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 | TRADE | BEARISH | 10/28/22 | $205.00 | $27.3K | 6.3K | 20.6K |
| BBBY | CALL | TRADE | BULLISH | 12/16/22 | $7.00 | $265.0K | 1.1K | 13.9K |
| AMZN | PUT | SWEEP | BEARISH | 10/28/22 | $100.00 | $79.4K | 4.4K | 4.0K |
| BABA | PUT | TRADE | BULLISH | 10/21/22 | $72.00 | $89.1K | 1.7K | 3.5K |
| MLCO | PUT | TRADE | BULLISH | 10/21/22 | $8.00 | $592.7K | 3.5K | 2.9K |
| DHI | PUT | TRADE | BULLISH | 11/04/22 | $68.00 | $28.6K | 29 | 1.5K |
| F | PUT | SWEEP | BULLISH | 01/20/23 | $13.00 | $33.3K | 19.9K | 496 |
| TJX | CALL | SWEEP | NEUTRAL | 12/16/22 | $72.50 | $31.2K | 2 | 442 |
| PTON | PUT | SWEEP | BEARISH | 11/18/22 | $8.00 | $29.0K | 5.0K | 348 |
| TGT | PUT | TRADE | BULLISH | 11/04/22 | $157.50 | $92.4K | 79 | 255 |
Explanation
These bullet-by-bullet explanations have been constructed using the accompanying table.
• Regarding TSLA (NASDAQ:TSLA), we observe a put option trade with bearish sentiment. It expires in 7 day(s) on October 28, 2022. Parties traded 60 contract(s) at a $205.00 strike. The total cost received by the writing party (or parties) was $27.3K, with a price of $455.0 per contract. There were 6346 open contracts at this strike prior to today, and today 20633 contract(s) were bought and sold.
• Regarding BBBY (NASDAQ:BBBY), we observe a call option trade with bullish sentiment. It expires in 56 day(s) on December 16, 2022. Parties traded 5000 contract(s) at a $7.00 strike. The total cost received by the writing party (or parties) was $265.0K, with a price of $53.0 per contract. There were 1132 open contracts at this strike prior to today, and today 13924 contract(s) were bought and sold.
• Regarding AMZN (NASDAQ:AMZN), we observe a put option sweep with bearish sentiment. It expires in 7 day(s) on October 28, 2022. Parties traded 1801 contract(s) at a $100.00 strike. This particular put needed to be split into 20 different trades to become filled. The total cost received by the writing party (or parties) was $79.4K, with a price of $44.0 per contract. There were 4471 open contracts at this strike prior to today, and today 4034 contract(s) were bought and sold.
• For BABA (NYSE:BABA), we notice a put option trade that happens to be bullish, is expiring today. Parties traded 1783 contract(s) at a $72.00 strike. The total cost received by the writing party (or parties) was $89.1K, with a price of $50.0 per contract. There were 1767 open contracts at this strike prior to today, and today 3535 contract(s) were bought and sold.
• For MLCO (NASDAQ:MLCO), we notice a put option trade that happens to be bullish, is expiring today. Parties traded 2949 contract(s) at a $8.00 strike. The total cost received by the writing party (or parties) was $592.7K, with a price of $201.0 per contract. There were 3529 open contracts at this strike prior to today, and today 2974 contract(s) were bought and sold.
• For DHI (NYSE:DHI), we notice a put option trade that happens to be bullish, expiring in 14 day(s) on November 4, 2022. This event was a transfer of 130 contract(s) at a $68.00 strike. The total cost received by the writing party (or parties) was $28.6K, with a price of $220.0 per contract. There were 29 open contracts at this strike prior to today, and today 1528 contract(s) were bought and sold.
• For F (NYSE:F), we notice a put option sweep that happens to be bullish, expiring in 91 day(s) on January 20, 2023. This event was a transfer of 194 contract(s) at a $13.00 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 $33.3K, with a price of $172.0 per contract. There were 19911 open contracts at this strike prior to today, and today 496 contract(s) were bought and sold.
• For TJX (NYSE:TJX), we notice a call option sweep that happens to be neutral, expiring in 56 day(s) on December 16, 2022. This event was a transfer of 200 contract(s) at a $72.50 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $31.2K, with a price of $156.0 per contract. There were 2 open contracts at this strike prior to today, and today 442 contract(s) were bought and sold.
• Regarding PTON (NASDAQ:PTON), we observe a put option sweep with bearish sentiment. It expires in 28 day(s) on November 18, 2022. Parties traded 200 contract(s) at a $8.00 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 $29.0K, with a price of $145.0 per contract. There were 5031 open contracts at this strike prior to today, and today 348 contract(s) were bought and sold.
• Regarding TGT (NYSE:TGT), we observe a put option trade with bullish sentiment. It expires in 14 day(s) on November 4, 2022. Parties traded 210 contract(s) at a $157.50 strike. The total cost received by the writing party (or parties) was $92.4K, with a price of $440.0 per contract. There were 79 open contracts at this strike prior to today, and today 255 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.
