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 drive 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	SCANNING	BULLISH	05/13/22	$770.00	$43,300	1.3K	36.4K
BABA	PUT	SCANNING	NEUTRAL	01/20/23	$300.00	$85.2,000	6	3.9K
GM	PUT	SCANNING	NEUTRAL	05/20/22	$44.00	$113,400	5.3K	3.7K
PDD	PUT	TRADE	BEARISH	01/20/23	$35.00	$2.0 million	2.6K	2.5K
CVNA	CALL	SCANNING	BULLISH	05/13/22	$35.00	$95,000	8.2K	2.2K
AMZN	PUT	SCANNING	NEUTRAL	05/20/22	$2200.00	$46.7,000	965	1.3K
HR	CALL	SCANNING	BEARISH	01/20/23	$580.00	$357.4,000	202	458
CROSS	PUT	TRADE	BEARISH	12/16/22	$50.00	$136,000	4	200
SHORE	CALL	TRADE	BEARISH	01/19/24	$20.00	$40.8,000	946	199
LULU	PUT	TRADE	BULLISH	09/16/22	$340.00	$48,000	1.5K	136

Explanation

These detailed elaborations were created using the attached table.

• For TSLA TSLAwe notice a put option scanning it happens to be bullish, expires today. Parts exchanged 101 one-to-one contract(s) $770.00 hit. This particular position had to be divided into 21 different trades to be filled. The total cost received by the writing party (or parties) has been $43,300with a price of $415.0 by contract. There was 1387 contracts open to this strike before today, and today 36452 contract(s) have been bought and sold.

• Regarding BABA BABAwe observe a put option scanning with neutral feeling. It expires in 252 day(s) on January 20, 2023. Parts exchanged 4 one-to-one contract(s) $300.00 hit. This particular put had to be split into 4 different trades to be filled. The total cost received by the writing party (or parties) has been $85.2,000with a price of $21324.0 by contract. There was 6 contracts open to this strike before today, and today 3962 contract(s) have been bought and sold.

• Regarding GM GMwe observe a put option scanning with neutral feeling. It expires in 7 day(s) on May 20, 2022. Parts exchanged 199 one-to-one contract(s) $44.00 hit. This particular put had to be split into 5 different trades to be filled. The total cost received by the writing party (or parties) has been $113,400with a price of $570.0 by contract. There was 5358 contracts open to this strike before today, and today 3766 contract(s) have been bought and sold.

• Regarding PDD PDDwe observe a put option Trade with bearish feeling. It expires in 252 day(s) on January 20, 2023. Parts exchanged 2500 one-to-one contract(s) $35.00 hit. The total cost received by the writing party (or parties) has been $2.0 millionwith a price of $825.0 by contract. There was 2677 contracts open to this strike before today, and today 2501 contract(s) have been bought and sold.

• For CVNA CVNAwe notice a call option scanning it happens to be bullish, expires today. Parts exchanged 221 one-to-one contract(s) $35.00 hit. This particular call had to be split into 4 different trades to be filled. The total cost received by the writing party (or parties) has been $95,000with a price of $430.0 by contract. There was 8269 contracts open to this strike before today, and today 2244 contract(s) have been bought and sold.

• For AMZN AMZNwe notice a put option scanning it happens to be neutralexpiring in 7 day(s) on May 20, 2022. This event was a transfer of ten one-to-one contract(s) $2200.00 hit. 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 $46.7,000with a price of $4665.0 by contract. There was 965 contracts open to this strike before today, and today 1384 contract(s) have been bought and sold.

• Regarding HR HRwe observe a call option scanning with bearish feeling. It expires in 252 day(s) on January 20, 2023. Parts exchanged 458 one-to-one contract(s) $580.00 hit. This particular call had to be split into 31 different trades to be filled. The total cost received by the writing party (or parties) has been $357.4,000with a price of $780.0 by contract. There was 202 contracts open to this strike before today, and today 458 contract(s) have been bought and sold.

• Regarding CROSS CROSSwe observe a put option Trade with bearish feeling. It expires in 217 day(s) on December 16, 2022. Parts exchanged 200 one-to-one contract(s) $50.00 hit. The total cost received by the writing party (or parties) has been $136,000with a price of $680.0 by contract. There was 4 contracts open to this strike before today, and today 200 contract(s) have been bought and sold.

• Regarding SHORE SHOREwe observe a call option Trade with bearish feeling. It expires in 616 day(s) on January 19, 2024. Parts exchanged 30 one-to-one contract(s) $20.00 hit. The total cost received by the writing party (or parties) has been $40.8,000with a price of $1360.0 by contract. There was 946 contracts open to this strike before today, and today 199 contract(s) have been bought and sold.

• For LULU LULUwe notice a put option Trade it happens to be bullishexpiring in 126 day(s) on September 16, 2022. This event was a transfer of 9 one-to-one contract(s) $340.00 hit. The total cost received by the writing party (or parties) has been $48,000with a price of $5340.0 by contract. There was 1526 contracts open to this strike before today, and today 136 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 learn more about unusual options activity.

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