10 Communication Services Stocks With Whale Alerts In Today's Session

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:

Explanation

These bullet-by-bullet explanations have been constructed using the accompanying table.

• Regarding GOOG GOOG, we observe a call option trade with bearish sentiment. It expires in 2 day(s) on June 2, 2023. Parties traded 310 contract(s) at a $124.00 strike. The total cost received by the writing party (or parties) was $44.3K, with a price of $143.0 per contract. There were 2710 open contracts at this strike prior to today, and today 5391 contract(s) were bought and sold.

• Regarding NFLX NFLX, we observe a put option trade with bearish sentiment. It expires in 2 day(s) on June 2, 2023. Parties traded 140 contract(s) at a $390.00 strike. The total cost received by the writing party (or parties) was $67.9K, with a price of $485.0 per contract. There were 939 open contracts at this strike prior to today, and today 3992 contract(s) were bought and sold.

• Regarding VZ VZ, we observe a put option sweep with bearish sentiment. It expires in 2 day(s) on June 2, 2023. Parties traded 1974 contract(s) at a $35.50 strike. This particular put needed to be split into 32 different trades to become filled. The total cost received by the writing party (or parties) was $37.7K, with a price of $19.0 per contract. There were 735 open contracts at this strike prior to today, and today 2907 contract(s) were bought and sold.

• Regarding BP BP, we observe a call option trade with bearish sentiment. It expires in 79 day(s) on August 18, 2023. Parties traded 181 contract(s) at a $34.00 strike. The total cost received by the writing party (or parties) was $32.5K, with a price of $180.0 per contract. There were 176 open contracts at this strike prior to today, and today 504 contract(s) were bought and sold.

• For SNAP SNAP, we notice a put option sweep that happens to be bullish, expiring in 387 day(s) on June 21, 2024. This event was a transfer of 176 contract(s) at a $15.00 strike. This particular put needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was $101.2K, with a price of $575.0 per contract. There were 41 open contracts at this strike prior to today, and today 314 contract(s) were bought and sold.

• Regarding RBLX RBLX, we observe a call option sweep with bearish sentiment. It expires in 37 day(s) on July 7, 2023. Parties traded 210 contract(s) at a $45.00 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 $25.2K, with a price of $120.0 per contract. There were 6 open contracts at this strike prior to today, and today 240 contract(s) were bought and sold.

• Regarding META META, we observe a call option sweep with bullish sentiment. It expires in 79 day(s) on August 18, 2023. Parties traded 17 contract(s) at a $270.00 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 $30.6K, with a price of $1800.0 per contract. There were 9029 open contracts at this strike prior to today, and today 207 contract(s) were bought and sold.

• Regarding DIS DIS, we observe a call option trade with bearish sentiment. It expires in 597 day(s) on January 17, 2025. Parties traded 25 contract(s) at a $100.00 strike. The total cost received by the writing party (or parties) was $28.5K, with a price of $1140.0 per contract. There were 4488 open contracts at this strike prior to today, and today 137 contract(s) were bought and sold.

• For PARA PARA, we notice a call option sweep that happens to be bullish, expiring in 51 day(s) on July 21, 2023. This event was a transfer of 250 contract(s) at a $15.00 strike. This particular call needed to be split into 13 different trades to become filled. The total cost received by the writing party (or parties) was $36.5K, with a price of $146.0 per contract. There were 2381 open contracts at this strike prior to today, and today 133 contract(s) were bought and sold.

• For WWE WWE, we notice a call option sweep that happens to be bullish, expiring in 16 day(s) on June 16, 2023. This event was a transfer of 100 contract(s) at a $100.00 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 $37.1K, with a price of $365.0 per contract. There were 210 open contracts at this strike prior to today, and today 100 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.