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 | CALL | TRADE | BULLISH | 10/20/23 | $252.50 | $43.9K | 3.8K | 23.2K |
| VFS | CALL | SWEEP | BEARISH | 11/03/23 | $6.00 | $377.4K | 5 | 3.8K |
| LULU | PUT | SWEEP | BULLISH | 10/20/23 | $415.00 | $41.4K | 4 | 1.4K |
| PHM | CALL | TRADE | BEARISH | 10/20/23 | $65.00 | $28.4K | 15.8K | 501 |
| CROX | PUT | SWEEP | BEARISH | 11/17/23 | $85.00 | $83.0K | 346 | 234 |
| SKX | CALL | TRADE | NEUTRAL | 01/19/24 | $55.00 | $32.9K | 1.7K | 201 |
| HD | CALL | SWEEP | BEARISH | 10/27/23 | $297.50 | $33.9K | 181 | 135 |
| SBUX | PUT | TRADE | BEARISH | 01/19/24 | $90.00 | $35.5K | 5.7K | 56 |
| KMX | CALL | TRADE | BEARISH | 07/19/24 | $65.00 | $55.4K | 105 | 44 |
| HELE | PUT | TRADE | BULLISH | 10/20/23 | $122.00 | $39.2K | 37 | 37 |
Explanation
These bullet-by-bullet explanations have been constructed using the accompanying table.
• Regarding TSLA TSLA, we observe a call option trade with bullish sentiment. It expires in 4 day(s) on October 20, 2023. Parties traded 60 contract(s) at a $252.50 strike. The total cost received by the writing party (or parties) was $43.9K, with a price of $733.0 per contract. There were 3888 open contracts at this strike prior to today, and today 23214 contract(s) were bought and sold.
• For VFS VFS, we notice a call option sweep that happens to be bearish, expiring in 18 day(s) on November 3, 2023. This event was a transfer of 3774 contract(s) at a $6.00 strike. This particular call needed to be split into 40 different trades to become filled. The total cost received by the writing party (or parties) was $377.4K, with a price of $100.0 per contract. There were 5 open contracts at this strike prior to today, and today 3886 contract(s) were bought and sold.
• Regarding LULU LULU, we observe a put option sweep with bullish sentiment. It expires in 4 day(s) on October 20, 2023. Parties traded 61 contract(s) at a $415.00 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 $41.4K, with a price of $680.0 per contract. There were 4 open contracts at this strike prior to today, and today 1431 contract(s) were bought and sold.
• For PHM PHM, we notice a call option trade that happens to be bearish, expiring in 4 day(s) on October 20, 2023. This event was a transfer of 37 contract(s) at a $65.00 strike. The total cost received by the writing party (or parties) was $28.4K, with a price of $770.0 per contract. There were 15812 open contracts at this strike prior to today, and today 501 contract(s) were bought and sold.
• Regarding CROX CROX, we observe a put option sweep with bearish sentiment. It expires in 32 day(s) on November 17, 2023. Parties traded 151 contract(s) at a $85.00 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 $83.0K, with a price of $550.0 per contract. There were 346 open contracts at this strike prior to today, and today 234 contract(s) were bought and sold.
• For SKX SKX, we notice a call option trade that happens to be neutral, expiring in 95 day(s) on January 19, 2024. This event was a transfer of 194 contract(s) at a $55.00 strike. The total cost received by the writing party (or parties) was $32.9K, with a price of $170.0 per contract. There were 1707 open contracts at this strike prior to today, and today 201 contract(s) were bought and sold.
• Regarding HD HD, we observe a call option sweep with bearish sentiment. It expires in 11 day(s) on October 27, 2023. Parties traded 78 contract(s) at a $297.50 strike. This particular call needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was $33.9K, with a price of $435.0 per contract. There were 181 open contracts at this strike prior to today, and today 135 contract(s) were bought and sold.
• For SBUX SBUX, we notice a put option trade that happens to be bearish, expiring in 95 day(s) on January 19, 2024. This event was a transfer of 111 contract(s) at a $90.00 strike. The total cost received by the writing party (or parties) was $35.5K, with a price of $320.0 per contract. There were 5796 open contracts at this strike prior to today, and today 56 contract(s) were bought and sold.
• Regarding KMX KMX, we observe a call option trade with bearish sentiment. It expires in 277 day(s) on July 19, 2024. Parties traded 44 contract(s) at a $65.00 strike. The total cost received by the writing party (or parties) was $55.4K, with a price of $1260.0 per contract. There were 105 open contracts at this strike prior to today, and today 44 contract(s) were bought and sold.
• For HELE HELE, we notice a put option trade that happens to be bullish, expiring in 4 day(s) on October 20, 2023. This event was a transfer of 37 contract(s) at a $122.00 strike. The total cost received by the writing party (or parties) was $39.2K, with a price of $1060.0 per contract. There were 37 open contracts at this strike prior to today, and today 37 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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