Whale alerts can be a valuable tool for traders looking to uncover potential trading opportunities. These alerts track the transactions of entities with significant amounts of money, known as whales. By monitoring their activities, traders can identify situations where the market value of an option deviates significantly from its normal price. This high level of trading activity can cause option prices to be either overvalued or undervalued.
Here is a list of options activity from today’s session:
– TSLA: Bullish sentiment with a call option sweep expiring on May 3, 2024.
– GRWG: Bullish sentiment with a call option sweep expiring on January 17, 2025.
– GM: Bearish sentiment with a put option sweep expiring on June 21, 2024.
– RCL: Neutral sentiment with a call option trade expiring on May 10, 2024.
– AMZN: Bearish sentiment with a put option sweep expiring on January 17, 2025.
– CVNA: Bullish sentiment with a put option sweep expiring on May 3, 2024.
– UA: Bullish sentiment with a call option sweep expiring on January 17, 2025.
– EXPE: Bullish sentiment with a put option trade expiring on June 20, 2025.
– SBUX: Bullish sentiment with a call option sweep expiring on June 20, 2025.
– KMX: Bearish sentiment with a put option sweep expiring on January 17, 2025.
Understanding terms such as call contracts, put contracts, expiration date, and premium/option price is crucial when interpreting options alerts. For more information, consult our Guide to Understanding Options Alerts or explore further news on unusual options activity. Please note that this article was generated by Benzinga’s automated content engine and reviewed by an editor.