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 | PUT | TRADE | BEARISH | 01/06/23 | $122.00 | $34.6K | 555 | 9.5K |
| NFLX | PUT | TRADE | BEARISH | 01/06/23 | $285.00 | $80.2K | 3.3K | 5.9K |
| AMC | CALL | TRADE | BEARISH | 02/17/23 | $4.00 | $49.0K | 4.2K | 2.5K |
| TMUS | PUT | SWEEP | BEARISH | 01/06/23 | $134.00 | $62.1K | 16 | 792 |
| PARA | CALL | SWEEP | BEARISH | 01/20/23 | $17.00 | $35.4K | 525 | 471 |
| BIDU | CALL | TRADE | BULLISH | 03/17/23 | $130.00 | $118.5K | 654 | 210 |
| DIS | CALL | SWEEP | BULLISH | 01/17/25 | $90.00 | $203.3K | 1.2K | 146 |
| SE | PUT | SWEEP | BULLISH | 01/19/24 | $50.00 | $73.3K | 1.9K | 59 |
| GOOGL | PUT | TRADE | BULLISH | 01/19/24 | $90.00 | $34.0K | 8.1K | 55 |
Explanation
These itemized elaborations have been created using the accompanying table.
• Regarding META META, we observe a put option trade with bearish sentiment. It expires in 3 day(s) on January 6, 2023. Parties traded 210 contract(s) at a $122.00 strike. The total cost received by the writing party (or parties) was $34.6K, with a price of $165.0 per contract. There were 555 open contracts at this strike prior to today, and today 9593 contract(s) were bought and sold.
• For NFLX NFLX, we notice a put option trade that happens to be bearish, expiring in 3 day(s) on January 6, 2023. This event was a transfer of 317 contract(s) at a $285.00 strike. The total cost received by the writing party (or parties) was $80.2K, with a price of $253.0 per contract. There were 3311 open contracts at this strike prior to today, and today 5920 contract(s) were bought and sold.
• For AMC AMC, we notice a call option trade that happens to be bearish, expiring in 45 day(s) on February 17, 2023. This event was a transfer of 1000 contract(s) at a $4.00 strike. The total cost received by the writing party (or parties) was $49.0K, with a price of $49.0 per contract. There were 4239 open contracts at this strike prior to today, and today 2564 contract(s) were bought and sold.
• Regarding TMUS TMUS, we observe a put option sweep with bearish sentiment. It expires in 3 day(s) on January 6, 2023. Parties traded 690 contract(s) at a $134.00 strike. This particular put needed to be split into 51 different trades to become filled. The total cost received by the writing party (or parties) was $62.1K, with a price of $90.0 per contract. There were 16 open contracts at this strike prior to today, and today 792 contract(s) were bought and sold.
• For PARA PARA, we notice a call option sweep that happens to be bearish, expiring in 17 day(s) on January 20, 2023. This event was a transfer of 450 contract(s) at a $17.00 strike. This particular call needed to be split into 25 different trades to become filled. The total cost received by the writing party (or parties) was $35.4K, with a price of $78.0 per contract. There were 525 open contracts at this strike prior to today, and today 471 contract(s) were bought and sold.
• Regarding BIDU BIDU, we observe a call option trade with bullish sentiment. It expires in 73 day(s) on March 17, 2023. Parties traded 158 contract(s) at a $130.00 strike. The total cost received by the writing party (or parties) was $118.5K, with a price of $750.0 per contract. There were 654 open contracts at this strike prior to today, and today 210 contract(s) were bought and sold.
• Regarding DIS DIS, we observe a call option sweep with bullish sentiment. It expires in 745 day(s) on January 17, 2025. Parties traded 100 contract(s) at a $90.00 strike. This particular call needed to be split into 8 different trades to become filled. The total cost received by the writing party (or parties) was $203.3K, with a price of $2031.0 per contract. There were 1289 open contracts at this strike prior to today, and today 146 contract(s) were bought and sold.
• Regarding SE SE, we observe a put option sweep with bullish sentiment. It expires in 381 day(s) on January 19, 2024. Parties traded 58 contract(s) at a $50.00 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 $73.3K, with a price of $1265.0 per contract. There were 1907 open contracts at this strike prior to today, and today 59 contract(s) were bought and sold.
• Regarding GOOGL GOOGL, we observe a put option trade with bullish sentiment. It expires in 381 day(s) on January 19, 2024. Parties traded 30 contract(s) at a $90.00 strike. The total cost received by the writing party (or parties) was $34.0K, with a price of $1135.0 per contract. There were 8151 open contracts at this strike prior to today, and today 55 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.
Comments
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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