The whale alert featured in this article can assist traders in identifying potential trading opportunities. Whales, which are entities with substantial financial resources, have their transactions monitored on Benzinga’s options activity scanner. Traders look for instances where the market value of an option significantly differs from its usual worth, as high trading activity can drive option prices to overvalued or undervalued levels.
Here are some examples of options activity in the Consumer Discretionary sector:
– AMZN: A bearish call option sweep expiring on June 28, 2024, with a strike price of $192.50.
– RIVN: A bullish call option trade expiring on August 16, 2024, with a strike price of $17.50.
– TSLA: A bearish call option trade expiring on January 17, 2025, with a strike price of $150.00.
– WHR: A neutral call option trade expiring on June 28, 2024, with a strike price of $97.00.
– FIVE: A bearish put option sweep expiring on July 19, 2024, with a strike price of $105.00.
– PDD: A bullish put option trade expiring on August 16, 2024, with a strike price of $135.00.
– HD: A bearish call option trade expiring on July 5, 2024, with a strike price of $345.00.
– CBRL: A bearish put option trade expiring on November 15, 2024, with a strike price of $45.00.
– ANF: A bearish put option trade expiring on August 16, 2024, with a strike price of $165.00.
– CVNA: A bearish put option trade expiring on August 16, 2024, with a strike price of $130.00.
These details have been compiled from the provided table, showcasing various options trades with different sentiments and expiration dates. Traders can leverage this information to make informed decisions in the market. Be sure to check out our Guide to Understanding Options Alerts for more information on this topic.