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 will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated 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 |
|---|---|---|---|---|---|---|---|---|
| FFIE | CALL | SWEEP | BULLISH | 06/21/24 | $4.00 | $32.9K | 0 | 35.4K |
| BABA | CALL | SWEEP | BEARISH | 06/21/24 | $85.00 | $68.3K | 36.8K | 21.1K |
| AMZN | CALL | SWEEP | BEARISH | 06/21/24 | $200.00 | $66.2K | 60.5K | 4.2K |
| JD | CALL | TRADE | BULLISH | 01/17/25 | $62.50 | $68.3K | 2.3K | 1.2K |
| VFS | PUT | SWEEP | BEARISH | 06/21/24 | $10.00 | $30.5K | 52 | 503 |
| HGV | CALL | SWEEP | BULLISH | 06/21/24 | $45.00 | $34.5K | 12 | 496 |
| WYNN | CALL | SWEEP | BULLISH | 05/17/24 | $94.00 | $81.5K | 1.5K | 438 |
| XPEV | PUT | SWEEP | BULLISH | 10/18/24 | $9.00 | $51.2K | 3.9K | 246 |
| GME | CALL | TRADE | BULLISH | 08/16/24 | $27.00 | $125.0K | 0 | 210 |
| FIVE | CALL | SWEEP | BEARISH | 11/15/24 | $165.00 | $56.3K | 84 | 64 |
Explanation
These itemized elaborations have been created using the accompanying table.
• For FFIE (NASDAQ:FFIE), we notice a call option sweep that happens to be bullish, expiring in 36 day(s) on June 21, 2024. This event was a transfer of 604 contract(s) at a $4.00 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 $32.9K, with a price of $54.0 per contract. There were 0 open contracts at this strike prior to today, and today 35473 contract(s) were bought and sold.
• Regarding BABA (NYSE:BABA), we observe a call option sweep with bearish sentiment. It expires in 36 day(s) on June 21, 2024. Parties traded 159 contract(s) at a $85.00 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 $68.3K, with a price of $430.0 per contract. There were 36838 open contracts at this strike prior to today, and today 21199 contract(s) were bought and sold.
• Regarding AMZN (NASDAQ:AMZN), we observe a call option sweep with bearish sentiment. It expires in 36 day(s) on June 21,…
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