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 often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming 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 | TRADE | BEARISH | 06/18/26 | $950.00 | $47.5K | 38.2K | 40.7K |
DIS | CALL | SWEEP | BULLISH | 02/16/24 | $110.00 | $41.6K | 9.5K | 23.5K |
SNAP | CALL | SWEEP | BULLISH | 03/08/24 | $12.00 | $83.7K | 974 | 5.6K |
GOOGL | CALL | TRADE | BULLISH | 02/09/24 | $144.00 | $51.2K | 4.1K | 5.0K |
PINS | PUT | TRADE | BEARISH | 02/09/24 | $35.00 | $68.4K | 3.5K | 4.7K |
QNST | CALL | SWEEP | BEARISH | 06/21/24 | $15.00 | $34.0K | 1.0K | 730 |
OMC | PUT | SWEEP | BULLISH | 03/15/24 | $85.00 | $26.8K | 9 | 399 |
GOOG | CALL | SWEEP | BEARISH | 03/01/24 | $147.00 | $26.9K | 1.1K | 272 |
ROKU | CALL | TRADE | BEARISH | 04/19/24 | $100.00 | $25.4K | 1.7K | 235 |
TTWO | PUT | SWEEP | BEARISH | 02/09/24 | $170.00 | $26.6K | 214 | 203 |
Explanation
These itemized elaborations have been created using the accompanying table.
• Regarding META META, we observe a call option trade with bearish sentiment. It expires in 861 day(s) on June 18, 2026. Parties traded 25 contract(s) at a $950.00 strike. The total cost received by the writing party (or parties) was $47.5K, with a price of $1900.0 per contract. There were 38254 open contracts at this strike prior to today, and today 40710 contract(s) were bought and sold.
• For DIS DIS, we notice a call option sweep that happens to be bullish, expiring in 8 day(s) on February 16, 2024. This event was a transfer of 152 contract(s) at a $110.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $41.6K, with a price of $274.0 per contract. There were 9592 open contracts at this strike prior to today, and today 23583 contract(s) were bought and sold.
• For SNAP SNAP, we notice a call option sweep that happens to be bullish, expiring in 29 day(s) on March 8, 2024. This event was a transfer of 2408 contract(s) at a $12.00 strike. This particular call needed to be split into 77 different trades to become filled. The total cost received by the writing party (or parties) was $83.7K, with a price of $35.0 per contract. There were 974 open contracts at this strike prior to today, and today 5637 contract(s) were bought and sold.
• For GOOGL GOOGL, we notice a call option trade that happens to be bullish, expiring in 1 day(s) on February 9, 2024. This event was a transfer of 220 contract(s) at a $144.00 strike. The total cost received by the writing party (or parties) was $51.2K, with a price of $233.0 per contract. There were 4131 open contracts at this strike prior to today, and today 5035 contract(s) were bought and sold.
• For PINS PINS, we notice a put option trade that happens to be bearish, expiring in 1 day(s) on February 9, 2024. This event was a transfer of 878 contract(s) at a $35.00 strike. The total cost received by the writing party (or parties) was $68.4K, with a price of $78.0 per contract. There were 3595 open contracts at this strike prior to today, and today 4703 contract(s) were bought and sold.
• For QNST QNST, we notice a call option sweep that happens to be bearish, expiring in 134 day(s) on June 21, 2024. This event was a transfer of 227 contract(s) at a $15.00 strike. This particular call needed to be split into 14 different trades to become filled. The total cost received by the writing party (or parties) was $34.0K, with a price of $150.0 per contract. There were 1040 open contracts at this strike prior to today, and today 730 contract(s) were bought and sold.
• Regarding OMC OMC, we observe a put option sweep with bullish sentiment. It expires in 36 day(s) on March 15, 2024. Parties traded 168 contract(s) at a $85.00 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 $26.8K, with a price of $160.0 per contract. There were 9 open contracts at this strike prior to today, and today 399 contract(s) were bought and sold.
• For GOOG GOOG, we notice a call option sweep that happens to be bearish, expiring in 22 day(s) on March 1, 2024. This event was a transfer of 78 contract(s) at a $147.00 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 $26.9K, with a price of $346.0 per contract. There were 1195 open contracts at this strike prior to today, and today 272 contract(s) were bought and sold.
• Regarding ROKU ROKU, we observe a call option trade with bearish sentiment. It expires in 71 day(s) on April 19, 2024. Parties traded 25 contract(s) at a $100.00 strike. The total cost received by the writing party (or parties) was $25.4K, with a price of $1020.0 per contract. There were 1789 open contracts at this strike prior to today, and today 235 contract(s) were bought and sold.
• Regarding TTWO TTWO, we observe a put option sweep with bearish sentiment. It expires in 1 day(s) on February 9, 2024. Parties traded 55 contract(s) at a $170.00 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 $26.6K, with a price of $485.0 per contract. There were 214 open contracts at this strike prior to today, and today 203 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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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