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 | 12/13/24 | $390.00 | $84.3K | 37.2K | 31.7K |
| PDD | CALL | SWEEP | BULLISH | 12/20/24 | $115.00 | $35.4K | 11.6K | 11.3K |
| M | CALL | TRADE | BEARISH | 01/17/25 | $17.00 | $25.7K | 17.7K | 9.5K |
| DKNG | PUT | SWEEP | BULLISH | 12/20/24 | $42.50 | $49.4K | 550 | 6.4K |
| JD | CALL | SWEEP | BEARISH | 01/17/25 | $40.00 | $40.1K | 52.4K | 6.3K |
| RIVN | CALL | TRADE | BULLISH | 03/21/25 | $17.50 | $735.0K | 12.1K | 3.3K |
| ZK | CALL | TRADE | NEUTRAL | 12/20/24 | $30.00 | $144.8K | 558 | 3.1K |
| QS | CALL | TRADE | BULLISH | 02/21/25 | $6.00 | $28.0K | 9.0K | 3.0K |
| AMZN | PUT | TRADE | NEUTRAL | 01/17/25 | $225.00 | $25.2K | 3.3K | 2.9K |
| NKE | PUT | TRADE | BULLISH | 09/19/25 | $65.00 | $134.7K | 3.7K | 552 |
Explanation
These itemized elaborations have been created using the accompanying table.
• For TSLA (NASDAQ:TSLA), we notice a call option sweep that happens to be bearish, expiring in 4 day(s) on December 13, 2024. This event was a transfer of 124 contract(s) at a $390.00 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 $84.3K, with a price of $681.0 per contract. There were 37253 open contracts at this strike prior to today, and today 31748 contract(s) were bought and sold.
• Regarding PDD (NASDAQ:PDD), we observe a call option sweep with bullish sentiment. It expires in 11 day(s) on December 20, 2024. Parties traded 78 contract(s) at a $115.00 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 $35.4K, with a price of $454.0 per contract. There were 11632 open contracts at this strike prior to today, and today 11357 contract(s) were bought and sold.
• Regarding M (NYSE:M), we observe a call option trade with bearish sentiment. It expires in 39 day(s) on January 17, 2025. Parties traded 250 contract(s) at a $17.00 strike. The total cost received by the writing party (or parties) was $25.7K, with a price of $103.0 per contract. There were 17772 open contracts at this strike prior to today, and today 9547 contract(s) were bought and sold.
• Regarding DKNG (NASDAQ:DKNG), we observe a put option sweep with bullish sentiment. It expires in 11 day(s) on December 20, 2024. Parties traded 504 contract(s) at a $42.50 strike. This particular put needed to be split into 39 different trades to become filled. The total cost received by the writing party (or parties) was $49.4K, with a price of $98.0 per contract. There were 550 open contracts at this strike prior to today, and today 6462 contract(s) were bought and sold.
• For JD (NASDAQ:JD), we notice a call option sweep that happens to be bearish, expiring in 39 day(s) on January 17, 2025. This event was a transfer of 100 contract(s) at a $40.00 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 $40.1K, with a price of $404.0 per contract. There were 52430 open contracts at this strike prior to today, and today 6326 contract(s) were bought and sold.
• Regarding RIVN (NASDAQ:RIVN), we observe a call option trade with bullish sentiment. It expires in 102 day(s) on March 21, 2025. Parties traded 5000 contract(s) at a $17.50 strike. The total cost received by the writing party (or parties) was $735.0K, with a price of $147.0 per contract. There were 12146 open contracts at this strike prior to today, and today 3316 contract(s) were bought and sold.
• For ZK (NYSE:ZK), we notice a call option trade that happens to be neutral, expiring in 11 day(s) on December 20, 2024. This event was a transfer of 999 contract(s) at a $30.00 strike. The total cost received by the writing party (or parties) was $144.8K, with a price of $145.0 per contract. There were 558 open contracts at this strike prior to today, and today 3137 contract(s) were bought and sold.
• Regarding QS (NYSE:QS), we observe a call option trade with bullish sentiment. It expires in 74 day(s) on February 21, 2025. Parties traded 500 contract(s) at a $6.00 strike. The total cost received by the writing party (or parties) was $28.0K, with a price of $56.0 per contract. There were 9082 open contracts at this strike prior to today, and today 3008 contract(s) were bought and sold.
• For AMZN (NASDAQ:AMZN), we notice a put option trade that happens to be neutral, expiring in 39 day(s) on January 17, 2025. This event was a transfer of 50 contract(s) at a $225.00 strike. The total cost received by the writing party (or parties) was $25.2K, with a price of $505.0 per contract. There were 3399 open contracts at this strike prior to today, and today 2903 contract(s) were bought and sold.
• Regarding NKE (NYSE:NKE), we observe a put option trade with bullish sentiment. It expires in 284 day(s) on September 19, 2025. Parties traded 550 contract(s) at a $65.00 strike. The total cost received by the writing party (or parties) was $134.7K, with a price of $245.0 per contract. There were 3767 open contracts at this strike prior to today, and today 552 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.
