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.

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
RIVN CALL SWEEP BULLISH 01/15/27 $25.00 $53.2K 17.8K 7.0K
QS PUT TRADE BULLISH 01/15/27 $10.00 $134.8K 8.9K 590
JD CALL TRADE BEARISH 01/15/27 $37.00 $109.1K 1.7K 370
TSLA PUT TRADE BEARISH 01/21/28 $420.00 $166.8K 1.4K 60

Explanation

These itemized elaborations have been created using the accompanying table.

• For RIVN (NASDAQ:RIVN), we notice a call option sweep that happens to be bullish, expiring in 171 day(s) on January 15, 2027. This event was a transfer of 200 contract(s) at a $25.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $53.2K, with a price of $267.0 per contract. There were 17863 open contracts at this strike prior to today, and today 7091 contract(s) were bought and sold.

• For QS (NASDAQ:QS), we notice a put option trade that happens to be bullish, expiring in 171 day(s) on January 15, 2027. This event was a transfer of 428 contract(s) at a $10.00 strike. The total cost received by the writing party (or parties) was $134.8K, with a price of $315.0 per contract. There were 8992 open contracts at this strike prior to today, and today 590 contract(s) were bought and sold.

• For JD (NASDAQ:JD), we notice a call option trade that happens to be bearish, expiring in 171 day(s) on January 15, 2027. This event was a transfer of 370 contract(s) at a $37.00 strike. The total cost received by the writing party (or parties) was $109.1K, with a price of $295.0 per contract. There were 1771 open contracts at this strike prior to today, and today 370 contract(s) were bought and sold.

• For TSLA (NASDAQ:TSLA), we notice a put option trade that happens to be bearish, expiring in 542 day(s) on January 21, 2028. This event was a transfer of 14 contract(s) at a $420.00 strike. The total cost received by the writing party (or parties) was $166.8K, with a price of $11920.0 per contract. There were 1499 open contracts at this strike prior to today, and today 60 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 about unusual options activity.

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