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 | 12/22/23 | $255.00 | $33.2K | 7.3K | 111.8K |
| AMZN | PUT | TRADE | BULLISH | 12/29/23 | $152.50 | $26.2K | 5.6K | 6.2K |
| CVNA | CALL | TRADE | BEARISH | 01/19/24 | $80.00 | $40.0K | 2.3K | 6.2K |
| BABA | CALL | SWEEP | BULLISH | 01/19/24 | $75.00 | $80.0K | 37.5K | 2.3K |
| NKE | CALL | SWEEP | BULLISH | 03/15/24 | $110.00 | $51.1K | 1.2K | 2.0K |
| F | CALL | TRADE | BEARISH | 12/29/23 | $12.00 | $40.0K | 21.4K | 1.8K |
| PDD | PUT | TRADE | BULLISH | 01/12/24 | $144.00 | $210.0K | 1 | 505 |
| M | CALL | SWEEP | BEARISH | 01/19/24 | $20.00 | $26.2K | 30.5K | 496 |
| RIVN | PUT | SWEEP | BULLISH | 02/16/24 | $22.50 | $48.8K | 1.2K | 371 |
| PHIN | CALL | TRADE | BEARISH | 02/16/24 | $30.00 | $48.7K | 1.4K | 250 |
Explanation
These bullet-by-bullet explanations have been constructed using the accompanying table.
• For TSLA TSLA, we notice a put option sweep that happens to be bearish, is expiring today. Parties traded 400 contract(s) at a $255.00 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 $33.2K, with a price of $83.0 per contract. There were 7333 open contracts at this strike prior to today, and today 111873 contract(s) were bought and sold.
• Regarding AMZN AMZN, we observe a put option trade with bullish sentiment. It expires in 7 day(s) on December 29, 2023. Parties traded 200 contract(s) at a $152.50 strike. The total cost received by the writing party (or parties) was $26.2K, with a price of $131.0 per contract. There were 5636 open contracts at this strike prior to today, and today 6298 contract(s) were bought and sold.
• Regarding CVNA CVNA, we observe a call option trade with bearish sentiment. It expires in 28 day(s) on January 19, 2024. Parties traded 250 contract(s) at a $80.00 strike. The total cost received by the writing party (or parties) was $40.0K, with a price of $160.0 per contract. There were 2374 open contracts at this strike prior to today, and today 6203 contract(s) were bought and sold.
• For BABA BABA, we notice a call option sweep that happens to be bullish, expiring in 28 day(s) on January 19, 2024. This event was a transfer of 250 contract(s) at a $75.00 strike. This particular call needed to be split into 19 different trades to become filled. The total cost received by the writing party (or parties) was $80.0K, with a price of $320.0 per contract. There were 37534 open contracts at this strike prior to today, and today 2351 contract(s) were bought and sold.
• For NKE NKE, we notice a call option sweep that happens to be bullish, expiring in 84 day(s) on March 15, 2024. This event was a transfer of 110 contract(s) at a $110.00 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 $51.1K, with a price of $465.0 per contract. There were 1258 open contracts at this strike prior to today, and today 2017 contract(s) were bought and sold.
• Regarding F F, we observe a call option trade with bearish sentiment. It expires in 7 day(s) on December 29, 2023. Parties traded 1000 contract(s) at a $12.00 strike. The total cost received by the writing party (or parties) was $40.0K, with a price of $40.0 per contract. There were 21420 open contracts at this strike prior to today, and today 1834 contract(s) were bought and sold.
• Regarding PDD PDD, we observe a put option trade with bullish sentiment. It expires in 21 day(s) on January 12, 2024. Parties traded 500 contract(s) at a $144.00 strike. The total cost received by the writing party (or parties) was $210.0K, with a price of $420.0 per contract. There were 1 open contracts at this strike prior to today, and today 505 contract(s) were bought and sold.
• For M M, we notice a call option sweep that happens to be bearish, expiring in 28 day(s) on January 19, 2024. This event was a transfer of 291 contract(s) at a $20.00 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 $26.2K, with a price of $90.0 per contract. There were 30539 open contracts at this strike prior to today, and today 496 contract(s) were bought and sold.
• Regarding RIVN RIVN, we observe a put option sweep with bullish sentiment. It expires in 56 day(s) on February 16, 2024. Parties traded 253 contract(s) at a $22.50 strike. This particular put needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $48.8K, with a price of $193.0 per contract. There were 1259 open contracts at this strike prior to today, and today 371 contract(s) were bought and sold.
• Regarding PHIN PHIN, we observe a call option trade with bearish sentiment. It expires in 56 day(s) on February 16, 2024. Parties traded 250 contract(s) at a $30.00 strike. The total cost received by the writing party (or parties) was $48.7K, with a price of $195.0 per contract. There were 1440 open contracts at this strike prior to today, and today 250 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 about 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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