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 | TRADE | BEARISH | 07/29/22 | $870.00 | $29.2K | 8.4K | 82.8K |
| AMZN | CALL | TRADE | NEUTRAL | 08/19/22 | $132.50 | $34.0K | 13.0K | 10.7K |
| BABA | PUT | TRADE | BEARISH | 01/20/23 | $90.00 | $27.0K | 10.1K | 3.1K |
| RCL | PUT | TRADE | BULLISH | 01/19/24 | $22.50 | $40.9K | 107 | 1.2K |
| CROX | CALL | TRADE | BULLISH | 08/19/22 | $70.00 | $49.8K | 832 | 837 |
| EBAY | CALL | SWEEP | BEARISH | 09/16/22 | $52.50 | $26.0K | 488 | 573 |
| CVNA | CALL | SWEEP | BEARISH | 08/12/22 | $25.00 | $51.9K | 219 | 393 |
| CCL | PUT | SWEEP | BULLISH | 01/20/23 | $20.00 | $27.5K | 43.4K | 375 |
| NCLH | PUT | SWEEP | BULLISH | 01/20/23 | $25.00 | $32.5K | 29.7K | 350 |
| RVLV | CALL | SWEEP | BULLISH | 08/19/22 | $30.00 | $28.0K | 2.3K | 329 |
Explanation
These bullet-by-bullet explanations have been constructed using the accompanying table.
• For TSLA (NASDAQ:TSLA), we notice a call option trade that happens to be bearish, is expiring today. Parties traded 136 contract(s) at a $870.00 strike. The total cost received by the writing party (or parties) was $29.2K, with a price of $215.0 per contract. There were 8413 open contracts at this strike prior to today, and today 82834 contract(s) were bought and sold.
• For AMZN (NASDAQ:AMZN), we notice a call option trade that happens to be neutral, expiring in 21 day(s) on August 19, 2022. This event was a transfer of 50 contract(s) at a $132.50 strike. The total cost received by the writing party (or parties) was $34.0K, with a price of $680.0 per contract. There were 13010 open contracts at this strike prior to today, and today 10769 contract(s) were bought and sold.
• Regarding BABA (NYSE:BABA), we observe a put option trade with bearish sentiment. It expires in 175 day(s) on January 20, 2023. Parties traded 21 contract(s) at a $90.00 strike. The total cost received by the writing party (or parties) was $27.0K, with a price of $1290.0 per contract. There were 10151 open contracts at this strike prior to today, and today 3175 contract(s) were bought and sold.
• For RCL (NYSE:RCL), we notice a put option trade that happens to be bullish, expiring in 539 day(s) on January 19, 2024. This event was a transfer of 100 contract(s) at a $22.50 strike. The total cost received by the writing party (or parties) was $40.9K, with a price of $410.0 per contract. There were 107 open contracts at this strike prior to today, and today 1200 contract(s) were bought and sold.
• Regarding CROX (NASDAQ:CROX), we observe a call option trade with bullish sentiment. It expires in 21 day(s) on August 19, 2022. Parties traded 89 contract(s) at a $70.00 strike. The total cost received by the writing party (or parties) was $49.8K, with a price of $560.0 per contract. There were 832 open contracts at this strike prior to today, and today 837 contract(s) were bought and sold.
• For EBAY (NASDAQ:EBAY), we notice a call option sweep that happens to be bearish, expiring in 49 day(s) on September 16, 2022. This event was a transfer of 248 contract(s) at a $52.50 strike. This particular call needed to be split into 21 different trades to become filled. The total cost received by the writing party (or parties) was $26.0K, with a price of $105.0 per contract. There were 488 open contracts at this strike prior to today, and today 573 contract(s) were bought and sold.
• Regarding CVNA (NYSE:CVNA), we observe a call option sweep with bearish sentiment. It expires in 14 day(s) on August 12, 2022. Parties traded 98 contract(s) at a $25.00 strike. This particular call needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $51.9K, with a price of $530.0 per contract. There were 219 open contracts at this strike prior to today, and today 393 contract(s) were bought and sold.
• For CCL (NYSE:CCL), we notice a put option sweep that happens to be bullish, expiring in 175 day(s) on January 20, 2023. This event was a transfer of 25 contract(s) at a $20.00 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 $27.5K, with a price of $1102.0 per contract. There were 43432 open contracts at this strike prior to today, and today 375 contract(s) were bought and sold.
• For NCLH (NYSE:NCLH), we notice a put option sweep that happens to be bullish, expiring in 175 day(s) on January 20, 2023. This event was a transfer of 25 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 $32.5K, with a price of $1302.0 per contract. There were 29758 open contracts at this strike prior to today, and today 350 contract(s) were bought and sold.
• For RVLV (NYSE:RVLV), we notice a call option sweep that happens to be bullish, expiring in 21 day(s) on August 19, 2022. This event was a transfer of 200 contract(s) at a $30.00 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $28.0K, with a price of $140.0 per contract. There were 2327 open contracts at this strike prior to today, and today 329 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.
