Whale alert can assist traders in identifying potential trading opportunities. Whales are entities with significant capital, and their transactions are monitored by Benzinga through the options activity scanner. Traders look for situations where the market value of an option deviates significantly from its normal price, which can lead to overvalued or undervalued option prices. Here are some examples of options activity in the Consumer Discretionary sector:
– TSLA: Call option sweep with neutral sentiment, expiring on July 19, 2024, with a total trade price of $26.5K.
– AMZN: Bearish call option sweep expiring on July 19, 2024, with a total trade price of $25.7K.
– NKE: Bearish call option sweep expiring on August 16, 2024, with a total trade price of $25.9K.
– CHWY: Bearish call option sweep expiring on July 19, 2024, with a total trade price of $32.6K.
– JD: Neutral call option sweep expiring on January 17, 2025, with a total trade price of $52.0K.
– GME: Bullish call option trade expiring on July 26, 2024, with a total trade price of $29.8K.
– CZR: Bearish call option sweep expiring on January 17, 2025, with a total trade price of $49.9K.
– MGM: Bearish put option sweep expiring on December 20, 2024, with a total trade price of $191.1K.
– BABA: Bullish call option sweep expiring on July 26, 2024, with a total trade price of $60.6K.
– BYD: Bearish call option sweep expiring on August 16, 2024, with a total trade price of $92.8K.
Understanding options alert terminology is essential, including call contracts (right to buy shares), put contracts (right to sell shares), expiration date, and premium/option price. For more information, refer to the Guide to Understanding Options Alerts or explore news on unusual options activity. This article was created by Benzinga’s automated content engine and reviewed by an editor.