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 | 10/21/22 | $220.00 | $35.5K | 21.3K | 130.8K |
| JD | CALL | TRADE | BEARISH | 01/20/23 | $68.76 | $48.9K | 11.7K | 10.8K |
| AMZN | CALL | SWEEP | BEARISH | 10/21/22 | $121.00 | $29.4K | 7.1K | 6.3K |
| FSR | PUT | TRADE | BEARISH | 01/19/24 | $5.00 | $44.1K | 14.4K | 3.0K |
| BABA | PUT | TRADE | BEARISH | 11/18/22 | $70.00 | $69.4K | 7.0K | 2.5K |
| NCLH | PUT | TRADE | BULLISH | 01/20/23 | $15.00 | $65.5K | 16.2K | 2.3K |
| SCI | PUT | SWEEP | BEARISH | 11/18/22 | $55.00 | $26.0K | 768 | 2.2K |
| GM | CALL | TRADE | BEARISH | 01/20/23 | $40.00 | $206.0K | 29.4K | 2.0K |
| CVNA | PUT | SWEEP | BEARISH | 11/18/22 | $10.00 | $29.7K | 1.0K | 1.6K |
| PTON | PUT | SWEEP | BULLISH | 11/18/22 | $7.00 | $78.4K | 3.3K | 949 |
Explanation
These bullet-by-bullet explanations have been constructed using the accompanying table.
• For TSLA (NASDAQ:TSLA), we notice a call option sweep that happens to be bearish, expiring in 1 day(s) on October 21, 2022. This event was a transfer of 871 contract(s) at a $220.00 strike. This particular call needed to be split into 34 different trades to become filled. The total cost received by the writing party (or parties) was $35.5K, with a price of $42.0 per contract. There were 21377 open contracts at this strike prior to today, and today 130894 contract(s) were bought and sold.
• For JD (NASDAQ:JD), we notice a call option trade that happens to be bearish, expiring in 92 day(s) on January 20, 2023. This event was a transfer of 1065 contract(s) at a $68.76 strike. The total cost received by the writing party (or parties) was $48.9K, with a price of $46.0 per contract. There were 11785 open contracts at this strike prior to today, and today 10806 contract(s) were bought and sold.
• Regarding AMZN (NASDAQ:AMZN), we observe a call option sweep with bearish sentiment. It expires in 1 day(s) on October 21, 2022. Parties traded 2086 contract(s) at a $121.00 strike. This particular call needed to be split into 43 different trades to become filled. The total cost received by the writing party (or parties) was $29.4K, with a price of $14.0 per contract. There were 7177 open contracts at this strike prior to today, and today 6350 contract(s) were bought and sold.
• For FSR (NYSE:FSR), we notice a put option trade that happens to be bearish, expiring in 456 day(s) on January 19, 2024. This event was a transfer of 258 contract(s) at a $5.00 strike. The total cost received by the writing party (or parties) was $44.1K, with a price of $171.0 per contract. There were 14453 open contracts at this strike prior to today, and today 3000 contract(s) were bought and sold.
• Regarding BABA (NYSE:BABA), we observe a put option trade with bearish sentiment. It expires in 29 day(s) on November 18, 2022. Parties traded 178 contract(s) at a $70.00 strike. The total cost received by the writing party (or parties) was $69.4K, with a price of $390.0 per contract. There were 7072 open contracts at this strike prior to today, and today 2532 contract(s) were bought and sold.
• For NCLH (NYSE:NCLH), we notice a put option trade that happens to be bullish, expiring in 92 day(s) on January 20, 2023. This event was a transfer of 261 contract(s) at a $15.00 strike. The total cost received by the writing party (or parties) was $65.5K, with a price of $251.0 per contract. There were 16249 open contracts at this strike prior to today, and today 2302 contract(s) were bought and sold.
• For SCI (NYSE:SCI), we notice a put option sweep that happens to be bearish, expiring in 29 day(s) on November 18, 2022. This event was a transfer of 200 contract(s) at a $55.00 strike. This particular put needed to be split into 10 different trades to become filled. The total cost received by the writing party (or parties) was $26.0K, with a price of $130.0 per contract. There were 768 open contracts at this strike prior to today, and today 2221 contract(s) were bought and sold.
• For GM (NYSE:GM), we notice a call option trade that happens to be bearish, expiring in 92 day(s) on January 20, 2023. This event was a transfer of 2000 contract(s) at a $40.00 strike. The total cost received by the writing party (or parties) was $206.0K, with a price of $103.0 per contract. There were 29479 open contracts at this strike prior to today, and today 2032 contract(s) were bought and sold.
• Regarding CVNA (NYSE:CVNA), we observe a put option sweep with bearish sentiment. It expires in 29 day(s) on November 18, 2022. Parties traded 350 contract(s) at a $10.00 strike. This particular put needed to be split into 20 different trades to become filled. The total cost received by the writing party (or parties) was $29.7K, with a price of $85.0 per contract. There were 1021 open contracts at this strike prior to today, and today 1694 contract(s) were bought and sold.
• Regarding PTON (NASDAQ:PTON), we observe a put option sweep with bullish sentiment. It expires in 29 day(s) on November 18, 2022. Parties traded 871 contract(s) at a $7.00 strike. This particular put needed to be split into 12 different trades to become filled. The total cost received by the writing party (or parties) was $78.4K, with a price of $90.0 per contract. There were 3340 open contracts at this strike prior to today, and today 949 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.
