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 | PUT | SWEEP | BULLISH | 11/11/22 | $180.00 | $29.5K | 19.2K | 70.3K |
| AMZN | CALL | SWEEP | BEARISH | 01/20/23 | $100.00 | $47.6K | 28.5K | 3.0K |
| NIO | CALL | SWEEP | BULLISH | 11/18/22 | $8.50 | $123.0K | 1.1K | 1.0K |
| BABA | PUT | SWEEP | BULLISH | 01/20/23 | $65.00 | $47.2K | 8.2K | 1.0K |
| JD | CALL | SWEEP | BEARISH | 12/16/22 | $57.50 | $58.0K | 2.7K | 1.0K |
| WGO | PUT | TRADE | BEARISH | 01/20/23 | $55.00 | $264.0K | 906 | 800 |
| FSR | PUT | SWEEP | NEUTRAL | 01/20/23 | $7.50 | $55.0K | 40.3K | 726 |
| WSM | PUT | TRADE | BEARISH | 12/16/22 | $110.00 | $56.0K | 69 | 464 |
| RIVN | PUT | SWEEP | BULLISH | 01/20/23 | $55.00 | $56.2K | 1.1K | 182 |
| PDD | CALL | TRADE | BULLISH | 06/16/23 | $75.00 | $98.0K | 23.5K | 107 |
Explanation
These bullet-by-bullet explanations have been constructed using the accompanying table.
• For TSLA (NASDAQ:TSLA), we notice a put option sweep that happens to be bullish, expiring in 2 day(s) on November 11, 2022. This event was a transfer of 104 contract(s) at a $180.00 strike. This particular put needed to be split into 11 different trades to become filled. The total cost received by the writing party (or parties) was $29.5K, with a price of $284.0 per contract. There were 19213 open contracts at this strike prior to today, and today 70376 contract(s) were bought and sold.
• For AMZN (NASDAQ:AMZN), we notice a call option sweep that happens to be bearish, expiring in 72 day(s) on January 20, 2023. This event was a transfer of 201 contract(s) at a $100.00 strike. This particular call needed to be split into 12 different trades to become filled. The total cost received by the writing party (or parties) was $47.6K, with a price of $237.0 per contract. There were 28557 open contracts at this strike prior to today, and today 3069 contract(s) were bought and sold.
• For NIO (NYSE:NIO), we notice a call option sweep that happens to be bullish, expiring in 9 day(s) on November 18, 2022. This event was a transfer of 1000 contract(s) at a $8.50 strike. This particular call needed to be split into 30 different trades to become filled. The total cost received by the writing party (or parties) was $123.0K, with a price of $123.0 per contract. There were 1192 open contracts at this strike prior to today, and today 1098 contract(s) were bought and sold.
• Regarding BABA (NYSE:BABA), we observe a put option sweep with bullish sentiment. It expires in 72 day(s) on January 20, 2023. Parties traded 71 contract(s) at a $65.00 strike. This particular put needed to be split into 14 different trades to become filled. The total cost received by the writing party (or parties) was $47.2K, with a price of $665.0 per contract. There were 8212 open contracts at this strike prior to today, and today 1055 contract(s) were bought and sold.
• For JD (NASDAQ:JD), we notice a call option sweep that happens to be bearish, expiring in 37 day(s) on December 16, 2022. This event was a transfer of 1000 contract(s) at a $57.50 strike. This particular call needed to be split into 39 different trades to become filled. The total cost received by the writing party (or parties) was $58.0K, with a price of $58.0 per contract. There were 2769 open contracts at this strike prior to today, and today 1010 contract(s) were bought and sold.
• For WGO (NYSE:WGO), we notice a put option trade that happens to be bearish, expiring in 72 day(s) on January 20, 2023. This event was a transfer of 800 contract(s) at a $55.00 strike. The total cost received by the writing party (or parties) was $264.0K, with a price of $330.0 per contract. There were 906 open contracts at this strike prior to today, and today 800 contract(s) were bought and sold.
• For FSR (NYSE:FSR), we notice a put option sweep that happens to be neutral, expiring in 72 day(s) on January 20, 2023. This event was a transfer of 360 contract(s) at a $7.50 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 $55.0K, with a price of $153.0 per contract. There were 40341 open contracts at this strike prior to today, and today 726 contract(s) were bought and sold.
• Regarding WSM (NYSE:WSM), we observe a put option trade with bearish sentiment. It expires in 37 day(s) on December 16, 2022. Parties traded 100 contract(s) at a $110.00 strike. The total cost received by the writing party (or parties) was $56.0K, with a price of $560.0 per contract. There were 69 open contracts at this strike prior to today, and today 464 contract(s) were bought and sold.
• For RIVN (NASDAQ:RIVN), we notice a put option sweep that happens to be bullish, expiring in 72 day(s) on January 20, 2023. This event was a transfer of 21 contract(s) at a $55.00 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 $56.2K, with a price of $2678.0 per contract. There were 1179 open contracts at this strike prior to today, and today 182 contract(s) were bought and sold.
• For PDD (NASDAQ:PDD), we notice a call option trade that happens to be bullish, expiring in 219 day(s) on June 16, 2023. This event was a transfer of 100 contract(s) at a $75.00 strike. The total cost received by the writing party (or parties) was $98.0K, with a price of $980.0 per contract. There were 23537 open contracts at this strike prior to today, and today 107 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.
