This unusual options alert can help traders track potentially big trading opportunities. Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Unusual trading activity could push option prices to hyperbolic or underperforming levels.
Here's the list of some unusual options activity happening in today's session:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| AMC | CALL | SWEEP | NEUTRAL | 06/11/21 | $60.00 | $114.9K | 29.1K | 35.2K |
| SIRI | CALL | TRADE | BULLISH | 06/18/21 | $8.00 | $294.6K | 23.2K | 20.3K |
| T | PUT | SWEEP | BULLISH | 01/21/22 | $28.00 | $55.3K | 61.9K | 5.2K |
| TWTR | CALL | TRADE | BEARISH | 07/16/21 | $80.00 | $65.0K | 17.9K | 5.0K |
| SNAP | CALL | SWEEP | BULLISH | 07/16/21 | $60.00 | $69.0K | 14.8K | 1.1K |
| LYV | CALL | SWEEP | BEARISH | 06/18/21 | $90.00 | $28.4K | 1.6K | 689 |
| WB | PUT | TRADE | BULLISH | 01/20/23 | $30.00 | $77.8K | 33 | 380 |
| DISCA | PUT | TRADE | BEARISH | 07/16/21 | $32.50 | $79.5K | 2.3K | 379 |
| IQ | PUT | TRADE | NEUTRAL | 01/21/22 | $12.50 | $44.5K | 29.4K | 250 |
Explanation
These bullet-by-bullet explanations have been constructed using the accompanying table.
• For AMC AMC, we notice a call option sweep that happens to be neutral, expiring in 3 day(s) on June 11, 2021. This event was a transfer of 200 contract(s) at a $60.00 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 $114.9K, with a price of $574.0 per contract. There were 29141 open contracts at this strike prior to today, and today 35213 contract(s) were bought and sold.
• For SIRI SIRI, we notice a call option trade that happens to be bullish, expiring in 10 day(s) on June 18, 2021. This event was a transfer of 19641 contract(s) at a $8.00 strike. The total cost received by the writing party (or parties) was $294.6K, with a price of $15.0 per contract. There were 23298 open contracts at this strike prior to today, and today 20348 contract(s) were bought and sold.
• For T T, we notice a put option sweep that happens to be bullish, expiring in 227 day(s) on January 21, 2022. This event was a transfer of 270 contract(s) at a $28.00 strike. This particular put needed to be split into 10 different trades to become filled. The total cost received by the writing party (or parties) was $55.3K, with a price of $205.0 per contract. There were 61931 open contracts at this strike prior to today, and today 5289 contract(s) were bought and sold.
• For TWTR TWTR, we notice a call option trade that happens to be bearish, expiring in 38 day(s) on July 16, 2021. This event was a transfer of 5000 contract(s) at a $80.00 strike. The total cost received by the writing party (or parties) was $65.0K, with a price of $13.0 per contract. There were 17928 open contracts at this strike prior to today, and today 5045 contract(s) were bought and sold.
• For SNAP SNAP, we notice a call option sweep that happens to be bullish, expiring in 38 day(s) on July 16, 2021. This event was a transfer of 200 contract(s) at a $60.00 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 $69.0K, with a price of $345.0 per contract. There were 14897 open contracts at this strike prior to today, and today 1154 contract(s) were bought and sold.
• Regarding LYV LYV, we observe a call option sweep with bearish sentiment. It expires in 10 day(s) on June 18, 2021. Parties traded 203 contract(s) at a $90.00 strike. This particular call needed to be split into 49 different trades to become filled. The total cost received by the writing party (or parties) was $28.4K, with a price of $140.0 per contract. There were 1647 open contracts at this strike prior to today, and today 689 contract(s) were bought and sold.
• For WB WB, we notice a put option trade that happens to be bullish, expiring in 591 day(s) on January 20, 2023. This event was a transfer of 380 contract(s) at a $30.00 strike. The total cost received by the writing party (or parties) was $77.8K, with a price of $205.0 per contract. There were 33 open contracts at this strike prior to today, and today 380 contract(s) were bought and sold.
• For DISCA DISCA, we notice a put option trade that happens to be bearish, expiring in 38 day(s) on July 16, 2021. This event was a transfer of 300 contract(s) at a $32.50 strike. The total cost received by the writing party (or parties) was $79.5K, with a price of $265.0 per contract. There were 2331 open contracts at this strike prior to today, and today 379 contract(s) were bought and sold.
• Regarding IQ IQ, we observe a put option trade with neutral sentiment. It expires in 227 day(s) on January 21, 2022. Parties traded 250 contract(s) at a $12.50 strike. The total cost received by the writing party (or parties) was $44.5K, with a price of $178.0 per contract. There were 29480 open contracts at this strike prior to today, and today 250 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.
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