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 | NEUTRAL | 11/24/23 | $240.00 | $45.9K | 26.6K | 91.8K |
NKE | PUT | SWEEP | BULLISH | 01/19/24 | $95.00 | $66.5K | 8.8K | 553 |
EXPE | CALL | SWEEP | BEARISH | 01/19/24 | $165.00 | $46.0K | 1.3K | 152 |
CVNA | CALL | TRADE | BEARISH | 02/16/24 | $35.00 | $50.1K | 983 | 150 |
TJX | CALL | SWEEP | BEARISH | 04/19/24 | $92.50 | $34.4K | 2.5K | 148 |
W | PUT | TRADE | BEARISH | 04/19/24 | $45.00 | $60.1K | 1.3K | 13 |
ULTA | CALL | TRADE | BULLISH | 01/19/24 | $350.00 | $31.6K | 185 | 5 |
LULU | CALL | SWEEP | BEARISH | 12/15/23 | $390.00 | $62.7K | 1.1K | 4 |
CMG | CALL | TRADE | BEARISH | 02/16/24 | $1960.00 | $81.1K | 32 | 0 |
BKNG | CALL | TRADE | BULLISH | 01/19/24 | $2650.00 | $53.2K | 25 | 0 |
Explanation
These bullet-by-bullet explanations have been constructed using the accompanying table.
• For TSLA TSLA, we notice a call option sweep that happens to be neutral, expiring in 4 day(s) on November 24, 2023. This event was a transfer of 200 contract(s) at a $240.00 strike. This particular call needed to be split into 16 different trades to become filled. The total cost received by the writing party (or parties) was $45.9K, with a price of $230.0 per contract. There were 26638 open contracts at this strike prior to today, and today 91865 contract(s) were bought and sold.
• Regarding NKE NKE, we observe a put option sweep with bullish sentiment. It expires in 60 day(s) on January 19, 2024. Parties traded 508 contract(s) at a $95.00 strike. This particular put needed to be split into 24 different trades to become filled. The total cost received by the writing party (or parties) was $66.5K, with a price of $131.0 per contract. There were 8877 open contracts at this strike prior to today, and today 553 contract(s) were bought and sold.
• For EXPE EXPE, we notice a call option sweep that happens to be bearish, expiring in 60 day(s) on January 19, 2024. This event was a transfer of 1120 contract(s) at a $165.00 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 $46.0K, with a price of $40.0 per contract. There were 1370 open contracts at this strike prior to today, and today 152 contract(s) were bought and sold.
• Regarding CVNA CVNA, we observe a call option trade with bearish sentiment. It expires in 88 day(s) on February 16, 2024. Parties traded 90 contract(s) at a $35.00 strike. The total cost received by the writing party (or parties) was $50.1K, with a price of $557.0 per contract. There were 983 open contracts at this strike prior to today, and today 150 contract(s) were bought and sold.
• Regarding TJX TJX, we observe a call option sweep with bearish sentiment. It expires in 151 day(s) on April 19, 2024. Parties traded 106 contract(s) at a $92.50 strike. This particular call needed to be split into 15 different trades to become filled. The total cost received by the writing party (or parties) was $34.4K, with a price of $325.0 per contract. There were 2570 open contracts at this strike prior to today, and today 148 contract(s) were bought and sold.
• Regarding W W, we observe a put option trade with bearish sentiment. It expires in 151 day(s) on April 19, 2024. Parties traded 100 contract(s) at a $45.00 strike. The total cost received by the writing party (or parties) was $60.1K, with a price of $601.0 per contract. There were 1323 open contracts at this strike prior to today, and today 13 contract(s) were bought and sold.
• For ULTA ULTA, we notice a call option trade that happens to be bullish, expiring in 60 day(s) on January 19, 2024. This event was a transfer of 5 contract(s) at a $350.00 strike. The total cost received by the writing party (or parties) was $31.6K, with a price of $6320.0 per contract. There were 185 open contracts at this strike prior to today, and today 5 contract(s) were bought and sold.
• Regarding LULU LULU, we observe a call option sweep with bearish sentiment. It expires in 25 day(s) on December 15, 2023. Parties traded 15 contract(s) at a $390.00 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 $62.7K, with a price of $4185.0 per contract. There were 1142 open contracts at this strike prior to today, and today 4 contract(s) were bought and sold.
• Regarding CMG CMG, we observe a call option trade with bearish sentiment. It expires in 88 day(s) on February 16, 2024. Parties traded 3 contract(s) at a $1960.00 strike. The total cost received by the writing party (or parties) was $81.1K, with a price of $27060.0 per contract. There were 32 open contracts at this strike prior to today, and today 0 contract(s) were bought and sold.
• For BKNG BKNG, we notice a call option trade that happens to be bullish, expiring in 60 day(s) on January 19, 2024. This event was a transfer of 1 contract(s) at a $2650.00 strike. The total cost received by the writing party (or parties) was $53.2K, with a price of $53240.0 per contract. There were 25 open contracts at this strike prior to today, and today 0 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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