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 itemized elaborations have been created using the accompanying table.

• For GSAT GSAT, we notice a call option trade that happens to be bearish, expiring in 141 day(s) on January 19, 2024. This event was a transfer of 9000 contract(s) at a $2.50 strike. The total cost received by the writing party (or parties) was $81.0K, with a price of $9.0 per contract. There were 2363 open contracts at this strike prior to today, and today 10196 contract(s) were bought and sold.

• Regarding NFLX NFLX, we observe a put option sweep with bullish sentiment. It expires in 1 day(s) on September 1, 2023. Parties traded 160 contract(s) at a $430.00 strike. This particular put needed to be split into 12 different trades to become filled. The total cost received by the writing party (or parties) was $27.8K, with a price of $175.0 per contract. There were 1444 open contracts at this strike prior to today, and today 5527 contract(s) were bought and sold.

• Regarding BIDU BIDU, we observe a put option trade with bearish sentiment. It expires in 15 day(s) on September 15, 2023. Parties traded 1500 contract(s) at a $135.00 strike. The total cost received by the writing party (or parties) was $208.5K, with a price of $139.0 per contract. There were 2198 open contracts at this strike prior to today, and today 3031 contract(s) were bought and sold.

• For GOOGL GOOGL, we notice a put option sweep that happens to be bearish, expiring in 78 day(s) on November 17, 2023. This event was a transfer of 55 contract(s) at a $135.00 strike. This particular put needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $30.5K, with a price of $555.0 per contract. There were 2186 open contracts at this strike prior to today, and today 1335 contract(s) were bought and sold.

• Regarding META META, we observe a put option trade with neutral sentiment. It expires in 50 day(s) on October 20, 2023. Parties traded 50 contract(s) at a $290.00 strike. The total cost received by the writing party (or parties) was $51.5K, with a price of $1030.0 per contract. There were 4561 open contracts at this strike prior to today, and today 1202 contract(s) were bought and sold.

• Regarding ROKU ROKU, we observe a call option sweep with bearish sentiment. It expires in 50 day(s) on October 20, 2023. Parties traded 97 contract(s) at a $90.00 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 $29.0K, with a price of $299.0 per contract. There were 1818 open contracts at this strike prior to today, and today 986 contract(s) were bought and sold.

• For TDS TDS, we notice a call option sweep that happens to be bullish, expiring in 169 day(s) on February 16, 2024. This event was a transfer of 489 contract(s) at a $22.50 strike. This particular call needed to be split into 18 different trades to become filled. The total cost received by the writing party (or parties) was $205.4K, with a price of $420.0 per contract. There were 96 open contracts at this strike prior to today, and today 490 contract(s) were bought and sold.

• Regarding GOOG GOOG, we observe a put option sweep with bearish sentiment. It expires in 29 day(s) on September 29, 2023. Parties traded 200 contract(s) at a $133.00 strike. This particular put needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $32.8K, with a price of $164.0 per contract. There were 197 open contracts at this strike prior to today, and today 292 contract(s) were bought and sold.

• Regarding TMUS TMUS, we observe a put option trade with bearish sentiment. It expires in 169 day(s) on February 16, 2024. Parties traded 84 contract(s) at a $135.00 strike. The total cost received by the writing party (or parties) was $50.4K, with a price of $600.0 per contract. There were 775 open contracts at this strike prior to today, and today 249 contract(s) were bought and sold.

• For EA EA, we notice a put option sweep that happens to be bearish, expiring in 295 day(s) on June 21, 2024. This event was a transfer of 150 contract(s) at a $110.00 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 $82.5K, with a price of $550.0 per contract. There were 252 open contracts at this strike prior to today, and today 155 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.