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 | CALL | SWEEP | BEARISH | 01/12/24 | $237.50 | $30.4K | 15.2K | 35.5K |
| AMZN | PUT | TRADE | BULLISH | 01/12/24 | $155.00 | $50.0K | 1.0K | 2.6K |
| DHI | PUT | TRADE | BEARISH | 02/16/24 | $160.00 | $25.1K | 260 | 374 |
| RH | CALL | SWEEP | BULLISH | 01/12/24 | $277.50 | $100.4K | 51 | 292 |
| ANF | CALL | SWEEP | BEARISH | 05/17/24 | $110.00 | $149.6K | 62 | 205 |
| LEN | CALL | SWEEP | BULLISH | 01/19/24 | $120.00 | $52.1K | 4.4K | 158 |
| CVNA | CALL | TRADE | BEARISH | 03/15/24 | $55.00 | $50.9K | 1.5K | 136 |
| HD | PUT | SWEEP | BULLISH | 02/16/24 | $355.00 | $76.6K | 218 | 108 |
| IRBT | PUT | TRADE | BULLISH | 02/16/24 | $33.00 | $39.2K | 4 | 100 |
| BABA | PUT | TRADE | BEARISH | 12/19/25 | $75.00 | $40.0K | 530 | 27 |
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 bearish, expiring in 2 day(s) on January 12, 2024. This event was a transfer of 190 contract(s) at a $237.50 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 $30.4K, with a price of $160.0 per contract. There were 15274 open contracts at this strike prior to today, and today 35529 contract(s) were bought and sold.
• For AMZN AMZN, we notice a put option trade that happens to be bullish, expiring in 2 day(s) on January 12, 2024. This event was a transfer of 250 contract(s) at a $155.00 strike. The total cost received by the writing party (or parties) was $50.0K, with a price of $200.0 per contract. There were 1058 open contracts at this strike prior to today, and today 2668 contract(s) were bought and sold.
• For DHI DHI, we notice a put option trade that happens to be bearish, expiring in 37 day(s) on February 16, 2024. This event was a transfer of 27 contract(s) at a $160.00 strike. The total cost received by the writing party (or parties) was $25.1K, with a price of $932.0 per contract. There were 260 open contracts at this strike prior to today, and today 374 contract(s) were bought and sold.
• Regarding RH RH, we observe a call option sweep with bullish sentiment. It expires in 2 day(s) on January 12, 2024. Parties traded 288 contract(s) at a $277.50 strike. This particular call needed to be split into 44 different trades to become filled. The total cost received by the writing party (or parties) was $100.4K, with a price of $350.0 per contract. There were 51 open contracts at this strike prior to today, and today 292 contract(s) were bought and sold.
• Regarding ANF ANF, we observe a call option sweep with bearish sentiment. It expires in 128 day(s) on May 17, 2024. Parties traded 205 contract(s) at a $110.00 strike. This particular call needed to be split into 14 different trades to become filled. The total cost received by the writing party (or parties) was $149.6K, with a price of $730.0 per contract. There were 62 open contracts at this strike prior to today, and today 205 contract(s) were bought and sold.
• Regarding LEN LEN, we observe a call option sweep with bullish sentiment. It expires in 9 day(s) on January 19, 2024. Parties traded 16 contract(s) at a $120.00 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 $52.1K, with a price of $3260.0 per contract. There were 4472 open contracts at this strike prior to today, and today 158 contract(s) were bought and sold.
• For CVNA CVNA, we notice a call option trade that happens to be bearish, expiring in 65 day(s) on March 15, 2024. This event was a transfer of 99 contract(s) at a $55.00 strike. The total cost received by the writing party (or parties) was $50.9K, with a price of $515.0 per contract. There were 1568 open contracts at this strike prior to today, and today 136 contract(s) were bought and sold.
• Regarding HD HD, we observe a put option sweep with bullish sentiment. It expires in 37 day(s) on February 16, 2024. Parties traded 97 contract(s) at a $355.00 strike. This particular put needed to be split into 17 different trades to become filled. The total cost received by the writing party (or parties) was $76.6K, with a price of $790.0 per contract. There were 218 open contracts at this strike prior to today, and today 108 contract(s) were bought and sold.
• Regarding IRBT IRBT, we observe a put option trade with bullish sentiment. It expires in 37 day(s) on February 16, 2024. Parties traded 98 contract(s) at a $33.00 strike. The total cost received by the writing party (or parties) was $39.2K, with a price of $400.0 per contract. There were 4 open contracts at this strike prior to today, and today 100 contract(s) were bought and sold.
• Regarding BABA BABA, we observe a put option trade with bearish sentiment. It expires in 709 day(s) on December 19, 2025. Parties traded 27 contract(s) at a $75.00 strike. The total cost received by the writing party (or parties) was $40.0K, with a price of $1485.0 per contract. There were 530 open contracts at this strike prior to today, and today 27 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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