This unusual options alert can help traders discover the next big trading opportunities. Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. Unusual trading activity could push option prices to exaggerated or underestimated levels.
Below are some instances of unusual options activity happening in the Communication Services sector:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| FB | CALL | SWEEP | NEUTRAL | 08/27/21 | $370.00 | $32.6K | 7.9K | 40.4K |
| AMC | CALL | SWEEP | BULLISH | 08/27/21 | $60.00 | $26.6K | 11.7K | 40.3K |
| ATVI | CALL | SWEEP | BULLISH | 02/18/22 | $90.00 | $90.0K | 695 | 9.7K |
| ZNGA | CALL | SWEEP | BEARISH | 10/01/21 | $9.50 | $25.1K | 330 | 1.6K |
| SNAP | CALL | SWEEP | BEARISH | 09/17/21 | $75.00 | $99.6K | 27.8K | 1.5K |
| SKLZ | CALL | TRADE | BEARISH | 01/20/23 | $30.00 | $94.2K | 4.9K | 1.0K |
| WB | CALL | SWEEP | BEARISH | 01/21/22 | $55.00 | $204.0K | 1.2K | 340 |
| CNK | CALL | SWEEP | BEARISH | 10/15/21 | $17.50 | $30.6K | 230 | 265 |
| VIAC | PUT | SWEEP | BEARISH | 03/18/22 | $37.50 | $84.0K | 1.2K | 253 |
Explanation
These bullet-by-bullet explanations have been constructed using the accompanying table.
• For FB FB, we notice a call option sweep that happens to be neutral, expiring in 2 day(s) on August 27, 2021. This event was a transfer of 200 contract(s) at a $370.00 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 $32.6K, with a price of $163.0 per contract. There were 7933 open contracts at this strike prior to today, and today 40445 contract(s) were bought and sold.
• For AMC AMC, we notice a call option sweep that happens to be bullish, expiring in 2 day(s) on August 27, 2021. This event was a transfer of 259 contract(s) at a $60.00 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 $26.6K, with a price of $103.0 per contract. There were 11781 open contracts at this strike prior to today, and today 40309 contract(s) were bought and sold.
• For ATVI ATVI, we notice a call option sweep that happens to be bullish, expiring in 177 day(s) on February 18, 2022. This event was a transfer of 250 contract(s) at a $90.00 strike. This particular call needed to be split into 24 different trades to become filled. The total cost received by the writing party (or parties) was $90.0K, with a price of $360.0 per contract. There were 695 open contracts at this strike prior to today, and today 9750 contract(s) were bought and sold.
• Regarding ZNGA ZNGA, we observe a call option sweep with bearish sentiment. It expires in 37 day(s) on October 1, 2021. Parties traded 868 contract(s) at a $9.50 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $25.1K, with a price of $29.0 per contract. There were 330 open contracts at this strike prior to today, and today 1603 contract(s) were bought and sold.
• For SNAP SNAP, we notice a call option sweep that happens to be bearish, expiring in 23 day(s) on September 17, 2021. This event was a transfer of 357 contract(s) at a $75.00 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 $99.6K, with a price of $279.0 per contract. There were 27830 open contracts at this strike prior to today, and today 1502 contract(s) were bought and sold.
• For SKLZ SKLZ, we notice a call option trade that happens to be bearish, expiring in 513 day(s) on January 20, 2023. This event was a transfer of 628 contract(s) at a $30.00 strike. The total cost received by the writing party (or parties) was $94.2K, with a price of $150.0 per contract. There were 4942 open contracts at this strike prior to today, and today 1002 contract(s) were bought and sold.
• For WB WB, we notice a call option sweep that happens to be bearish, expiring in 149 day(s) on January 21, 2022. This event was a transfer of 340 contract(s) at a $55.00 strike. This particular call needed to be split into 11 different trades to become filled. The total cost received by the writing party (or parties) was $204.0K, with a price of $600.0 per contract. There were 1209 open contracts at this strike prior to today, and today 340 contract(s) were bought and sold.
• For CNK CNK, we notice a call option sweep that happens to be bearish, expiring in 51 day(s) on October 15, 2021. This event was a transfer of 219 contract(s) at a $17.50 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 $30.6K, with a price of $140.0 per contract. There were 230 open contracts at this strike prior to today, and today 265 contract(s) were bought and sold.
• For VIAC VIAC, we notice a put option sweep that happens to be bearish, expiring in 205 day(s) on March 18, 2022. This event was a transfer of 240 contract(s) at a $37.50 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 $84.0K, with a price of $350.0 per contract. There were 1271 open contracts at this strike prior to today, and today 253 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.
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