This unusual options alert can help traders track potentially big trading opportunities. Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Unusual trading activity could push option prices to hyperbolic or underperforming levels.
Here’s the list of some unusual 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 | 10/15/21 | $750.00 | $145.0K | 19.8K | 91.1K |
| BABA | CALL | TRADE | NEUTRAL | 10/15/21 | $170.00 | $196.2K | 17.0K | 31.3K |
| DKNG | CALL | SWEEP | BULLISH | 10/22/21 | $53.00 | $38.5K | 1.3K | 9.8K |
| F | CALL | SWEEP | BULLISH | 10/29/21 | $15.50 | $92.2K | 16.0K | 9.3K |
| TAL | CALL | SWEEP | BEARISH | 05/20/22 | $5.50 | $291.2K | 55 | 7.7K |
| QS | CALL | TRADE | BEARISH | 10/29/21 | $29.00 | $72.5K | 10.3K | 5.0K |
| UA | CALL | SWEEP | BEARISH | 11/19/21 | $17.50 | $29.5K | 255 | 3.7K |
| YETI | CALL | SWEEP | BEARISH | 11/19/21 | $95.00 | $55.6K | 834 | 2.7K |
| EDU | PUT | SWEEP | BULLISH | 11/19/21 | $2.00 | $25.1K | 4.1K | 2.1K |
| CROX | CALL | SWEEP | BULLISH | 11/19/21 | $140.00 | $108.0K | 197 | 976 |
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, expiring in 4 day(s) on October 15, 2021. This event was a transfer of 290 contract(s) at a $750.00 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 $145.0K, with a price of $500.0 per contract. There were 19865 open contracts at this strike prior to today, and today 91125 contract(s) were bought and sold.
• Regarding BABA (NYSE:BABA), we observe a call option trade with neutral sentiment. It expires in 4 day(s) on October 15, 2021. Parties traded 884 contract(s) at a $170.00 strike. The total cost received by the writing party (or parties) was $196.2K, with a price of $222.0 per contract. There were 17084 open contracts at this strike prior to today, and today 31393 contract(s) were bought and sold.
• For DKNG (NASDAQ:DKNG), we notice a call option sweep that happens to be bullish, expiring in 11 day(s) on October 22, 2021. This event was a transfer of 726 contract(s) at a $53.00 strike. This particular call needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $38.5K, with a price of $53.0 per contract. There were 1317 open contracts at this strike prior to today, and today 9857 contract(s) were bought and sold.
• Regarding F (NYSE:F), we observe a call option sweep with bullish sentiment. It expires in 18 day(s) on October 29, 2021. Parties traded 2000 contract(s) at a $15.50 strike. This particular call needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $92.2K, with a price of $46.0 per contract. There were 16097 open contracts at this strike prior to today, and today 9359 contract(s) were bought and sold.
• For TAL (NYSE:TAL), we notice a call option sweep that happens to be bearish, expiring in 221 day(s) on May 20, 2022. This event was a transfer of 1819 contract(s) at a $5.50 strike. This particular call needed to be split into 26 different trades to become filled. The total cost received by the writing party (or parties) was $291.2K, with a price of $160.0 per contract. There were 55 open contracts at this strike prior to today, and today 7786 contract(s) were bought and sold.
• Regarding QS (NYSE:QS), we observe a call option trade with bearish sentiment. It expires in 18 day(s) on October 29, 2021. Parties traded 2500 contract(s) at a $29.00 strike. The total cost received by the writing party (or parties) was $72.5K, with a price of $29.0 per contract. There were 10391 open contracts at this strike prior to today, and today 5059 contract(s) were bought and sold.
• Regarding UA (NYSE:UA), we observe a call option sweep with bearish sentiment. It expires in 39 day(s) on November 19, 2021. Parties traded 227 contract(s) at a $17.50 strike. This particular call needed to be split into 17 different trades to become filled. The total cost received by the writing party (or parties) was $29.5K, with a price of $130.0 per contract. There were 255 open contracts at this strike prior to today, and today 3748 contract(s) were bought and sold.
• For YETI (NYSE:YETI), we notice a call option sweep that happens to be bearish, expiring in 39 day(s) on November 19, 2021. This event was a transfer of 384 contract(s) at a $95.00 strike. This particular call needed to be split into 26 different trades to become filled. The total cost received by the writing party (or parties) was $55.6K, with a price of $145.0 per contract. There were 834 open contracts at this strike prior to today, and today 2759 contract(s) were bought and sold.
• Regarding EDU (NYSE:EDU), we observe a put option sweep with bullish sentiment. It expires in 39 day(s) on November 19, 2021. Parties traded 1000 contract(s) at a $2.00 strike. This particular put needed to be split into 27 different trades to become filled. The total cost received by the writing party (or parties) was $25.1K, with a price of $25.0 per contract. There were 4127 open contracts at this strike prior to today, and today 2111 contract(s) were bought and sold.
• Regarding CROX (NASDAQ:CROX), we observe a call option sweep with bullish sentiment. It expires in 39 day(s) on November 19, 2021. Parties traded 200 contract(s) at a $140.00 strike. This particular call needed to be split into 28 different trades to become filled. The total cost received by the writing party (or parties) was $108.0K, with a price of $540.0 per contract. There were 197 open contracts at this strike prior to today, and today 976 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.
