10 Consumer Discretionary Stocks Whale Activity In Today's Session
Portfolio Pulse from Benzinga Insights
Today's whale activity in the Consumer Discretionary sector highlighted significant options trading across several companies, indicating bullish or bearish sentiments based on the type of options traded (CALL or PUT) and their respective expiration dates. Notable companies include TSLA, AMZN, GM, W, LI, AAP, BABA, NKE, ABNB, and WING, with trades ranging from bullish call options in TSLA and BABA to bearish put options in GM and W.
March 28, 2024 | 5:35 pm
News sentiment analysis
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NEGATIVE IMPACT
Bearish put option sweep on GM with an expiration date on July 19, 2024, indicating negative market sentiment.
The bearish put option sweep on GM suggests that traders are expecting a decrease in GM's stock price in the short term, potentially leading to a downward movement.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 85
NEGATIVE IMPACT
Bearish put option activity on W, expiring on January 17, 2025, reflects negative sentiment towards the stock.
The bearish put option activity on W indicates that traders are pessimistic about W's future price, suggesting a potential short-term decline in its stock price.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Bullish put option sweep on AMZN, expiring on April 19, 2024, suggests an unusual bullish sentiment despite being a put option.
The bullish sentiment on a put option sweep for AMZN indicates that traders might be using puts as a hedge while expecting AMZN's stock to rise, potentially impacting its short-term price positively.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Bullish call option activity on TSLA with an expiration date on May 17, 2024, indicating positive sentiment.
The bullish call option trade on TSLA suggests that traders are optimistic about TSLA's future price movement, potentially leading to a short-term increase in its stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90