Whale Alerts are a valuable tool for traders seeking to discover potential trading opportunities. These alerts highlight transactions involving large sums of money, often executed by institutional investors known as ‘whales’. By analyzing these transactions, traders can gain valuable insights into market sentiment and potential price movements.
Benzinga’s options activity scanner tracks these whale transactions, providing traders with a comprehensive view of unusual trading activity. One key indicator to watch for is when the market estimation of an option diverges significantly from its typical value. This suggests that large players are making a calculated bet on the future direction of the underlying asset.
Here’s a breakdown of recent notable options activity for various companies:
Tesla (TSLA):
A neutral call option sweep was observed, expiring on August 30, 2024, with a strike price of $225. This indicates that a large volume of contracts were traded at this specific strike price. This could signal potential upside momentum for TSLA stock in the near term.Amazon (AMZN):
A bullish put option sweep was detected, expiring on August 23, 2024, with a strike price of $177.50. This implies that investors are betting on a decline in AMZN stock prices in the short term.Chipotle Mexican Grill (CMG):
A bearish call option trade was observed, expiring on September 20, 2024, with a strike price of $52.00. This suggests that some investors are anticipating a downturn in CMG stock prices.Etsy (ETSY):
A neutral call option sweep was identified, expiring on October 18, 2024, with a strike price of $55.00. This event indicates a considerable amount of trading activity at this particular strike price, which could signal potential volatility in ETSY stock prices.Lucid Group (LCID):
A bullish put option trade was observed, expiring on November 15, 2024, with a strike price of $4.00. This suggests that some investors are optimistic about a potential decline in LCID stock prices in the coming months.Pinduoduo (PDD):
A bearish call option trade was observed, expiring on September 20, 2024, with a strike price of $135.00. This event suggests that investors are anticipating a potential decline in PDD stock prices in the near term.Airbnb (ABNB):
A bearish put option sweep was observed, expiring on January 16, 2026, with a strike price of $110.00. This implies that investors are betting on a decline in ABNB stock prices in the longer term.Nike (NKE):
A bearish put option trade was observed, expiring on March 21, 2025, with a strike price of $77.50. This suggests that some investors are anticipating a potential decline in NKE stock prices in the coming months.Lululemon Athletica (LULU):
A neutral call option trade was observed, expiring on June 20, 2025, with a strike price of $330.00. This event indicates a considerable amount of trading activity at this particular strike price, which could signal potential volatility in LULU stock prices.DoorDash (DASH):
A bullish call option sweep was observed, expiring on January 17, 2025, with a strike price of $125.00. This implies that investors are betting on an increase in DASH stock prices in the coming months.By monitoring these whale alerts and understanding the terminology involved, traders can gain a better understanding of market sentiment and identify potential trading opportunities. It’s important to note that this information should be used in conjunction with other forms of analysis and research before making any investment decisions.
