A whale alert can help traders identify significant trading opportunities by tracking transactions of entities with large sums of money. At Benzinga, we monitor options activity to identify potential market discrepancies. Traders often seek out situations where option prices deviate from their normal value, which can lead to hyperbolic or underperforming levels.
Here are some examples of options activity in the Consumer Discretionary sector:
– TSLA: A bearish put option sweep expiring on May 24, 2024, with a $177.50 strike price.
– GME: A bearish call option sweep expiring on June 21, 2024, with a $20.00 strike price.
– CZR: A bearish call option trade expiring on December 18, 2026, with a $40.00 strike price.
– NKE: A bullish put option sweep expiring on July 19, 2024, with an $85.00 strike price.
– AMZN: A bearish call option sweep expiring on June 14, 2024, with a $190.00 strike price.
– BABA: A bearish call option sweep expiring on August 16, 2024, with a $90.00 strike price.
– LOW: A bullish put option sweep expiring on June 21, 2024, with a $210.00 strike price.
– CVNA: A bearish call option trade expiring on June 7, 2024, with a $112.00 strike price.
– HD: A bearish put option sweep expiring on November 15, 2024, with a $270.00 strike price.
– PDD: A bullish call option sweep expiring on January 17, 2025, with a $210.00 strike price.
Understanding options alert terminology is crucial for interpreting these alerts. Call contracts give the right to buy shares, while put contracts give the right to sell shares. The expiration date is when the contract expires, and the premium or option price is the cost of the contract.
For more information, refer to our Guide to Understanding Options Alerts or explore news on unusual options activity. This article was generated by Benzinga’s automated content engine and reviewed by an editor.