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 |
---|---|---|---|---|---|---|---|---|
ATVI | PUT | SWEEP | BEARISH | 01/19/24 | $85.00 | $44.1K | 244.1K | 12.8K |
GOOG | CALL | SWEEP | BULLISH | 04/21/23 | $105.00 | $38.1K | 53.0K | 6.5K |
SNAP | CALL | SWEEP | BULLISH | 04/06/23 | $11.00 | $28.4K | 6.5K | 3.3K |
META | CALL | SWEEP | BULLISH | 04/21/23 | $220.00 | $37.5K | 13.6K | 3.2K |
VZ | CALL | SWEEP | BEARISH | 05/19/23 | $38.00 | $145.9K | 2.8K | 1.0K |
NFLX | CALL | TRADE | NEUTRAL | 04/21/23 | $350.00 | $49.5K | 2.0K | 654 |
GOOGL | CALL | TRADE | NEUTRAL | 04/21/23 | $95.00 | $25.4K | 17.5K | 168 |
TTWO | CALL | SWEEP | BULLISH | 06/16/23 | $120.00 | $26.2K | 3.5K | 151 |
BIDU | PUT | SWEEP | BULLISH | 01/17/25 | $100.00 | $36.6K | 58 | 83 |
DIS | CALL | TRADE | BULLISH | 10/20/23 | $70.00 | $29.1K | 164 | 9 |
Explanation
These itemized elaborations have been created using the accompanying table.
• Regarding ATVI ATVI, we observe a put option sweep with bearish sentiment. It expires in 290 day(s) on January 19, 2024. Parties traded 73 contract(s) at a $85.00 strike. This particular put needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $44.1K, with a price of $605.0 per contract. There were 244131 open contracts at this strike prior to today, and today 12801 contract(s) were bought and sold.
• Regarding GOOG GOOG, we observe a call option sweep with bullish sentiment. It expires in 17 day(s) on April 21, 2023. Parties traded 134 contract(s) at a $105.00 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 $38.1K, with a price of $285.0 per contract. There were 53075 open contracts at this strike prior to today, and today 6503 contract(s) were bought and sold.
• Regarding SNAP SNAP, we observe a call option sweep with bullish sentiment. It expires in 2 day(s) on April 6, 2023. Parties traded 1239 contract(s) at a $11.00 strike. This particular call needed to be split into 12 different trades to become filled. The total cost received by the writing party (or parties) was $28.4K, with a price of $23.0 per contract. There were 6531 open contracts at this strike prior to today, and today 3335 contract(s) were bought and sold.
• Regarding META META, we observe a call option sweep with bullish sentiment. It expires in 17 day(s) on April 21, 2023. Parties traded 100 contract(s) at a $220.00 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 $37.5K, with a price of $375.0 per contract. There were 13632 open contracts at this strike prior to today, and today 3221 contract(s) were bought and sold.
• For VZ VZ, we notice a call option sweep that happens to be bearish, expiring in 45 day(s) on May 19, 2023. This event was a transfer of 789 contract(s) at a $38.00 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 $145.9K, with a price of $185.0 per contract. There were 2886 open contracts at this strike prior to today, and today 1033 contract(s) were bought and sold.
• For NFLX NFLX, we notice a call option trade that happens to be neutral, expiring in 17 day(s) on April 21, 2023. This event was a transfer of 30 contract(s) at a $350.00 strike. The total cost received by the writing party (or parties) was $49.5K, with a price of $1653.0 per contract. There were 2030 open contracts at this strike prior to today, and today 654 contract(s) were bought and sold.
• Regarding GOOGL GOOGL, we observe a call option trade with neutral sentiment. It expires in 17 day(s) on April 21, 2023. Parties traded 25 contract(s) at a $95.00 strike. The total cost received by the writing party (or parties) was $25.4K, with a price of $1020.0 per contract. There were 17593 open contracts at this strike prior to today, and today 168 contract(s) were bought and sold.
• For TTWO TTWO, we notice a call option sweep that happens to be bullish, expiring in 73 day(s) on June 16, 2023. This event was a transfer of 30 contract(s) at a $120.00 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 $26.2K, with a price of $875.0 per contract. There were 3512 open contracts at this strike prior to today, and today 151 contract(s) were bought and sold.
• For BIDU BIDU, we notice a put option sweep that happens to be bullish, expiring in 654 day(s) on January 17, 2025. This event was a transfer of 32 contract(s) at a $100.00 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 $36.6K, with a price of $1145.0 per contract. There were 58 open contracts at this strike prior to today, and today 83 contract(s) were bought and sold.
• Regarding DIS DIS, we observe a call option trade with bullish sentiment. It expires in 199 day(s) on October 20, 2023. Parties traded 9 contract(s) at a $70.00 strike. The total cost received by the writing party (or parties) was $29.1K, with a price of $3240.0 per contract. There were 164 open contracts at this strike prior to today, and today 9 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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