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.

• For GOOGL GOOGL, we notice a call option trade that happens to be neutral, expiring in 57 day(s) on October 20, 2023. This event was a transfer of 150 contract(s) at a $140.00 strike. The total cost received by the writing party (or parties) was $38.2K, with a price of $255.0 per contract. There were 17514 open contracts at this strike prior to today, and today 5970 contract(s) were bought and sold.

• For WBD WBD, we notice a put option sweep that happens to be bullish, expiring in 57 day(s) on October 20, 2023. This event was a transfer of 576 contract(s) at a $12.50 strike. This particular put needed to be split into 21 different trades to become filled. The total cost received by the writing party (or parties) was $46.1K, with a price of $80.0 per contract. There were 17622 open contracts at this strike prior to today, and today 2977 contract(s) were bought and sold.

• Regarding DIS DIS, we observe a call option sweep with bullish sentiment. It expires in 57 day(s) on October 20, 2023. Parties traded 105 contract(s) at a $85.00 strike. This particular call needed to be split into 14 different trades to become filled. The total cost received by the writing party (or parties) was $30.8K, with a price of $294.0 per contract. There were 11233 open contracts at this strike prior to today, and today 1810 contract(s) were bought and sold.

• For GOOG GOOG, we notice a call option sweep that happens to be bearish, expiring in 85 day(s) on November 17, 2023. This event was a transfer of 95 contract(s) at a $135.00 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 $64.6K, with a price of $680.0 per contract. There were 5922 open contracts at this strike prior to today, and today 1144 contract(s) were bought and sold.

• Regarding IQ IQ, we observe a put option sweep with bearish sentiment. It expires in 148 day(s) on January 19, 2024. Parties traded 800 contract(s) at a $5.50 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 $88.0K, with a price of $110.0 per contract. There were 9433 open contracts at this strike prior to today, and today 800 contract(s) were bought and sold.

• For META META, we notice a put option sweep that happens to be bullish, expiring in 148 day(s) on January 19, 2024. This event was a transfer of 200 contract(s) at a $180.00 strike. This particular put needed to be split into 14 different trades to become filled. The total cost received by the writing party (or parties) was $31.4K, with a price of $157.0 per contract. There were 8757 open contracts at this strike prior to today, and today 505 contract(s) were bought and sold.

• For BP BP, we notice a call option sweep that happens to be bullish, expiring in 148 day(s) on January 19, 2024. This event was a transfer of 171 contract(s) at a $29.00 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 $129.9K, with a price of $760.0 per contract. There were 15 open contracts at this strike prior to today, and today 439 contract(s) were bought and sold.

• For CMCSA CMCSA, we notice a call option trade that happens to be bullish, expiring in 302 day(s) on June 21, 2024. This event was a transfer of 141 contract(s) at a $50.00 strike. The total cost received by the writing party (or parties) was $35.2K, with a price of $250.0 per contract. There were 5656 open contracts at this strike prior to today, and today 317 contract(s) were bought and sold.

• For SE SE, we notice a put option trade that happens to be neutral, expiring in 85 day(s) on November 17, 2023. This event was a transfer of 46 contract(s) at a $40.00 strike. The total cost received by the writing party (or parties) was $31.7K, with a price of $690.0 per contract. There were 2928 open contracts at this strike prior to today, and today 107 contract(s) were bought and sold.

• For T T, we notice a put option trade that happens to be bullish, expiring in 148 day(s) on January 19, 2024. This event was a transfer of 4000 contract(s) at a $13.00 strike. The total cost received by the writing party (or parties) was $196.0K, with a price of $49.0 per contract. There were 28337 open contracts at this strike prior to today, and today 2 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.