanations have been constructed using the accompanying table.
• For TGT TGT, we notice a put option trade that happens to be bearish, expiring in 29 day(s) on July 21, 2023. This event was a transfer of 7000 contract(s) at a $115.00 strike. The total cost received by the writing party (or parties) was $245.0K, with a price of $35.0 per contract. There were 4089 open contracts at this strike prior to today, and today 7185 contract(s) were bought and sold.
• Regarding WMT WMT, we observe a call option trade with bullish sentiment. It expires in 365 day(s) on June 21, 2024. Parties traded 363 contract(s) at a $165.00 strike. The total cost received by the writing party (or parties) was $333.9K, with a price of $920.0 per contract. There were 1174 open contracts at this strike prior to today, and today 2052 contract(s) were bought and sold.
• For PEP PEP, we notice a put option trade that happens to be bullish, expiring in 211 day(s) on January 19, 2024. This event was a transfer of 300 contract(s) at a $180.00 strike. The total cost received by the writing party (or parties) was $147.9K, with a price of $493.0 per contract. There were 1774 open contracts at this strike prior to today, and today 447 contract(s) were bought and sold.
• For ELF ELF, we notice a call option sweep that happens to be bearish, expiring in 29 day(s) on July 21, 2023. This event was a transfer of 100 contract(s) at a $110.00 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 $57.0K, with a price of $570.0 per contract. There were 1393 open contracts at this strike prior to today, and today 122 contract(s) were bought and sold.
• Regarding MNST MNST, we observe a call option sweep with bearish sentiment. It expires in 211 day(s) on January 19, 2024. Parties traded 96 contract(s) at a $57.50 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 $57.6K, with a price of $600.0 per contract. There were 747 open contracts at this strike prior to today, and today 117 contract(s) were bought and sold.
• For DG DG, we notice a put option sweep that happens to be bearish, expiring in 211 day(s) on January 19, 2024. This event was a transfer of 100 contract(s) at a $150.00 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 $51.0K, with a price of $510.0 per contract. There were 300 open contracts at this strike prior to today, and today 105 contract(s) were bought and sold.
• For COST COST, we notice a call option sweep that happens to be bearish, expiring in 211 day(s) on January 19, 2024. This event was a transfer of 100 contract(s) at a $600.00 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 $73.0K, with a price of $730.0 per contract. There were 1239 open contracts at this strike prior to today, and today 104 contract(s) were bought and sold.
• Regarding PM PM, we observe a put option sweep with bearish sentiment. It expires in 211 day(s) on January 19, 2024. Parties traded 100 contract(s) at a $100.00 strike. This particular put needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $74.0K, with a price of $740.0 per contract. There were 2027 open contracts at this strike prior to today, and today 100 contract(s) were bought and sold.
• For HSY HSY, we notice a call option trade that happens to be bearish, expiring in 239 day(s) on February 16, 2024. This event was a transfer of 63 contract(s) at a $280.00 strike. The total cost received by the writing party (or parties) was $46.6K, with a price of $740.0 per contract. There were 3 open contracts at this strike prior to today, and today 64 contract(s) were bought and sold.
• Regarding TSN TSN, we observe a call option trade with bullish sentiment. It expires in 575 day(s) on January 17, 2025. Parties traded 15 contract(s) at a $27.50 strike. The total cost received by the writing party (or parties) was $35.2K, with a price of $2350.0 per contract. There were 1613 open contracts at this strike prior to today, and today 15 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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