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 |
---|---|---|---|---|---|---|---|---|
SIRI | PUT | SWEEP | BULLISH | 11/17/23 | $4.50 | $68.9K | 35.1K | 28.9K |
GOOGL | CALL | TRADE | BEARISH | 11/10/23 | $127.00 | $131.5K | 27.1K | 23.6K |
META | CALL | TRADE | NEUTRAL | 11/10/23 | $315.00 | $34.0K | 2.5K | 5.0K |
WBD | CALL | TRADE | BEARISH | 11/10/23 | $10.50 | $27.2K | 2.3K | 1.4K |
RBLX | CALL | SWEEP | BEARISH | 11/17/23 | $35.00 | $39.4K | 9.9K | 961 |
SNAP | PUT | SWEEP | BEARISH | 04/19/24 | $10.00 | $46.7K | 1.7K | 879 |
DIS | CALL | SWEEP | BULLISH | 11/03/23 | $81.00 | $47.4K | 3.5K | 303 |
AMC | CALL | TRADE | BEARISH | 03/15/24 | $8.00 | $34.0K | 1.0K | 302 |
TTD | PUT | SWEEP | BULLISH | 01/19/24 | $80.00 | $52.5K | 2.4K | 268 |
PARA | PUT | SWEEP | NEUTRAL | 06/21/24 | $22.50 | $89.1K | 347 | 150 |
Explanation
These itemized elaborations have been created using the accompanying table.
• For SIRI SIRI, we notice a put option sweep that happens to be bullish, expiring in 14 day(s) on November 17, 2023. This event was a transfer of 3135 contract(s) at a $4.50 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 $68.9K, with a price of $25.0 per contract. There were 35137 open contracts at this strike prior to today, and today 28985 contract(s) were bought and sold.
• Regarding GOOGL GOOGL, we observe a call option trade with bearish sentiment. It expires in 7 day(s) on November 10, 2023. Parties traded 500 contract(s) at a $127.00 strike. The total cost received by the writing party (or parties) was $131.5K, with a price of $263.0 per contract. There were 27165 open contracts at this strike prior to today, and today 23641 contract(s) were bought and sold.
• For META META, we notice a call option trade that happens to be neutral, expiring in 7 day(s) on November 10, 2023. This event was a transfer of 80 contract(s) at a $315.00 strike. The total cost received by the writing party (or parties) was $34.0K, with a price of $425.0 per contract. There were 2542 open contracts at this strike prior to today, and today 5008 contract(s) were bought and sold.
• For WBD WBD, we notice a call option trade that happens to be bearish, expiring in 7 day(s) on November 10, 2023. This event was a transfer of 200 contract(s) at a $10.50 strike. The total cost received by the writing party (or parties) was $27.2K, with a price of $136.0 per contract. There were 2307 open contracts at this strike prior to today, and today 1464 contract(s) were bought and sold.
• Regarding RBLX RBLX, we observe a call option sweep with bearish sentiment. It expires in 14 day(s) on November 17, 2023. Parties traded 137 contract(s) at a $35.00 strike. This particular call needed to be split into 15 different trades to become filled. The total cost received by the writing party (or parties) was $39.4K, with a price of $288.0 per contract. There were 9987 open contracts at this strike prior to today, and today 961 contract(s) were bought and sold.
• For SNAP SNAP, we notice a put option sweep that happens to be bearish, expiring in 168 day(s) on April 19, 2024. This event was a transfer of 433 contract(s) at a $10.00 strike. This particular put needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $46.7K, with a price of $108.0 per contract. There were 1721 open contracts at this strike prior to today, and today 879 contract(s) were bought and sold.
• For DIS DIS, we notice a call option sweep that happens to be bullish, is expiring today. Parties traded 100 contract(s) at a $81.00 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 $47.4K, with a price of $475.0 per contract. There were 3558 open contracts at this strike prior to today, and today 303 contract(s) were bought and sold.
• Regarding AMC AMC, we observe a call option trade with bearish sentiment. It expires in 133 day(s) on March 15, 2024. Parties traded 82 contract(s) at a $8.00 strike. The total cost received by the writing party (or parties) was $34.0K, with a price of $415.0 per contract. There were 1014 open contracts at this strike prior to today, and today 302 contract(s) were bought and sold.
• Regarding TTD TTD, we observe a put option sweep with bullish sentiment. It expires in 77 day(s) on January 19, 2024. Parties traded 70 contract(s) at a $80.00 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 $52.5K, with a price of $751.0 per contract. There were 2431 open contracts at this strike prior to today, and today 268 contract(s) were bought and sold.
• Regarding PARA PARA, we observe a put option sweep with neutral sentiment. It expires in 231 day(s) on June 21, 2024. Parties traded 99 contract(s) at a $22.50 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 $89.1K, with a price of $902.0 per contract. There were 347 open contracts at this strike prior to today, and today 150 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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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