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 |
|---|---|---|---|---|---|---|---|---|
| TCOM | CALL | SWEEP | BULLISH | 11/18/22 | $30.00 | $35.0K | 3.2K | 4.3K |
| F | PUT | TRADE | BEARISH | 01/20/23 | $13.00 | $288.0K | 22.9K | 4.2K |
| TSLA | PUT | SWEEP | BEARISH | 11/04/22 | $235.00 | $28.9K | 4.8K | 3.3K |
| AMZN | PUT | SWEEP | NEUTRAL | 11/18/22 | $114.00 | $35.3K | 11.8K | 2.6K |
| KTB | CALL | TRADE | BEARISH | 11/18/22 | $35.00 | $487.5K | 54 | 2.5K |
| EBAY | PUT | SWEEP | BEARISH | 04/21/23 | $37.50 | $212.5K | 189 | 1.8K |
| ABNB | PUT | TRADE | BEARISH | 01/20/23 | $175.00 | $386.0K | 1.0K | 960 |
| MGM | PUT | TRADE | BEARISH | 01/20/23 | $30.00 | $55.9K | 4.3K | 555 |
| NKE | PUT | SWEEP | BEARISH | 11/18/22 | $90.00 | $47.2K | 3.6K | 325 |
| TGT | PUT | SWEEP | BULLISH | 01/20/23 | $145.00 | $49.3K | 2.6K | 168 |
Explanation
These bullet-by-bullet explanations have been constructed using the accompanying table.
• For TCOM (NASDAQ:TCOM), we notice a call option sweep that happens to be bullish, expiring in 16 day(s) on November 18, 2022. This event was a transfer of 1000 contract(s) at a $30.00 strike. This particular call needed to be split into 20 different trades to become filled. The total cost received by the writing party (or parties) was $35.0K, with a price of $35.0 per contract. There were 3225 open contracts at this strike prior to today, and today 4343 contract(s) were bought and sold.
• Regarding F (NYSE:F), we observe a put option trade with bearish sentiment. It expires in 79 day(s) on January 20, 2023. Parties traded 3000 contract(s) at a $13.00 strike. The total cost received by the writing party (or parties) was $288.0K, with a price of $96.0 per contract. There were 22954 open contracts at this strike prior to today, and today 4208 contract(s) were bought and sold.
• Regarding TSLA (NASDAQ:TSLA), we observe a put option sweep with bearish sentiment. It expires in 2 day(s) on November 4, 2022. Parties traded 20 contract(s) at a $235.00 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 $28.9K, with a price of $1445.0 per contract. There were 4861 open contracts at this strike prior to today, and today 3327 contract(s) were bought and sold.
• For AMZN (NASDAQ:AMZN), we notice a put option sweep that happens to be neutral, expiring in 16 day(s) on November 18, 2022. This event was a transfer of 18 contract(s) at a $114.00 strike. This particular put needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was $35.3K, with a price of $1965.0 per contract. There were 11831 open contracts at this strike prior to today, and today 2613 contract(s) were bought and sold.
• For KTB (NYSE:KTB), we notice a call option trade that happens to be bearish, expiring in 16 day(s) on November 18, 2022. This event was a transfer of 2500 contract(s) at a $35.00 strike. The total cost received by the writing party (or parties) was $487.5K, with a price of $195.0 per contract. There were 54 open contracts at this strike prior to today, and today 2500 contract(s) were bought and sold.
• Regarding EBAY (NASDAQ:EBAY), we observe a put option sweep with bearish sentiment. It expires in 170 day(s) on April 21, 2023. Parties traded 627 contract(s) at a $37.50 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 $212.5K, with a price of $339.0 per contract. There were 189 open contracts at this strike prior to today, and today 1863 contract(s) were bought and sold.
• Regarding ABNB (NASDAQ:ABNB), we observe a put option trade with bearish sentiment. It expires in 79 day(s) on January 20, 2023. Parties traded 50 contract(s) at a $175.00 strike. The total cost received by the writing party (or parties) was $386.0K, with a price of $7720.0 per contract. There were 1089 open contracts at this strike prior to today, and today 960 contract(s) were bought and sold.
• Regarding MGM (NYSE:MGM), we observe a put option trade with bearish sentiment. It expires in 79 day(s) on January 20, 2023. Parties traded 554 contract(s) at a $30.00 strike. The total cost received by the writing party (or parties) was $55.9K, with a price of $101.0 per contract. There were 4310 open contracts at this strike prior to today, and today 555 contract(s) were bought and sold.
• Regarding NKE (NYSE:NKE), we observe a put option sweep with bearish sentiment. It expires in 16 day(s) on November 18, 2022. Parties traded 250 contract(s) at a $90.00 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 $47.2K, with a price of $189.0 per contract. There were 3622 open contracts at this strike prior to today, and today 325 contract(s) were bought and sold.
• For TGT (NYSE:TGT), we notice a put option sweep that happens to be bullish, expiring in 79 day(s) on January 20, 2023. This event was a transfer of 94 contract(s) at a $145.00 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 $49.3K, with a price of $525.0 per contract. There were 2612 open contracts at this strike prior to today, and today 168 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.
