10 Consumer Discretionary Stocks With Whale Alerts In Today’s Session – Alibaba Gr Holding (NYSE:BABA), Amazon.com (NASDAQ:AMZN)

By DailyBubble On May 3, 2024 14 0

Whales, or entities with large sums of money, make big trading moves that can signal opportunities for traders. Benzinga tracks these transactions through its options activity scanner, helping traders spot potential trades.

Traders often look for situations where the market value of an option strays from its normal price. Unusual trading activity can cause option prices to rise sharply or fall below expectations.

Here are some notable options activities from today’s session:

– TSLA: A bearish call option sweep expiring on May 3, 2024, with a total trade price of $38.5K.
– DASH: A bearish call option sweep expiring on May 17, 2024, with a total trade price of $43.9K.
– BABA: A bullish call option trade expiring on January 17, 2025, with a total trade price of $698.6K.
– CVNA: A bullish call option sweep expiring on May 3, 2024, with a total trade price of $68.2K.
– RSI: A bearish call option trade expiring on May 17, 2024, with a total trade price of $27.8K.
– PDD: A bearish call option trade expiring on May 10, 2024, with a total trade price of $28.4K.
– AMZN: A bearish put option sweep expiring on July 19, 2024, with a total trade price of $65.5K.
– JD: A bearish put option trade expiring on June 20, 2025, with a total trade price of $39.9K.
– DKNG: A bearish call option trade expiring on June 21, 2024, with a total trade price of $39.0K.
– RIVN: A bearish call option sweep expiring on July 19, 2024, with a total trade price of $28.1K.

Understanding options alert terminology is crucial for interpreting these transactions. Call contracts give the right to buy shares, put contracts give the right to sell shares, expiration date is when the contract ends, and premium/option price is the cost of the contract.

For more insights, check out Benzinga’s Guide to Understanding Options Alerts or learn more about unusual options activity. This article was created by Benzinga’s automated content engine and reviewed by an editor.