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 | CALL | SWEEP | BULLISH | 09/08/23 | $260.00 | $33.5K | 26.2K | 86.2K |
| LI | CALL | TRADE | BEARISH | 01/17/25 | $40.00 | $577.5K | 3.5K | 3.4K |
| DHI | CALL | TRADE | BEARISH | 09/15/23 | $110.00 | $25.4K | 67 | 550 |
| EXPE | PUT | TRADE | BEARISH | 09/08/23 | $109.00 | $43.0K | 74 | 520 |
| NIO | CALL | SWEEP | BULLISH | 01/17/25 | $35.00 | $25.2K | 30.2K | 392 |
| MGM | CALL | SWEEP | BULLISH | 12/15/23 | $44.00 | $86.8K | 522 | 381 |
| DKS | PUT | SWEEP | BEARISH | 03/15/24 | $85.00 | $84.0K | 24 | 278 |
| VFC | PUT | SWEEP | BULLISH | 06/21/24 | $22.50 | $67.2K | 61 | 235 |
| FND | PUT | SWEEP | BEARISH | 09/15/23 | $100.00 | $41.9K | 1.2K | 136 |
| LEN | PUT | SWEEP | BEARISH | 02/16/24 | $115.00 | $43.3K | 4 | 88 |
Explanation
These itemized elaborations have been created using the accompanying table.
• Regarding TSLA TSLA, we observe a call option sweep with bullish sentiment. It expires in 3 day(s) on September 8, 2023. Parties traded 118 contract(s) at a $260.00 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 $33.5K, with a price of $284.0 per contract. There were 26207 open contracts at this strike prior to today, and today 86251 contract(s) were bought and sold.
• For LI LI, we notice a call option trade that happens to be bearish, expiring in 500 day(s) on January 17, 2025. This event was a transfer of 500 contract(s) at a $40.00 strike. The total cost received by the writing party (or parties) was $577.5K, with a price of $1155.0 per contract. There were 3535 open contracts at this strike prior to today, and today 3469 contract(s) were bought and sold.
• For DHI DHI, we notice a call option trade that happens to be bearish, expiring in 10 day(s) on September 15, 2023. This event was a transfer of 50 contract(s) at a $110.00 strike. The total cost received by the writing party (or parties) was $25.4K, with a price of $510.0 per contract. There were 67 open contracts at this strike prior to today, and today 550 contract(s) were bought and sold.
• For EXPE EXPE, we notice a put option trade that happens to be bearish, expiring in 3 day(s) on September 8, 2023. This event was a transfer of 500 contract(s) at a $109.00 strike. The total cost received by the writing party (or parties) was $43.0K, with a price of $86.0 per contract. There were 74 open contracts at this strike prior to today, and today 520 contract(s) were bought and sold.
• For NIO NIO, we notice a call option sweep that happens to be bullish, expiring in 500 day(s) on January 17, 2025. This event was a transfer of 300 contract(s) at a $35.00 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 $25.2K, with a price of $84.0 per contract. There were 30203 open contracts at this strike prior to today, and today 392 contract(s) were bought and sold.
• Regarding MGM MGM, we observe a call option sweep with bullish sentiment. It expires in 101 day(s) on December 15, 2023. Parties traded 325 contract(s) at a $44.00 strike. This particular call needed to be split into 11 different trades to become filled. The total cost received by the writing party (or parties) was $86.8K, with a price of $267.0 per contract. There were 522 open contracts at this strike prior to today, and today 381 contract(s) were bought and sold.
• For DKS DKS, we notice a put option sweep that happens to be bearish, expiring in 192 day(s) on March 15, 2024. This event was a transfer of 280 contract(s) at a $85.00 strike. This particular put needed to be split into 33 different trades to become filled. The total cost received by the writing party (or parties) was $84.0K, with a price of $300.0 per contract. There were 24 open contracts at this strike prior to today, and today 278 contract(s) were bought and sold.
• Regarding VFC VFC, we observe a put option sweep with bullish sentiment. It expires in 290 day(s) on June 21, 2024. Parties traded 140 contract(s) at a $22.50 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 $67.2K, with a price of $480.0 per contract. There were 61 open contracts at this strike prior to today, and today 235 contract(s) were bought and sold.
• For FND FND, we notice a put option sweep that happens to be bearish, expiring in 10 day(s) on September 15, 2023. This event was a transfer of 127 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 $41.9K, with a price of $330.0 per contract. There were 1249 open contracts at this strike prior to today, and today 136 contract(s) were bought and sold.
• Regarding LEN LEN, we observe a put option sweep with bearish sentiment. It expires in 164 day(s) on February 16, 2024. Parties traded 48 contract(s) at a $115.00 strike. This particular put needed to be split into 29 different trades to become filled. The total cost received by the writing party (or parties) was $43.3K, with a price of $903.0 per contract. There were 4 open contracts at this strike prior to today, and today 88 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.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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