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 | BULLISH | 05/13/22 | $750.00 | $47.9K | 8.4K | 36.9K |
| F | PUT | SWEEP | BULLISH | 05/20/22 | $14.00 | $129.0K | 53.5K | 34.5K |
| AMZN | PUT | TRADE | BULLISH | 05/13/22 | $2100.00 | $27.0K | 1.4K | 6.4K |
| CHWY | PUT | SWEEP | BEARISH | 07/15/22 | $25.00 | $56.7K | 5.1K | 5.7K |
| QS | PUT | SWEEP | BULLISH | 05/20/22 | $12.00 | $33.6K | 9.9K | 1.9K |
| PTON | PUT | SWEEP | BULLISH | 01/20/23 | $10.00 | $77.8K | 2.9K | 1.5K |
| CVNA | PUT | TRADE | BEARISH | 05/13/22 | $39.50 | $123.7K | 1.2K | 1.1K |
| NIO | CALL | TRADE | BEARISH | 01/19/24 | $35.00 | $45.9K | 11.7K | 1.0K |
| FVRR | PUT | TRADE | BULLISH | 05/20/22 | $45.00 | $42.0K | 220 | 913 |
| EXPE | CALL | SWEEP | BEARISH | 06/17/22 | $140.00 | $40.8K | 1.0K | 567 |
Explanation
These itemized elaborations have been created using the accompanying table.
• Regarding TSLA (NASDAQ:TSLA), we observe a put option sweep with bullish sentiment. It expires in 3 day(s) on May 13, 2022. Parties traded 48 contract(s) at a $750.00 strike. This particular put needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $47.9K, with a price of $1000.0 per contract. There were 8406 open contracts at this strike prior to today, and today 36966 contract(s) were bought and sold.
• For F (NYSE:F), we notice a put option sweep that happens to be bullish, expiring in 10 day(s) on May 20, 2022. This event was a transfer of 1290 contract(s) at a $14.00 strike. This particular put needed to be split into 16 different trades to become filled. The total cost received by the writing party (or parties) was $129.0K, with a price of $100.0 per contract. There were 53533 open contracts at this strike prior to today, and today 34510 contract(s) were bought and sold.
• Regarding AMZN (NASDAQ:AMZN), we observe a put option trade with bullish sentiment. It expires in 3 day(s) on May 13, 2022. Parties traded 10 contract(s) at a $2100.00 strike. The total cost received by the writing party (or parties) was $27.0K, with a price of $2700.0 per contract. There were 1430 open contracts at this strike prior to today, and today 6404 contract(s) were bought and sold.
• Regarding CHWY (NYSE:CHWY), we observe a put option sweep with bearish sentiment. It expires in 66 day(s) on July 15, 2022. Parties traded 169 contract(s) at a $25.00 strike. This particular put needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $56.7K, with a price of $335.0 per contract. There were 5160 open contracts at this strike prior to today, and today 5733 contract(s) were bought and sold.
• For QS (NYSE:QS), we notice a put option sweep that happens to be bullish, expiring in 10 day(s) on May 20, 2022. This event was a transfer of 432 contract(s) at a $12.00 strike. This particular put needed to be split into 16 different trades to become filled. The total cost received by the writing party (or parties) was $33.6K, with a price of $78.0 per contract. There were 9962 open contracts at this strike prior to today, and today 1953 contract(s) were bought and sold.
• Regarding PTON (NASDAQ:PTON), we observe a put option sweep with bullish sentiment. It expires in 255 day(s) on January 20, 2023. Parties traded 305 contract(s) at a $10.00 strike. This particular put needed to be split into 8 different trades to become filled. The total cost received by the writing party (or parties) was $77.8K, with a price of $255.0 per contract. There were 2976 open contracts at this strike prior to today, and today 1530 contract(s) were bought and sold.
• Regarding CVNA (NYSE:CVNA), we observe a put option trade with bearish sentiment. It expires in 3 day(s) on May 13, 2022. Parties traded 238 contract(s) at a $39.50 strike. The total cost received by the writing party (or parties) was $123.7K, with a price of $520.0 per contract. There were 1229 open contracts at this strike prior to today, and today 1111 contract(s) were bought and sold.
• Regarding NIO (NYSE:NIO), we observe a call option trade with bearish sentiment. It expires in 619 day(s) on January 19, 2024. Parties traded 270 contract(s) at a $35.00 strike. The total cost received by the writing party (or parties) was $45.9K, with a price of $170.0 per contract. There were 11773 open contracts at this strike prior to today, and today 1031 contract(s) were bought and sold.
• Regarding FVRR (NYSE:FVRR), we observe a put option trade with bullish sentiment. It expires in 10 day(s) on May 20, 2022. Parties traded 50 contract(s) at a $45.00 strike. The total cost received by the writing party (or parties) was $42.0K, with a price of $840.0 per contract. There were 220 open contracts at this strike prior to today, and today 913 contract(s) were bought and sold.
• Regarding EXPE (NASDAQ:EXPE), we observe a call option sweep with bearish sentiment. It expires in 38 day(s) on June 17, 2022. Parties traded 60 contract(s) at a $140.00 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 $40.8K, with a price of $680.0 per contract. There were 1026 open contracts at this strike prior to today, and today 567 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.
