Whales, or entities with large sums of money, are closely monitored by traders for potential trading opportunities. At Benzinga, we track the transactions of these whales through our options activity scanner, looking for situations where the market value of an option significantly deviates from its normal worth. This high level of trading activity can cause option prices to be either overvalued or undervalued.
In the Consumer Discretionary sector, there have been several notable options activities. For example, in TSLA, a bullish call option sweep was observed with an expiration date of June 14, 2024. Similarly, a bearish call option sweep was noted in BABA, expiring on the same date. GME saw a bearish put option trade expiring on January 16, 2026. Other companies such as CVNA, GPS, AMZN, JD, GM, LULU, and PDD also had interesting options activities with varying sentiments and expirations.
These activities are analyzed in detail, providing information on the number of contracts, strike prices, total trade prices, open interest, and volume. Understanding options alert terminology is crucial, including terms like call contracts, put contracts, expiration date, and premium/option price.
For further insights into options alerts and unusual options activity, readers can refer to our Guide to Understanding Options Alerts or explore more news on the subject. This article was created by Benzinga’s automated content engine and reviewed by an editor to ensure accuracy. Traders can use this whale alert information to potentially discover the next big trading opportunities in the market.