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 | CALL | TRADE | BULLISH | 12/31/21 | $1100.00 | $32.5K | 21.9K | 68.5K |
| BABA | CALL | TRADE | BULLISH | 01/07/22 | $130.00 | $27.3K | 2.1K | 4.7K |
| NIO | CALL | SWEEP | BEARISH | 03/18/22 | $30.00 | $98.0K | 13.0K | 2.2K |
| MGM | PUT | SWEEP | BEARISH | 01/21/22 | $42.00 | $64.3K | 2.8K | 1.1K |
| XPEV | CALL | SWEEP | BEARISH | 01/21/22 | $50.00 | $31.3K | 15.8K | 1.0K |
| AMZN | CALL | SWEEP | BEARISH | 01/21/22 | $3600.00 | $28.4K | 6.2K | 883 |
| TGT | CALL | TRADE | BEARISH | 01/21/22 | $210.00 | $329.4K | 8.3K | 453 |
| DKNG | PUT | TRADE | NEUTRAL | 01/21/22 | $40.00 | $120.0K | 51.9K | 230 |
| CTRN | PUT | SWEEP | BEARISH | 05/20/22 | $100.00 | $349.2K | 0 | 156 |
| BKNG | PUT | SWEEP | BEARISH | 01/21/22 | $2400.00 | $137.9K | 309 | 148 |
Explanation
These bullet-by-bullet explanations have been constructed using the accompanying table.
• Regarding TSLA (NASDAQ:TSLA), we observe a call option trade with bullish sentiment. It expires in 1 day(s) on December 31, 2021. Parties traded 41 contract(s) at a $1100.00 strike. The total cost received by the writing party (or parties) was $32.5K, with a price of $795.0 per contract. There were 21922 open contracts at this strike prior to today, and today 68591 contract(s) were bought and sold.
• Regarding BABA (NYSE:BABA), we observe a call option trade with bullish sentiment. It expires in 8 day(s) on January 7, 2022. Parties traded 180 contract(s) at a $130.00 strike. The total cost received by the writing party (or parties) was $27.3K, with a price of $152.0 per contract. There were 2179 open contracts at this strike prior to today, and today 4748 contract(s) were bought and sold.
• For NIO (NYSE:NIO), we notice a call option sweep that happens to be bearish, expiring in 78 day(s) on March 18, 2022. This event was a transfer of 200 contract(s) at a $30.00 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 $98.0K, with a price of $491.0 per contract. There were 13061 open contracts at this strike prior to today, and today 2245 contract(s) were bought and sold.
• For MGM (NYSE:MGM), we notice a put option sweep that happens to be bearish, expiring in 22 day(s) on January 21, 2022. This event was a transfer of 1109 contract(s) at a $42.00 strike. This particular put needed to be split into 45 different trades to become filled. The total cost received by the writing party (or parties) was $64.3K, with a price of $58.0 per contract. There were 2849 open contracts at this strike prior to today, and today 1122 contract(s) were bought and sold.
• For XPEV (NYSE:XPEV), we notice a call option sweep that happens to be bearish, expiring in 22 day(s) on January 21, 2022. This event was a transfer of 118 contract(s) at a $50.00 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 $31.3K, with a price of $265.0 per contract. There were 15807 open contracts at this strike prior to today, and today 1042 contract(s) were bought and sold.
• For AMZN (NASDAQ:AMZN), we notice a call option sweep that happens to be bearish, expiring in 22 day(s) on January 21, 2022. This event was a transfer of 16 contract(s) at a $3600.00 strike. This particular call needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $28.4K, with a price of $1775.0 per contract. There were 6237 open contracts at this strike prior to today, and today 883 contract(s) were bought and sold.
• For TGT (NYSE:TGT), we notice a call option trade that happens to be bearish, expiring in 22 day(s) on January 21, 2022. This event was a transfer of 139 contract(s) at a $210.00 strike. The total cost received by the writing party (or parties) was $329.4K, with a price of $2370.0 per contract. There were 8383 open contracts at this strike prior to today, and today 453 contract(s) were bought and sold.
• Regarding DKNG (NASDAQ:DKNG), we observe a put option trade with neutral sentiment. It expires in 22 day(s) on January 21, 2022. Parties traded 100 contract(s) at a $40.00 strike. The total cost received by the writing party (or parties) was $120.0K, with a price of $1200.0 per contract. There were 51990 open contracts at this strike prior to today, and today 230 contract(s) were bought and sold.
• For CTRN (NASDAQ:CTRN), we notice a put option sweep that happens to be bearish, expiring in 141 day(s) on May 20, 2022. This event was a transfer of 156 contract(s) at a $100.00 strike. This particular put needed to be split into 29 different trades to become filled. The total cost received by the writing party (or parties) was $349.2K, with a price of $2240.0 per contract. There were 0 open contracts at this strike prior to today, and today 156 contract(s) were bought and sold.
• For BKNG (NASDAQ:BKNG), we notice a put option sweep that happens to be bearish, expiring in 22 day(s) on January 21, 2022. This event was a transfer of 21 contract(s) at a $2400.00 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 $137.9K, with a price of $6570.0 per contract. There were 309 open contracts at this strike prior to today, and today 148 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.
