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.

Below are some instances of options activity happening in the Consumer Discretionary sector:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
BABA CALL SWEEP BULLISH 12/17/27 $150.00 $41.0K 7.4K 73
GME CALL TRADE BULLISH 10/16/26 $20.00 $33.8K 2.1K 67
TSLA CALL SWEEP NEUTRAL 06/18/26 $500.00 $89.4K 16.1K 32

Explanation

These bullet-by-bullet explanations have been constructed using the accompanying table.

• Regarding BABA (NYSE:BABA), we observe a call option sweep with bullish sentiment. It expires in 605 day(s) on December 17, 2027. Parties traded 9 contract(s) at a $150.00 strike. This particular call needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was $41.0K, with a price of $4560.0 per contract. There were 7468 open contracts at this strike prior to today, and today 73 contract(s) were bought and sold.

• Regarding GME (NYSE:GME), we observe a call option trade with bullish sentiment. It expires in 178 day(s) on October 16, 2026. Parties traded 67 contract(s) at a $20.00 strike. The total cost received by the writing party (or parties) was $33.8K, with a price of $505.0 per contract. There were 2190 open contracts at this strike prior to today, and today 67 contract(s) were bought and sold.

• For TSLA (NASDAQ:TSLA), we notice a call option sweep that happens to be neutral, expiring in 58 day(s) on June 18, 2026. This event was a transfer of 21 contract(s) at a $500.00 strike. This particular call needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was $89.4K, with a price of $4256.0 per contract. There were 16177 open contracts at this strike prior to today, and today 32 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, read more news on unusual options activity.

This article was generated by Benzinga's automated content engine and reviewed by an editor.