10 Communication Services Stocks Whale Activity 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 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:

Explanation

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

• Regarding ATVI ATVI, we observe a put option trade with bearish sentiment. It expires in 38 day(s) on July 21, 2023. Parties traded 4935 contract(s) at a $70.00 strike. The total cost received by the writing party (or parties) was $192.4K, with a price of $39.0 per contract. There were 31785 open contracts at this strike prior to today, and today 5042 contract(s) were bought and sold.

• For MANU MANU, we notice a call option sweep that happens to be bearish, expiring in 3 day(s) on June 16, 2023. This event was a transfer of 354 contract(s) at a $25.00 strike. This particular call needed to be split into 183 different trades to become filled. The total cost received by the writing party (or parties) was $27.9K, with a price of $78.0 per contract. There were 22245 open contracts at this strike prior to today, and today 3155 contract(s) were bought and sold.

• Regarding GOOGL GOOGL, we observe a call option sweep with bullish sentiment. It expires in 3 day(s) on June 16, 2023. Parties traded 156 contract(s) at a $123.00 strike. This particular call needed to be split into 11 different trades to become filled. The total cost received by the writing party (or parties) was $31.2K, with a price of $200.0 per contract. There were 3928 open contracts at this strike prior to today, and today 2548 contract(s) were bought and sold.

• For NFLX NFLX, we notice a call option sweep that happens to be bearish, expiring in 17 day(s) on June 30, 2023. This event was a transfer of 40 contract(s) at a $440.00 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 $44.8K, with a price of $1120.0 per contract. There were 1134 open contracts at this strike prior to today, and today 933 contract(s) were bought and sold.

• For MTCH MTCH, we notice a put option sweep that happens to be bearish, expiring in 220 day(s) on January 19, 2024. This event was a transfer of 200 contract(s) at a $35.00 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 $46.5K, with a price of $234.0 per contract. There were 522 open contracts at this strike prior to today, and today 601 contract(s) were bought and sold.

• Regarding SE SE, we observe a put option trade with bullish sentiment. It expires in 220 day(s) on January 19, 2024. Parties traded 50 contract(s) at a $65.00 strike. The total cost received by the writing party (or parties) was $48.2K, with a price of $965.0 per contract. There were 2880 open contracts at this strike prior to today, and today 485 contract(s) were bought and sold.

• For TMUS TMUS, we notice a put option trade that happens to be bullish, expiring in 220 day(s) on January 19, 2024. This event was a transfer of 47 contract(s) at a $130.00 strike. The total cost received by the writing party (or parties) was $38.3K, with a price of $815.0 per contract. There were 8685 open contracts at this strike prior to today, and today 350 contract(s) were bought and sold.

• Regarding DIS DIS, we observe a call option trade with bearish sentiment. It expires in 374 day(s) on June 21, 2024. Parties traded 20 contract(s) at a $55.00 strike. The total cost received by the writing party (or parties) was $85.8K, with a price of $4290.0 per contract. There were 974 open contracts at this strike prior to today, and today 126 contract(s) were bought and sold.

• Regarding TTD TTD, we observe a call option sweep with bearish sentiment. It expires in 220 day(s) on January 19, 2024. Parties traded 20 contract(s) at a $60.00 strike. This particular call needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $46.1K, with a price of $2305.0 per contract. There were 1384 open contracts at this strike prior to today, and today 50 contract(s) were bought and sold.

• Regarding CHTR CHTR, we observe a put option trade with bullish sentiment. It expires in 38 day(s) on July 21, 2023. Parties traded 21 contract(s) at a $350.00 strike. The total cost received by the writing party (or parties) was $42.0K, with a price of $2000.0 per contract. There were 11 open contracts at this strike prior to today, and today 28 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.