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 |
|---|---|---|---|---|---|---|---|---|
| META | CALL | SWEEP | NEUTRAL | 08/18/23 | $300.00 | $58.6K | 9.7K | 9.4K |
| FUBO | PUT | SWEEP | BEARISH | 01/17/25 | $1.50 | $57.5K | 17.5K | 8.8K |
| SIRI | PUT | TRADE | BULLISH | 08/18/23 | $5.00 | $129.6K | 74.2K | 5.0K |
| NFLX | PUT | SWEEP | BULLISH | 08/18/23 | $410.00 | $39.4K | 3.1K | 3.0K |
| ATVI | PUT | TRADE | BEARISH | 09/01/23 | $85.00 | $48.9K | 502 | 2.7K |
| MTCH | PUT | SWEEP | BEARISH | 12/15/23 | $40.00 | $41.3K | 121 | 2.1K |
| T | PUT | TRADE | BEARISH | 01/19/24 | $15.00 | $51.7K | 51.2K | 551 |
| GOOG | PUT | SWEEP | BEARISH | 06/20/25 | $110.00 | $225.0K | 168 | 250 |
| VZ | CALL | SWEEP | BULLISH | 01/17/25 | $23.00 | $42.2K | 490 | 218 |
| ROKU | CALL | SWEEP | NEUTRAL | 08/25/23 | $76.00 | $91.5K | 248 | 198 |
Explanation
These bullet-by-bullet explanations have been constructed using the accompanying table.
• Regarding META META, we observe a call option sweep with neutral sentiment. It expires in 2 day(s) on August 18, 2023. Parties traded 200 contract(s) at a $300.00 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 $58.6K, with a price of $292.0 per contract. There were 9789 open contracts at this strike prior to today, and today 9484 contract(s) were bought and sold.
• For FUBO FUBO, we notice a put option sweep that happens to be bearish, expiring in 520 day(s) on January 17, 2025. This event was a transfer of 943 contract(s) at a $1.50 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 $57.5K, with a price of $61.0 per contract. There were 17510 open contracts at this strike prior to today, and today 8871 contract(s) were bought and sold.
• For SIRI SIRI, we notice a put option trade that happens to be bullish, expiring in 2 day(s) on August 18, 2023. This event was a transfer of 3601 contract(s) at a $5.00 strike. The total cost received by the writing party (or parties) was $129.6K, with a price of $36.0 per contract. There were 74256 open contracts at this strike prior to today, and today 5046 contract(s) were bought and sold.
• For NFLX NFLX, we notice a put option sweep that happens to be bullish, expiring in 2 day(s) on August 18, 2023. This event was a transfer of 200 contract(s) at a $410.00 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 $39.4K, with a price of $197.0 per contract. There were 3168 open contracts at this strike prior to today, and today 3069 contract(s) were bought and sold.
• For ATVI ATVI, we notice a put option trade that happens to be bearish, expiring in 16 day(s) on September 1, 2023. This event was a transfer of 700 contract(s) at a $85.00 strike. The total cost received by the writing party (or parties) was $48.9K, with a price of $70.0 per contract. There were 502 open contracts at this strike prior to today, and today 2700 contract(s) were bought and sold.
• Regarding MTCH MTCH, we observe a put option sweep with bearish sentiment. It expires in 121 day(s) on December 15, 2023. Parties traded 176 contract(s) at a $40.00 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 $41.3K, with a price of $235.0 per contract. There were 121 open contracts at this strike prior to today, and today 2151 contract(s) were bought and sold.
• Regarding T T, we observe a put option trade with bearish sentiment. It expires in 156 day(s) on January 19, 2024. Parties traded 343 contract(s) at a $15.00 strike. The total cost received by the writing party (or parties) was $51.7K, with a price of $151.0 per contract. There were 51265 open contracts at this strike prior to today, and today 551 contract(s) were bought and sold.
• Regarding GOOG GOOG, we observe a put option sweep with bearish sentiment. It expires in 674 day(s) on June 20, 2025. Parties traded 250 contract(s) at a $110.00 strike. This particular put needed to be split into 11 different trades to become filled. The total cost received by the writing party (or parties) was $225.0K, with a price of $900.0 per contract. There were 168 open contracts at this strike prior to today, and today 250 contract(s) were bought and sold.
• Regarding VZ VZ, we observe a call option sweep with bullish sentiment. It expires in 520 day(s) on January 17, 2025. Parties traded 40 contract(s) at a $23.00 strike. This particular call needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was $42.2K, with a price of $1055.0 per contract. There were 490 open contracts at this strike prior to today, and today 218 contract(s) were bought and sold.
• For ROKU ROKU, we notice a call option sweep that happens to be neutral, expiring in 9 day(s) on August 25, 2023. This event was a transfer of 190 contract(s) at a $76.00 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 $91.5K, with a price of $482.0 per contract. There were 248 open contracts at this strike prior to today, and today 198 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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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