Stay ahead of the curve with Benzinga’s whale alert! This powerful tool empowers traders to uncover potential trading opportunities by tracking the transactions of large entities, or whales, in the options market.
When market estimations of an option deviate significantly from its intrinsic value, traders take notice. High trading volumes can drive option prices to inflated or undervalued levels, creating potential opportunities for savvy investors.
Here’s a breakdown of the latest options activity involving notable companies:
TSLA:
A bullish put option sweep on TSLA expires in just 3 days, with a strike price of $145.00. Traders bought 123 contracts for a total cost of $78.7K.W:
A bearish call option sweep on W, expiring in 24 days at a strike price of $60.00, saw 86 contracts traded for a total cost of $34.4K.LRN:
Another bearish put option sweep on LRN, expiring in 24 days with a strike price of $55.00, involved 322 contracts traded for a total cost of $62.8K.PDD:
A bearish put option trade on PDD, expiring in 24 days at a strike price of $120.00, had 296 contracts traded for a total cost of $63.6K.BABA:
A bearish put option sweep on BABA, expiring in 269 days with a strike price of $60.00, saw 94 contracts traded for a total cost of $28.0K.HAS:
A bearish put option sweep on HAS, expiring in 59 days with a strike price of $52.50, involved 270 contracts traded for a total cost of $40.5K.WYNN:
A bearish call option sweep on WYNN, expiring in 59 days at a strike price of $105.00, had 188 contracts traded for a total cost of $53.2K.RIVN:
Yet another bearish put option sweep on RIVN, expiring in 269 days with a strike price of $15.00, saw 219 contracts traded for a total of $147.8K.YETI:
A bullish call option sweep on YETI, expiring in 24 days at a strike price of $35.00, involved 160 contracts traded for a total cost of $51.2K.CHWY:
Finally, a bullish call option sweep on CHWY, expiring in 269 days with a strike price of $22.50, saw 169 contracts traded for a total of $26.5K.Understanding options terminology is crucial for successful trading. Here are some key terms to know:
– Call Contracts: The right to buy shares as specified in the contract.
– Put Contracts: The right to sell shares as specified in the contract.
– Expiration Date: The date when the contract expires and must be exercised.
– Premium/Option Price: The price of the contract.
Stay informed about whales’ options activity with Benzinga’s automated content engine. Our platform provides real-time updates and analysis, helping you make informed trading decisions and potentially uncover profitable opportunities.
