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 |
|---|---|---|---|---|---|---|---|---|
| GOOG | CALL | TRADE | BULLISH | 01/16/26 | $175.00 | $164.1K | 3.4K | 1.0K |
| RDDT | PUT | TRADE | BEARISH | 10/18/24 | $60.00 | $27.5K | 3.2K | 301 |
| GOOGL | CALL | SWEEP | BULLISH | 08/16/24 | $190.00 | $36.5K | 3.2K | 285 |
| BILI | CALL | SWEEP | BEARISH | 01/17/25 | $15.00 | $34.0K | 2.4K | 200 |
| META | CALL | SWEEP | BULLISH | 08/16/24 | $580.00 | $39.3K | 668 | 147 |
| DJT | CALL | TRADE | BEARISH | 11/15/24 | $50.00 | $25.0K | 1.2K | 80 |
| TTWO | CALL | TRADE | NEUTRAL | 01/16/26 | $210.00 | $42.1K | 151 | 30 |
| SATS | CALL | TRADE | BEARISH | 01/16/26 | $10.00 | $30.2K | 93 | 25 |
| NFLX | PUT | TRADE | BEARISH | 12/18/26 | $480.00 | $51.4K | 34 | 10 |
Explanation
These itemized elaborations have been created using the accompanying table.
• Regarding GOOG GOOG, we observe a call option trade with bullish sentiment. It expires in 590 day(s) on January 16, 2026. Parties traded 50 contract(s) at a $175.00 strike. The total cost received by the writing party (or parties) was $164.1K, with a price of $3283.0 per contract. There were 3433 open contracts at this strike prior to today, and today 1055 contract(s) were bought and sold.
• For RDDT RDDT, we notice a put option trade that happens to be bearish, expiring in 135 day(s) on October 18, 2024. This event was a transfer of 25 contract(s) at a $60.00 strike. The total cost received by the writing party (or parties) was $27.5K, with a price of $1100.0 per contract. There were 3277 open contracts at this strike prior to today, and today 301 contract(s) were bought and sold.
• Regarding GOOGL GOOGL, we observe a call option sweep with bullish sentiment. It expires in 72 day(s) on August 16, 2024. Parties traded 100 contract(s) at a $190.00 strike. This particular call needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was $36.5K, with a price of $365.0 per contract. There were 3224 open contracts at this strike prior to today, and today 285 contract(s) were bought and sold.
• For BILI BILI, we notice a call option sweep that happens to be bearish, expiring in 226 day(s) on January 17, 2025. This event was a transfer of 100 contract(s) at a $15.00 strike. This particular call needed to be split into 15 different trades to become filled. The total cost received by the writing party (or parties) was $34.0K, with a price of $340.0 per contract. There were 2446 open contracts at this strike prior to today, and today 200 contract(s) were bought and sold.
• Regarding META META, we observe a call option sweep with bullish sentiment. It expires in 72 day(s) on August 16, 2024. Parties traded 60 contract(s) at a $580.00 strike. This particular call needed to be split into 27 different trades to become filled. The total cost received by the writing party (or parties) was $39.3K, with a price of $655.0 per contract. There were 668 open contracts at this strike prior to today, and today 147 contract(s) were bought and sold.
• For DJT DJT, we notice a call option trade that happens to be bearish, expiring in 163 day(s) on November 15, 2024. This event was a transfer of 50 contract(s) at a $50.00 strike. The total cost received by the writing party (or parties) was $25.0K, with a price of $500.0 per contract. There were 1274 open contracts at this strike prior to today, and today 80 contract(s) were bought and sold.
• Regarding TTWO TTWO, we observe a call option trade with neutral sentiment. It expires in 590 day(s) on January 16, 2026. Parties traded 30 contract(s) at a $210.00 strike. The total cost received by the writing party (or parties) was $42.1K, with a price of $1404.0 per contract. There were 151 open contracts at this strike prior to today, and today 30 contract(s) were bought and sold.
• For SATS SATS, we notice a call option trade that happens to be bearish, expiring in 590 day(s) on January 16, 2026. This event was a transfer of 25 contract(s) at a $10.00 strike. The total cost received by the writing party (or parties) was $30.2K, with a price of $1210.0 per contract. There were 93 open contracts at this strike prior to today, and today 25 contract(s) were bought and sold.
• Regarding NFLX NFLX, we observe a put option trade with bearish sentiment. It expires in 926 day(s) on December 18, 2026. Parties traded 10 contract(s) at a $480.00 strike. The total cost received by the writing party (or parties) was $51.4K, with a price of $5140.0 per contract. There were 34 open contracts at this strike prior to today, and today 10 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 news on 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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