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 | SWEEP | BULLISH | 02/17/23 | $180.00 | $30.0K | 13.2K | 17.1K |
AMC | PUT | TRADE | BULLISH | 03/17/23 | $10.00 | $74.0K | 126.4K | 14.3K |
GOOGL | CALL | SWEEP | BEARISH | 03/17/23 | $94.00 | $39.5K | 3.8K | 1.7K |
BMBL | PUT | SWEEP | BULLISH | 02/17/23 | $25.00 | $161.5K | 5.1K | 1.7K |
WBD | CALL | SWEEP | BEARISH | 02/24/23 | $15.00 | $37.0K | 2.6K | 865 |
CARG | CALL | SWEEP | NEUTRAL | 05/19/23 | $14.00 | $162.4K | 2 | 406 |
CMCSA | CALL | SWEEP | BULLISH | 06/16/23 | $40.00 | $30.8K | 16.6K | 343 |
NFLX | PUT | SWEEP | NEUTRAL | 03/17/23 | $315.00 | $47.1K | 1.1K | 342 |
DIS | PUT | SWEEP | BULLISH | 04/21/23 | $105.00 | $27.6K | 10.6K | 229 |
TMUS | CALL | SWEEP | BULLISH | 02/17/23 | $146.00 | $28.8K | 242 | 213 |
Explanation
These bullet-by-bullet explanations have been constructed using the accompanying table.
• Regarding META META, we observe a call option sweep with bullish sentiment. It expires in 4 day(s) on February 17, 2023. Parties traded 76 contract(s) at a $180.00 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 $30.0K, with a price of $395.0 per contract. There were 13236 open contracts at this strike prior to today, and today 17108 contract(s) were bought and sold.
• Regarding AMC AMC, we observe a put option trade with bullish sentiment. It expires in 32 day(s) on March 17, 2023. Parties traded 100 contract(s) at a $10.00 strike. The total cost received by the writing party (or parties) was $74.0K, with a price of $740.0 per contract. There were 126465 open contracts at this strike prior to today, and today 14343 contract(s) were bought and sold.
• Regarding GOOGL GOOGL, we observe a call option sweep with bearish sentiment. It expires in 32 day(s) on March 17, 2023. Parties traded 87 contract(s) at a $94.00 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 $39.5K, with a price of $455.0 per contract. There were 3859 open contracts at this strike prior to today, and today 1716 contract(s) were bought and sold.
• For BMBL BMBL, we notice a put option sweep that happens to be bullish, expiring in 4 day(s) on February 17, 2023. This event was a transfer of 1537 contract(s) at a $25.00 strike. This particular put needed to be split into 53 different trades to become filled. The total cost received by the writing party (or parties) was $161.5K, with a price of $105.0 per contract. There were 5110 open contracts at this strike prior to today, and today 1704 contract(s) were bought and sold.
• For WBD WBD, we notice a call option sweep that happens to be bearish, expiring in 11 day(s) on February 24, 2023. This event was a transfer of 500 contract(s) at a $15.00 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $37.0K, with a price of $74.0 per contract. There were 2636 open contracts at this strike prior to today, and today 865 contract(s) were bought and sold.
• Regarding CARG CARG, we observe a call option sweep with neutral sentiment. It expires in 95 day(s) on May 19, 2023. Parties traded 406 contract(s) at a $14.00 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 $162.4K, with a price of $400.0 per contract. There were 2 open contracts at this strike prior to today, and today 406 contract(s) were bought and sold.
• For CMCSA CMCSA, we notice a call option sweep that happens to be bullish, expiring in 123 day(s) on June 16, 2023. This event was a transfer of 147 contract(s) at a $40.00 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 $30.8K, with a price of $210.0 per contract. There were 16682 open contracts at this strike prior to today, and today 343 contract(s) were bought and sold.
• For NFLX NFLX, we notice a put option sweep that happens to be neutral, expiring in 32 day(s) on March 17, 2023. This event was a transfer of 106 contract(s) at a $315.00 strike. This particular put needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $47.1K, with a price of $445.0 per contract. There were 1193 open contracts at this strike prior to today, and today 342 contract(s) were bought and sold.
• For DIS DIS, we notice a put option sweep that happens to be bullish, expiring in 67 day(s) on April 21, 2023. This event was a transfer of 71 contract(s) at a $105.00 strike. This particular put needed to be split into 10 different trades to become filled. The total cost received by the writing party (or parties) was $27.6K, with a price of $390.0 per contract. There were 10656 open contracts at this strike prior to today, and today 229 contract(s) were bought and sold.
• Regarding TMUS TMUS, we observe a call option sweep with bullish sentiment. It expires in 4 day(s) on February 17, 2023. Parties traded 174 contract(s) at a $146.00 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 $28.8K, with a price of $166.0 per contract. There were 242 open contracts at this strike prior to today, and today 213 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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