- Benzinga's options activity scanner tracked whale transactions involving ten Consumer Discretionary stocks to help traders discover trading opportunities.
- Notable activities include bullish call sweeps for AMZN at a $260.00 strike price totaling $27.7K and bearish call sweeps for ONON at a $32.50 strike price totaling $43.3K.
- Other significant trades featured bullish put options for CVNA at a $65.00 strike price totaling $963.6K and bearish call options for RH at a $60.00 strike price totaling $169.6K.
- TD Cowen analyst Itay Michaeli maintained a Buy rating and a $460 price target on Tesla stock, emphasizing its strong autonomous vehicle prospects.
- The analyst noted that Tesla and Waymo are best positioned to dominate the U.S. autonomous vehicle market, which is expected to favor a winner-take-most model.
- Despite Tesla dropping 24% year-to-date due to margin and EV competition concerns, experts highlight its software safety improvements and consumer appeal.