This article highlights 10 consumer discretionary stocks with notable whale activity in today's session. The stocks include CVNA, ANF, JD, CAVA, BABA, DHI, ODP, NCLH, YETI, and LVS. Whale activity can indicate potential trading opportunities and market sentiment. The article provides an overview of the stocks, their respective option activity, and the sentiment associated with each trade.
Whale activity in the consumer discretionary sector has drawn attention today, with notable trades reported across ten stocks. Analysts and traders often monitor such activity as it can indicate potential trading opportunities and shifts in market sentiment. Below is an overview of the stocks with significant whale activity, their respective option trades, and the sentiment associated with each trade.
CVNA (Carvana Co.)
CVNA saw a call option trade with bearish sentiment. The trade involved 100 contracts at a $370.00 strike price, with a total cost of $79.5K. The trade was executed at a price of $795.0 per contract. Prior to today, there were 123 open contracts at this strike, and 1692 contracts were bought and sold today [1].
ANF (American Eagle Outfitters Inc.)
ANF experienced a call option trade with neutral sentiment. The trade involved 1200 contracts at a $96.00 strike price, with a total cost of $232.8K. The trade was executed at a price of $194.0 per contract. Prior to today, there were 26 open contracts at this strike, and 1217 contracts were bought and sold today [1].
JD (JD.com Inc.)
JD had a call option trade with bearish sentiment. The trade involved 158 contracts at a $30.00 strike price, with a total cost of $38.2K. The trade was executed at a price of $242.0 per contract. Prior to today, there were 5972 open contracts at this strike, and 690 contracts were bought and sold today [1].
CAVA (Carvana Co.)
CAVA experienced a call option trade with bearish sentiment. The trade involved 324 contracts at a $80.00 strike price, with a total cost of $28.5K. The trade was executed at a price of $88.0 per contract. Prior to today, there were 1423 open contracts at this strike, and 578 contracts were bought and sold today [1].
BABA (Alibaba Group Holding Ltd.)
BABA had a put option sweep with bullish sentiment. The trade involved 50 contracts at a $120.00 strike price, with a total cost of $43.2K. The trade was executed at a price of $865.0 per contract. Prior to today, there were 4086 open contracts at this strike, and 568 contracts were bought and sold today [1].
DHI (Dollar Tree Inc.)
DHI saw a put option sweep with bullish sentiment. The trade involved 90 contracts at a $175.00 strike price, with a total cost of $97.2K. The trade was executed at a price of $1080.0 per contract. Prior to today, there were 0 open contracts at this strike, and 510 contracts were bought and sold today [1].
ODP (Opendoor Technologies Inc.)
ODP experienced a call option sweep with bullish sentiment. The trade involved 279 contracts at a $22.00 strike price, with a total cost of $86.4K. The trade was executed at a price of $310.0 per contract. Prior to today, there were 9404 open contracts at this strike, and 495 contracts were bought and sold today [1].
NCLH (Norwegian Cruise Line Holdings Ltd.)
NCLH had a put option trade with bullish sentiment. The trade involved 400 contracts at a $24.00 strike price, with a total cost of $38.0K. The trade was executed at a price of $95.0 per contract. Prior to today, there were 1282 open contracts at this strike, and 424 contracts were bought and sold today [1].
YETI (Yeti, Inc.)
YETI saw a call option sweep with neutral sentiment. The trade involved 89 contracts at a $30.00 strike price, with a total cost of $45.4K. The trade was executed at a price of $510.0 per contract. Prior to today, there were 0 open contracts at this strike, and 412 contracts were bought and sold today [1].
LVS (Luxury Brands Inc.)
LVS experienced a call option trade with bullish sentiment. The trade involved 187 contracts at a $55.00 strike price, with a total cost of $27.3K. The trade was executed at a price of $146.0 per contract. Prior to today, there were 4111 open contracts at this strike, and 342 contracts were bought and sold today [1].
Whale activity in these consumer discretionary stocks suggests varying market sentiments, from bearish to bullish, indicating potential trading opportunities for investors. Analysts and traders should closely monitor these stocks for further developments.
References:
[1] https://www.benzinga.com/insights/options/25/08/47163521/10-consumer-discretionary-stocks-whale-activity-in-todays-session
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