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 | PUT | SWEEP | BEARISH | 07/28/23 | $265.00 | $37.6K | 13.4K | 102.3K |
| CVNA | CALL | TRADE | BEARISH | 08/04/23 | $50.00 | $30.5K | 11.6K | 20.9K |
| NIO | CALL | TRADE | BULLISH | 09/15/23 | $12.00 | $78.2K | 21.7K | 6.2K |
| F | PUT | SWEEP | BULLISH | 06/21/24 | $9.35 | $119.5K | 27.6K | 3.7K |
| XPEV | CALL | SWEEP | BULLISH | 08/18/23 | $19.00 | $345.8K | 4.8K | 2.5K |
| LI | CALL | SWEEP | BULLISH | 08/11/23 | $50.00 | $41.7K | 71 | 1.0K |
| LEVI | PUT | SWEEP | BEARISH | 09/15/23 | $16.00 | $27.0K | 235 | 200 |
| FTCH | PUT | TRADE | BULLISH | 01/19/24 | $6.00 | $26.0K | 3.0K | 200 |
| RCL | CALL | SWEEP | BULLISH | 01/17/25 | $100.00 | $298.7K | 1.5K | 101 |
| DASH | PUT | TRADE | BULLISH | 09/15/23 | $95.00 | $39.0K | 2 | 80 |
Explanation
These bullet-by-bullet explanations have been constructed using the accompanying table.
• For TSLA (NASDAQ:TSLA), we notice a put option sweep that happens to be bearish, is expiring today. Parties traded 469 contract(s) at a $265.00 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 $37.6K, with a price of $81.0 per contract. There were 13467 open contracts at this strike prior to today, and today 102378 contract(s) were bought and sold.
• For CVNA (NYSE:CVNA), we notice a call option trade that happens to be bearish, expiring in 7 day(s) on August 4, 2023. This event was a transfer of 191 contract(s) at a $50.00 strike. The total cost received by the writing party (or parties) was $30.5K, with a price of $160.0 per contract. There were 11664 open contracts at this strike prior to today, and today 20901 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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