Traders can use whale alerts to discover potential trading opportunities. Whales are entities with large amounts of money, and their transactions are tracked by Benzinga. Traders look for situations where option prices deviate significantly from their normal value due to high trading activity. Here are some examples of options activity in the Consumer Discretionary sector:
– TSLA: Bullish put option sweep expiring today at $177.50 strike.
– GME: Bearish call option sweep expiring today at $40.00 strike.
– AMZN: Bullish put option sweep expiring on July 19, 2024, at $185.00 strike.
– BABA: Bearish put option sweep expiring on July 19, 2024, at $70.00 strike.
– HD: Bullish call option sweep expiring on September 20, 2024, at $350.00 strike.
– NKE: Bullish put option trade expiring on June 20, 2025, at $85.00 strike.
– PLCE: Bearish put option trade expiring on January 17, 2025, at $11.00 strike.
– LI: Bullish call option sweep expiring on January 17, 2025, at $30.00 strike.
– ASO: Bullish put option trade expiring on January 17, 2025, at $50.00 strike.
– PDD: Bearish put option sweep expiring on July 19, 2024, at $130.00 strike.
Understanding options alert terminology is key, including call contracts, put contracts, expiration date, and premium/option price. For more information, refer to Benzinga’s Guide to Understanding Options Alerts. This article was generated by Benzinga’s automated content engine and reviewed by an editor.