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 |
|---|---|---|---|---|---|---|---|---|
| NFLX | PUT | SWEEP | BEARISH | 07/22/22 | $215.00 | $25.9K | 1.0K | 6.6K |
| GOOGL | CALL | SWEEP | BEARISH | 07/22/22 | $113.50 | $48.5K | 4.6K | 5.2K |
| TWTR | PUT | SWEEP | BEARISH | 07/29/22 | $42.50 | $25.4K | 2.2K | 2.1K |
| GOOG | CALL | SWEEP | BEARISH | 08/19/22 | $115.00 | $94.0K | 10.9K | 1.1K |
| META | PUT | TRADE | NEUTRAL | 06/16/23 | $145.00 | $130.2K | 1.5K | 254 |
| SNAP | PUT | TRADE | BEARISH | 11/18/22 | $34.00 | $48.8K | 185 | 72 |
| ROKU | CALL | TRADE | BULLISH | 09/16/22 | $95.00 | $40.3K | 693 | 42 |
| SE | PUT | TRADE | BULLISH | 01/20/23 | $100.00 | $28.6K | 608 | 19 |
| DIS | CALL | TRADE | BEARISH | 08/19/22 | $70.00 | $33.6K | 20 | 10 |
Explanation
These bullet-by-bullet explanations have been constructed using the accompanying table.
• For NFLX NFLX, we notice a put option sweep that happens to be bearish, expiring in 1 day(s) on July 22, 2022. This event was a transfer of 194 contract(s) at a $215.00 strike. This particular put needed to be split into 22 different trades to become filled. The total cost received by the writing party (or parties) was $25.9K, with a price of $134.0 per contract. There were 1080 open contracts at this strike prior to today, and today 6628 contract(s) were bought and sold.
• Regarding GOOGL GOOGL, we observe a call option sweep with bearish sentiment. It expires in 1 day(s) on July 22, 2022. Parties traded 440 contract(s) at a $113.50 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 $48.5K, with a price of $110.0 per contract. There were 4650 open contracts at this strike prior to today, and today 5272 contract(s) were bought and sold.
• Regarding TWTR TWTR, we observe a put option sweep with bearish sentiment. It expires in 8 day(s) on July 29, 2022. Parties traded 77 contract(s) at a $42.50 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 $25.4K, with a price of $330.0 per contract. There were 2291 open contracts at this strike prior to today, and today 2109 contract(s) were bought and sold.
• Regarding GOOG GOOG, we observe a call option sweep with bearish sentiment. It expires in 29 day(s) on August 19, 2022. Parties traded 200 contract(s) at a $115.00 strike. This particular call needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $94.0K, with a price of $470.0 per contract. There were 10903 open contracts at this strike prior to today, and today 1185 contract(s) were bought and sold.
• For META META, we notice a put option trade that happens to be neutral, expiring in 330 day(s) on June 16, 2023. This event was a transfer of 86 contract(s) at a $145.00 strike. The total cost received by the writing party (or parties) was $130.2K, with a price of $1515.0 per contract. There were 1578 open contracts at this strike prior to today, and today 254 contract(s) were bought and sold.
• Regarding SNAP SNAP, we observe a put option trade with bearish sentiment. It expires in 120 day(s) on November 18, 2022. Parties traded 27 contract(s) at a $34.00 strike. The total cost received by the writing party (or parties) was $48.8K, with a price of $1810.0 per contract. There were 185 open contracts at this strike prior to today, and today 72 contract(s) were bought and sold.
• Regarding ROKU ROKU, we observe a call option trade with bullish sentiment. It expires in 57 day(s) on September 16, 2022. Parties traded 29 contract(s) at a $95.00 strike. The total cost received by the writing party (or parties) was $40.3K, with a price of $1392.0 per contract. There were 693 open contracts at this strike prior to today, and today 42 contract(s) were bought and sold.
• For SE SE, we notice a put option trade that happens to be bullish, expiring in 183 day(s) on January 20, 2023. This event was a transfer of 11 contract(s) at a $100.00 strike. The total cost received by the writing party (or parties) was $28.6K, with a price of $2600.0 per contract. There were 608 open contracts at this strike prior to today, and today 19 contract(s) were bought and sold.
• For DIS DIS, we notice a call option trade that happens to be bearish, expiring in 29 day(s) on August 19, 2022. This event was a transfer of 10 contract(s) at a $70.00 strike. The total cost received by the writing party (or parties) was $33.6K, with a price of $3360.0 per contract. There were 20 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 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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