This whale alert can help traders discover the next big trade opportunities.

Whales are big money entities and we track their transactions here at Benzinga on our options activity scanner.

Traders will look for circumstances where the market estimate of an option deviates significantly from its normal value. High volumes of trading activity could push option prices to overstated or understated levels.

Below are some examples of options activity in the consumer discretionary sector:

Symbol	PUT/CALL	Kind of trade	Feeling	Exp. Date	Strike price	Total trade price	open interest	Volume
TSLA	PUT	TRADE	BEARISH	09/30/22	$275.00	$64.5,000	9.9K	67.1K
BABA	CALL	SWEEP	BEARISH	09/30/22	$80.00	$61,800	4.4K	7.4K
AMZN	CALL	SWEEP	BULLISH	11/18/22	$115.00	$27,000	11.0K	387
MGM	CALL	SWEEP	BULLISH	12/16/22	$33.00	$71,200	396	366
XPEV	CALL	TRADE	NEUTRAL	01/20/23	$20.00	$194,000	7.4K	343
RCL	PUT	SWEEP	BEARISH	01/20/23	$25.00	$27,200	3.3K	250
IRCP	PUT	TRADE	BEARISH	01/20/23	$42.50	$33,000	885	244
HBI	PUT	TRADE	BULLISH	01/20/23	$13.00	$55,000	905	101
HR	CALL	TRADE	BEARISH	01/19/24	$320.00	$77.5,000	2.2K	77
IPI	PUT	SWEEP	BEARISH	10/21/22	$95.00	$32,900	1.2K	77

Explanation

These detailed elaborations were created using the attached table.

• For TSLA TSLAwe notice a put option Trade it happens to be bearishexpiring in 4 day(s) on September 30, 2022. This event was a transfer of 100 one-to-one contract(s) $275.00 strike. The total cost received by the writing party (or parties) has been $64.5,000with a price of $645.0 by contract. There was 9966 contracts open to this strike before today, and today 67161 contract(s) have been bought and sold.

• For BABA BABAwe notice a call option sweep it happens to be bearishexpiring in 4 day(s) on September 30, 2022. This event was a transfer of 396 one-to-one contract(s) $80.00 strike. This particular call had to be split into 44 different trades to be filled. The total cost received by the writing party (or parties) has been $61,800with a price of $156.0 by contract. There was 4496 contracts open to this strike before today, and today 7441 contract(s) have been bought and sold.

• For AMZN AMZNwe notice a call option sweep it happens to be bullishexpiring in 53 day(s) on November 18, 2022. This event was a transfer of 30 one-to-one contract(s) $115.00 strike. This particular call had to be split into 3 different trades to be filled. The total cost received by the writing party (or parties) has been $27,000with a price of $900.0 by contract. There was 11038 contracts open to this strike before today, and today 387 contract(s) have been bought and sold.

• Re MGM MGMwe observe a call option sweep with bullish feeling. It expires in 81 day(s) on December 16, 2022. Parts exchanged 360 one-to-one contract(s) $33.00 strike. This particular call had to be split into 15 different trades to be filled. The total cost received by the writing party (or parties) has been $71,200with a price of $198.0 by contract. There was 396 contracts open to this strike before today, and today 366 contract(s) have been bought and sold.

• For XPEV XPEVwe notice a call option Trade it happens to be neutralexpiring in 116 day(s) on January 20, 2023. This event was a transfer of 2000 one-to-one contract(s) $20.00 strike. The total cost received by the writing party (or parties) has been $194,000with a price of $97.0 by contract. There was 7473 contracts open to this strike before today, and today 343 contract(s) have been bought and sold.

• Re RCL RCLwe observe a put option sweep with bearish feeling. It expires in 116 day(s) on January 20, 2023. Parts exchanged 250 one-to-one contract(s) $25.00 strike. This particular put had to be split into 7 different trades to be filled. The total cost received by the writing party (or parties) has been $27,200with a price of $109.0 by contract. There was 3337 contracts open to this strike before today, and today 250 contract(s) have been bought and sold.

• For IRCP IRCPwe notice a put option Trade it happens to be bearishexpiring in 116 day(s) on January 20, 2023. This event was a transfer of 50 one-to-one contract(s) $42.50 strike. The total cost received by the writing party (or parties) has been $33,000with a price of $660.0 by contract. There was 885 contracts open to this strike before today, and today 244 contract(s) have been bought and sold.

• Re HBI HBIwe observe a put option Trade with bullish feeling. It expires in 116 day(s) on January 20, 2023. Parts exchanged 100 one-to-one contract(s) $13.00 strike. The total cost received by the writing party (or parties) has been $55,000with a price of $550.0 by contract. There was 905 contracts open to this strike before today, and today 101 contract(s) have been bought and sold.

• Re HR HRwe observe a call option Trade with bearish feeling. It expires in 480 day(s) on January 19, 2024. Parts exchanged 18 one-to-one contract(s) $320.00 strike. The total cost received by the writing party (or parties) has been $77.5,000with a price of $4310.0 by contract. There was 2240 contracts open to this strike before today, and today 77 contract(s) have been bought and sold.

• Re IIP IIPwe observe a put option sweep with bearish feeling. It expires in 25 day(s) on October 21, 2022. Parts exchanged 90 one-to-one contract(s) $95.00 strike. This particular put had to be split into 3 different trades to be filled. The total cost received by the writing party (or parties) has been $32,900with a price of $366.0 by contract. There was 1220 contracts open to this strike before today, and today 77 contract(s) have been bought and sold.

Options Alert Terminology
– Call contracts: The right to purchase shares as stated in the contract.
– Put contracts: The right to sell shares as stated in the contract.
– Expiration date: When the contract expires. We must act on the contract on this date if we want to use it.
– Premium/Option Price: The contract price.

For more information visit our Guide to Understanding Options Alerts or read more news about unusual options activity.

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