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.
Here's the list of options activity happening in today's session:
Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
---|---|---|---|---|---|---|---|---|
TSLA | PUT | SWEEP | BULLISH | 07/14/23 | $270.00 | $123.4K | 9.6K | 54.0K |
RIVN | CALL | SWEEP | BEARISH | 07/14/23 | $24.00 | $39.2K | 4.7K | 9.1K |
CZR | CALL | SWEEP | BEARISH | 09/15/23 | $50.00 | $48.5K | 2.9K | 4.4K |
CHGG | PUT | SWEEP | BEARISH | 08/18/23 | $8.00 | $133.5K | 981 | 3.6K |
CRI | PUT | TRADE | BEARISH | 08/18/23 | $70.00 | $764.9K | 4 | 3.0K |
CVNA | CALL | SWEEP | BEARISH | 07/14/23 | $39.00 | $29.6K | 2.2K | 1.3K |
LCID | CALL | SWEEP | BULLISH | 07/28/23 | $7.00 | $47.8K | 2.9K | 1.2K |
LI | PUT | SWEEP | BULLISH | 05/17/24 | $40.00 | $261.0K | 0 | 923 |
ABNB | CALL | SWEEP | BEARISH | 07/14/23 | $131.00 | $33.9K | 328 | 503 |
EDU | CALL | TRADE | BULLISH | 08/18/23 | $50.00 | $45.0K | 452 | 308 |
Explanation
These itemized elaborations have been created using the accompanying table.
• For TSLA TSLA, we notice a put option sweep that happens to be bullish, expiring in 4 day(s) on July 14, 2023. This event was a transfer of 196 contract(s) at a $270.00 strike. This particular put needed to be split into 14 different trades to become filled. The total cost received by the writing party (or parties) was $123.4K, with a price of $630.0 per contract. There were 9666 open contracts at this strike prior to today, and today 54070 contract(s) were bought and sold.
• Regarding RIVN RIVN, we observe a call option sweep with bearish sentiment. It expires in 4 day(s) on July 14, 2023. Parties traded 200 contract(s) at a $24.00 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 $39.2K, with a price of $196.0 per contract. There were 4745 open contracts at this strike prior to today, and today 9143 contract(s) were bought and sold.
• Regarding CZR CZR, we observe a call option sweep with bearish sentiment. It expires in 67 day(s) on September 15, 2023. Parties traded 109 contract(s) at a $50.00 strike. This particular call 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 $445.0 per contract. There were 2953 open contracts at this strike prior to today, and today 4407 contract(s) were bought and sold.
• Regarding CHGG CHGG, we observe a put option sweep with bearish sentiment. It expires in 39 day(s) on August 18, 2023. Parties traded 2226 contract(s) at a $8.00 strike. This particular put needed to be split into 74 different trades to become filled. The total cost received by the writing party (or parties) was $133.5K, with a price of $60.0 per contract. There were 981 open contracts at this strike prior to today, and today 3679 contract(s) were bought and sold.
• Regarding CRI CRI, we observe a put option trade with bearish sentiment. It expires in 39 day(s) on August 18, 2023. Parties traded 3000 contract(s) at a $70.00 strike. The total cost received by the writing party (or parties) was $764.9K, with a price of $255.0 per contract. There were 4 open contracts at this strike prior to today, and today 3002 contract(s) were bought and sold.
• For CVNA CVNA, we notice a call option sweep that happens to be bearish, expiring in 4 day(s) on July 14, 2023. This event was a transfer of 400 contract(s) at a $39.00 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 $29.6K, with a price of $74.0 per contract. There were 2202 open contracts at this strike prior to today, and today 1330 contract(s) were bought and sold.
• Regarding LCID LCID, we observe a call option sweep with bullish sentiment. It expires in 18 day(s) on July 28, 2023. Parties traded 456 contract(s) at a $7.00 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 $47.8K, with a price of $105.0 per contract. There were 2983 open contracts at this strike prior to today, and today 1270 contract(s) were bought and sold.
• For LI LI, we notice a put option sweep that happens to be bullish, expiring in 312 day(s) on May 17, 2024. This event was a transfer of 300 contract(s) at a $40.00 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 $261.0K, with a price of $870.0 per contract. There were 0 open contracts at this strike prior to today, and today 923 contract(s) were bought and sold.
• Regarding ABNB ABNB, we observe a call option sweep with bearish sentiment. It expires in 4 day(s) on July 14, 2023. Parties traded 160 contract(s) at a $131.00 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 $33.9K, with a price of $212.0 per contract. There were 328 open contracts at this strike prior to today, and today 503 contract(s) were bought and sold.
• Regarding EDU EDU, we observe a call option trade with bullish sentiment. It expires in 39 day(s) on August 18, 2023. Parties traded 300 contract(s) at a $50.00 strike. The total cost received by the writing party (or parties) was $45.0K, with a price of $150.0 per contract. There were 452 open contracts at this strike prior to today, and today 308 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.
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