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 |
---|---|---|---|---|---|---|---|---|
LBTYA | CALL | SWEEP | BULLISH | 01/19/24 | $20.00 | $28.4K | 889 | 15.4K |
GOOG | CALL | SWEEP | BEARISH | 06/30/23 | $118.00 | $47.5K | 1.1K | 4.7K |
DIS | CALL | SWEEP | BEARISH | 07/21/23 | $90.00 | $43.2K | 11.5K | 3.7K |
ATVI | CALL | TRADE | NEUTRAL | 07/21/23 | $87.50 | $150.6K | 26.2K | 2.5K |
SIRI | CALL | SWEEP | BULLISH | 07/21/23 | $5.00 | $33.8K | 43.3K | 2.1K |
META | CALL | SWEEP | BULLISH | 08/18/23 | $285.00 | $203.5K | 8.5K | 628 |
MTCH | PUT | SWEEP | BULLISH | 08/18/23 | $37.50 | $33.1K | 6 | 301 |
BP | PUT | SWEEP | BEARISH | 07/21/23 | $37.00 | $44.7K | 2.9K | 195 |
PINS | CALL | SWEEP | BEARISH | 08/18/23 | $23.00 | $48.3K | 1.8K | 138 |
TTD | PUT | SWEEP | BEARISH | 10/20/23 | $70.00 | $39.6K | 1.0K | 91 |
Explanation
These itemized elaborations have been created using the accompanying table.
• Regarding LBTYA LBTYA, we observe a call option sweep with bullish sentiment. It expires in 206 day(s) on January 19, 2024. Parties traded 356 contract(s) at a $20.00 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 $28.4K, with a price of $80.0 per contract. There were 889 open contracts at this strike prior to today, and today 15430 contract(s) were bought and sold.
• For GOOG GOOG, we notice a call option sweep that happens to be bearish, expiring in 3 day(s) on June 30, 2023. This event was a transfer of 250 contract(s) at a $118.00 strike. This particular call needed to be split into 23 different trades to become filled. The total cost received by the writing party (or parties) was $47.5K, with a price of $190.0 per contract. There were 1193 open contracts at this strike prior to today, and today 4725 contract(s) were bought and sold.
• For DIS DIS, we notice a call option sweep that happens to be bearish, expiring in 24 day(s) on July 21, 2023. This event was a transfer of 234 contract(s) at a $90.00 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 $43.2K, with a price of $185.0 per contract. There were 11515 open contracts at this strike prior to today, and today 3727 contract(s) were bought and sold.
• Regarding ATVI ATVI, we observe a call option trade with neutral sentiment. It expires in 24 day(s) on July 21, 2023. Parties traded 625 contract(s) at a $87.50 strike. The total cost received by the writing party (or parties) was $150.6K, with a price of $241.0 per contract. There were 26209 open contracts at this strike prior to today, and today 2566 contract(s) were bought and sold.
• Regarding SIRI SIRI, we observe a call option sweep with bullish sentiment. It expires in 24 day(s) on July 21, 2023. Parties traded 4178 contract(s) at a $5.00 strike. This particular call needed to be split into 29 different trades to become filled. The total cost received by the writing party (or parties) was $33.8K, with a price of $8.0 per contract. There were 43386 open contracts at this strike prior to today, and today 2147 contract(s) were bought and sold.
• For META META, we notice a call option sweep that happens to be bullish, expiring in 52 day(s) on August 18, 2023. This event was a transfer of 100 contract(s) at a $285.00 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 $203.5K, with a price of $2037.0 per contract. There were 8519 open contracts at this strike prior to today, and today 628 contract(s) were bought and sold.
• For MTCH MTCH, we notice a put option sweep that happens to be bullish, expiring in 52 day(s) on August 18, 2023. This event was a transfer of 301 contract(s) at a $37.50 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 $33.1K, with a price of $110.0 per contract. There were 6 open contracts at this strike prior to today, and today 301 contract(s) were bought and sold.
• For BP BP, we notice a put option sweep that happens to be bearish, expiring in 24 day(s) on July 21, 2023. This event was a transfer of 193 contract(s) at a $37.00 strike. This particular put needed to be split into 8 different trades to become filled. The total cost received by the writing party (or parties) was $44.7K, with a price of $232.0 per contract. There were 2958 open contracts at this strike prior to today, and today 195 contract(s) were bought and sold.
• Regarding PINS PINS, we observe a call option sweep with bearish sentiment. It expires in 52 day(s) on August 18, 2023. Parties traded 115 contract(s) at a $23.00 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 $48.3K, with a price of $420.0 per contract. There were 1831 open contracts at this strike prior to today, and today 138 contract(s) were bought and sold.
• For TTD TTD, we notice a put option sweep that happens to be bearish, expiring in 115 day(s) on October 20, 2023. This event was a transfer of 90 contract(s) at a $70.00 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 $39.6K, with a price of $440.0 per contract. There were 1081 open contracts at this strike prior to today, and today 91 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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