This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels.
Below are some instances of options activity happening in the Communication Services sector:
Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
---|---|---|---|---|---|---|---|---|
META | CALL | SWEEP | BULLISH | 02/09/24 | $460.00 | $52.3K | 4.4K | 13.3K |
GOOG | PUT | TRADE | BULLISH | 01/17/25 | $145.00 | $241.0K | 6.4K | 7.0K |
PUBM | PUT | SWEEP | BULLISH | 01/17/25 | $12.50 | $51.8K | 258 | 5.5K |
SNAP | PUT | SWEEP | BEARISH | 02/09/24 | $16.50 | $57.9K | 1.5K | 3.4K |
NFLX | PUT | SWEEP | BEARISH | 02/09/24 | $545.00 | $53.4K | 1.3K | 1.4K |
GOOGL | PUT | TRADE | BEARISH | 01/16/26 | $150.00 | $28.1K | 333 | 389 |
ROKU | CALL | SWEEP | BULLISH | 03/15/24 | $90.00 | $52.1K | 827 | 276 |
TTD | PUT | SWEEP | BEARISH | 04/19/24 | $70.00 | $28.5K | 681 | 108 |
CMCSA | PUT | SWEEP | BEARISH | 07/19/24 | $50.00 | $92.7K | 564 | 90 |
NTES | PUT | SWEEP | BEARISH | 03/15/24 | $105.00 | $40.7K | 643 | 76 |
Explanation
These bullet-by-bullet explanations have been constructed using the accompanying table.
• For META META, we notice a call option sweep that happens to be bullish, expiring in 3 day(s) on February 9, 2024. This event was a transfer of 100 contract(s) at a $460.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $52.3K, with a price of $522.0 per contract. There were 4440 open contracts at this strike prior to today, and today 13312 contract(s) were bought and sold.
• For GOOG GOOG, we notice a put option trade that happens to be bullish, expiring in 346 day(s) on January 17, 2025. This event was a transfer of 200 contract(s) at a $145.00 strike. The total cost received by the writing party (or parties) was $241.0K, with a price of $1205.0 per contract. There were 6441 open contracts at this strike prior to today, and today 7010 contract(s) were bought and sold.
• Regarding PUBM PUBM, we observe a put option sweep with bullish sentiment. It expires in 346 day(s) on January 17, 2025. Parties traded 369 contract(s) at a $12.50 strike. This particular put needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $51.8K, with a price of $140.0 per contract. There were 258 open contracts at this strike prior to today, and today 5533 contract(s) were bought and sold.
• For SNAP SNAP, we notice a put option sweep that happens to be bearish, expiring in 3 day(s) on February 9, 2024. This event was a transfer of 419 contract(s) at a $16.50 strike. This particular put needed to be split into 17 different trades to become filled. The total cost received by the writing party (or parties) was $57.9K, with a price of $139.0 per contract. There were 1578 open contracts at this strike prior to today, and today 3401 contract(s) were bought and sold.
• Regarding NFLX NFLX, we observe a put option sweep with bearish sentiment. It expires in 3 day(s) on February 9, 2024. Parties traded 300 contract(s) at a $545.00 strike. This particular put needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $53.4K, with a price of $178.0 per contract. There were 1398 open contracts at this strike prior to today, and today 1435 contract(s) were bought and sold.
• For GOOGL GOOGL, we notice a put option trade that happens to be bearish, expiring in 710 day(s) on January 16, 2026. This event was a transfer of 14 contract(s) at a $150.00 strike. The total cost received by the writing party (or parties) was $28.1K, with a price of $2012.0 per contract. There were 333 open contracts at this strike prior to today, and today 389 contract(s) were bought and sold.
• For ROKU ROKU, we notice a call option sweep that happens to be bullish, expiring in 38 day(s) on March 15, 2024. This event was a transfer of 50 contract(s) at a $90.00 strike. This particular call needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $52.1K, with a price of $1038.0 per contract. There were 827 open contracts at this strike prior to today, and today 276 contract(s) were bought and sold.
• For TTD TTD, we notice a put option sweep that happens to be bearish, expiring in 73 day(s) on April 19, 2024. This event was a transfer of 38 contract(s) at a $70.00 strike. This particular put needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was $28.5K, with a price of $750.0 per contract. There were 681 open contracts at this strike prior to today, and today 108 contract(s) were bought and sold.
• For CMCSA CMCSA, we notice a put option sweep that happens to be bearish, expiring in 164 day(s) on July 19, 2024. This event was a transfer of 152 contract(s) at a $50.00 strike. This particular put needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $92.7K, with a price of $610.0 per contract. There were 564 open contracts at this strike prior to today, and today 90 contract(s) were bought and sold.
• Regarding NTES NTES, we observe a put option sweep with bearish sentiment. It expires in 38 day(s) on March 15, 2024. Parties traded 74 contract(s) at a $105.00 strike. This particular put needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $40.7K, with a price of $550.0 per contract. There were 643 open contracts at this strike prior to today, and today 76 contract(s) were bought and sold.
Options Alert Terminology
- Call Contracts: The right to buy shares as indicated in the contract.
- Put Contracts: The right to sell shares as indicated in the contract.
- Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it.
- Premium/Option Price: The price of the contract.
For more information, visit our Guide to Understanding Options Alerts or read more about unusual options activity.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
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