This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels.
Here’s the list of options activity happening in today’s session:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| TSLA | PUT | SWEEP | BULLISH | 11/04/22 | $205.00 | $331.0K | 13.8K | 80.4K |
| AMZN | CALL | SWEEP | BEARISH | 11/18/22 | $100.00 | $95.8K | 35.7K | 18.8K |
| NIO | CALL | SWEEP | BULLISH | 11/04/22 | $10.00 | $38.0K | 11.8K | 10.1K |
| MAR | PUT | TRADE | BULLISH | 11/04/22 | $150.00 | $95.9K | 1.8K | 1.8K |
| XPEV | PUT | SWEEP | BULLISH | 01/20/23 | $7.50 | $50.8K | 3.9K | 1.7K |
| YUM | CALL | TRADE | BEARISH | 01/19/24 | $130.00 | $1.2 million | 31 | 1.1K |
| PDD | PUT | SWEEP | BEARISH | 12/09/22 | $75.00 | $80.0K | 100 | 1.0K |
| CPNG | CALL | TRADE | BULLISH | 11/11/22 | $18.00 | $31.5K | 449 | 853 |
| DASH | PUT | SWEEP | BEARISH | 11/11/22 | $53.00 | $60.2K | 10 | 696 |
| TGT | PUT | SWEEP | BEARISH | 11/18/22 | $160.00 | $67.5K | 2.6K | 641 |
Explanation
These bullet-by-bullet explanations have been constructed using the accompanying table.
• For TSLA (NASDAQ:TSLA), we notice a put option sweep that happens to be bullish, is expiring today. Parties traded 1652 contract(s) at a $205.00 strike. This particular put needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $331.0K, with a price of $201.0 per contract. There were 13837 open contracts at this strike prior to today, and today 80493 contract(s) were bought and sold.
• Regarding AMZN (NASDAQ:AMZN), we observe a call option sweep with bearish sentiment. It expires in 14 day(s) on November 18, 2022. Parties traded 2333 contract(s) at a $100.00 strike. This particular call needed to be split into 34 different trades to become filled. The total cost received by the writing party (or parties) was $95.8K, with a price of $41.0 per contract. There were 35718 open contracts at this strike prior to today, and today 18879 contract(s) were bought and sold.
• For NIO (NYSE:NIO), we notice a call option sweep that happens to be bullish, is expiring today. Parties traded 250 contract(s) at a $10.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $38.0K, with a price of $152.0 per contract. There were 11893 open contracts at this strike prior to today, and today 10126 contract(s) were bought and sold.
• For MAR (NASDAQ:MAR), we notice a put option trade that happens to be bullish, is expiring today. Parties traded 619 contract(s) at a $150.00 strike. The total cost received by the writing party (or parties) was $95.9K, with a price of $155.0 per contract. There were 1833 open contracts at this strike prior to today, and today 1879 contract(s) were bought and sold.
• For XPEV (NYSE:XPEV), we notice a put option sweep that happens to be bullish, expiring in 77 day(s) on January 20, 2023. This event was a transfer of 410 contract(s) at a $7.50 strike. This particular put needed to be split into 21 different trades to become filled. The total cost received by the writing party (or parties) was $50.8K, with a price of $124.0 per contract. There were 3956 open contracts at this strike prior to today, and today 1710 contract(s) were bought and sold.
• For YUM (NYSE:YUM), we notice a call option trade that happens to be bearish, expiring in 441 day(s) on January 19, 2024. This event was a transfer of 1000 contract(s) at a $130.00 strike. The total cost received by the writing party (or parties) was $1.2 million, with a price of $1220.0 per contract. There were 31 open contracts at this strike prior to today, and today 1176 contract(s) were bought and sold.
• Regarding PDD (NASDAQ:PDD), we observe a put option sweep with bearish sentiment. It expires in 35 day(s) on December 9, 2022. Parties traded 50 contract(s) at a $75.00 strike. This particular put needed to be split into 50 different trades to become filled. The total cost received by the writing party (or parties) was $80.0K, with a price of $1600.0 per contract. There were 100 open contracts at this strike prior to today, and today 1000 contract(s) were bought and sold.
• Regarding CPNG (NYSE:CPNG), we observe a call option trade with bullish sentiment. It expires in 7 day(s) on November 11, 2022. Parties traded 500 contract(s) at a $18.00 strike. The total cost received by the writing party (or parties) was $31.5K, with a price of $63.0 per contract. There were 449 open contracts at this strike prior to today, and today 853 contract(s) were bought and sold.
• For DASH (NYSE:DASH), we notice a put option sweep that happens to be bearish, expiring in 7 day(s) on November 11, 2022. This event was a transfer of 140 contract(s) at a $53.00 strike. This particular put needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $60.2K, with a price of $430.0 per contract. There were 10 open contracts at this strike prior to today, and today 696 contract(s) were bought and sold.
• Regarding TGT (NYSE:TGT), we observe a put option sweep with bearish sentiment. It expires in 14 day(s) on November 18, 2022. Parties traded 73 contract(s) at a $160.00 strike. This particular put needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $67.5K, with a price of $925.0 per contract. There were 2633 open contracts at this strike prior to today, and today 641 contract(s) were bought and sold.
Options Alert Terminology
– Call Contracts: The right to buy shares as indicated in the contract.
– Put Contracts: The right to sell shares as indicated in the contract.
– Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it.
– Premium/Option Price: The price of the contract.
For more information, visit our Guide to Understanding Options Alerts or read more news on unusual options activity.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
