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 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.

• For AMC AMC, we notice a put option sweep that happens to be bearish, expiring in 32 day(s) on July 28, 2023. This event was a transfer of 357 contract(s) at a $4.00 strike. This particular put needed to be split into 24 different trades to become filled. The total cost received by the writing party (or parties) was $45.7K, with a price of $128.0 per contract. There were 4119 open contracts at this strike prior to today, and today 13643 contract(s) were bought and sold.

• Regarding ATVI ATVI, we observe a call option sweep with bullish sentiment. It expires in 25 day(s) on July 21, 2023. Parties traded 413 contract(s) at a $87.50 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 $94.1K, with a price of $228.0 per contract. There were 23141 open contracts at this strike prior to today, and today 8085 contract(s) were bought and sold.

• Regarding NFLX NFLX, we observe a call option sweep with bearish sentiment. It expires in 4 day(s) on June 30, 2023. Parties traded 100 contract(s) at a $430.00 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 $27.0K, with a price of $270.0 per contract. There were 2817 open contracts at this strike prior to today, and today 6227 contract(s) were bought and sold.

• For GOOGL GOOGL, we notice a call option sweep that happens to be bullish, expiring in 4 day(s) on June 30, 2023. This event was a transfer of 421 contract(s) at a $121.00 strike. This particular call needed to be split into 250 different trades to become filled. The total cost received by the writing party (or parties) was $28.9K, with a price of $68.0 per contract. There were 1777 open contracts at this strike prior to today, and today 4439 contract(s) were bought and sold.

• Regarding META META, we observe a call option sweep with neutral sentiment. It expires in 4 day(s) on June 30, 2023. Parties traded 86 contract(s) at a $280.00 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 $38.5K, with a price of $445.0 per contract. There were 3625 open contracts at this strike prior to today, and today 4207 contract(s) were bought and sold.

• Regarding DIS DIS, we observe a put option sweep with bearish sentiment. It expires in 81 day(s) on September 15, 2023. Parties traded 303 contract(s) at a $85.00 strike. This particular put needed to be split into 20 different trades to become filled. The total cost received by the writing party (or parties) was $79.0K, with a price of $261.0 per contract. There were 16086 open contracts at this strike prior to today, and today 3605 contract(s) were bought and sold.

• For WBD WBD, we notice a call option trade that happens to be neutral, expiring in 571 day(s) on January 17, 2025. This event was a transfer of 250 contract(s) at a $10.00 strike. The total cost received by the writing party (or parties) was $105.0K, with a price of $420.0 per contract. There were 9378 open contracts at this strike prior to today, and today 265 contract(s) were bought and sold.

• For ZI ZI, we notice a call option sweep that happens to be bullish, expiring in 25 day(s) on July 21, 2023. This event was a transfer of 106 contract(s) at a $22.50 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 $28.6K, with a price of $270.0 per contract. There were 1552 open contracts at this strike prior to today, and today 164 contract(s) were bought and sold.

• Regarding ROKU ROKU, we observe a put option sweep with neutral sentiment. It expires in 4 day(s) on June 30, 2023. Parties traded 60 contract(s) at a $69.00 strike. This particular put needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $36.7K, with a price of $614.0 per contract. There were 291 open contracts at this strike prior to today, and today 115 contract(s) were bought and sold.

• For BIDU BIDU, we notice a put option sweep that happens to be bearish, expiring in 25 day(s) on July 21, 2023. This event was a transfer of 147 contract(s) at a $135.00 strike. This particular put needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $53.6K, with a price of $365.0 per contract. There were 944 open contracts at this strike prior to today, and today 10 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.