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 |
---|---|---|---|---|---|---|---|---|
DJT | PUT | TRADE | NEUTRAL | 04/19/24 | $35.00 | $33.8K | 2.3K | 11.1K |
META | CALL | SWEEP | BULLISH | 04/26/24 | $500.00 | $82.3K | 3.1K | 4.7K |
NFLX | PUT | SWEEP | BEARISH | 05/17/24 | $550.00 | $48.6K | 1.0K | 2.0K |
PARA | PUT | TRADE | BEARISH | 05/17/24 | $11.00 | $40.5K | 5.3K | 1.4K |
DIS | PUT | SWEEP | BULLISH | 07/19/24 | $115.00 | $44.5K | 1.0K | 881 |
SNAP | CALL | SWEEP | BEARISH | 04/26/24 | $10.50 | $75.0K | 4.0K | 289 |
ROKU | CALL | SWEEP | BULLISH | 01/16/26 | $50.00 | $471.0K | 113 | 200 |
GOOGL | CALL | SWEEP | BULLISH | 01/17/25 | $130.00 | $343.4K | 4.3K | 118 |
RBLX | CALL | TRADE | BULLISH | 05/31/24 | $34.00 | $37.1K | 0 | 94 |
Explanation
These bullet-by-bullet explanations have been constructed using the accompanying table.
• For DJT DJT, we notice a put option trade that happens to be neutral, is expiring today. Parties traded 353 contract(s) at a $35.00 strike. The total cost received by the writing party (or parties) was $33.8K, with a price of $96.0 per contract. There were 2376 open contracts at this strike prior to today, and today 11196 contract(s) were bought and sold.
• Regarding META META, we observe a call option sweep with bullish sentiment. It expires in 7 day(s) on April 26, 2024. Parties traded 54 contract(s) at a $500.00 strike. This particular call needed to be split into 17 different trades to become filled. The total cost received by the writing party (or parties) was $82.3K, with a price of $1525.0 per contract. There were 3158 open contracts at this strike prior to today, and today 4755 contract(s) were bought and sold.
• For NFLX NFLX, we notice a put option sweep that happens to be bearish, expiring in 28 day(s) on May 17, 2024. This event was a transfer of 31 contract(s) at a $550.00 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 $48.6K, with a price of $1570.0 per contract. There were 1096 open contracts at this strike prior to today, and today 2008 contract(s) were bought and sold.
• Regarding PARA PARA, we observe a put option trade with bearish sentiment. It expires in 28 day(s) on May 17, 2024. Parties traded 750 contract(s) at a $11.00 strike. The total cost received by the writing party (or parties) was $40.5K, with a price of $54.0 per contract. There were 5358 open contracts at this strike prior to today, and today 1494 contract(s) were bought and sold.
• Regarding DIS DIS, we observe a put option sweep with bullish sentiment. It expires in 91 day(s) on July 19, 2024. Parties traded 63 contract(s) at a $115.00 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 $44.5K, with a price of $707.0 per contract. There were 1047 open contracts at this strike prior to today, and today 881 contract(s) were bought and sold.
• For SNAP SNAP, we notice a call option sweep that happens to be bearish, expiring in 7 day(s) on April 26, 2024. This event was a transfer of 500 contract(s) at a $10.50 strike. This particular call needed to be split into 30 different trades to become filled. The total cost received by the writing party (or parties) was $75.0K, with a price of $150.0 per contract. There were 4096 open contracts at this strike prior to today, and today 289 contract(s) were bought and sold.
• Regarding ROKU ROKU, we observe a call option sweep with bullish sentiment. It expires in 637 day(s) on January 16, 2026. Parties traded 200 contract(s) at a $50.00 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 $471.0K, with a price of $2360.0 per contract. There were 113 open contracts at this strike prior to today, and today 200 contract(s) were bought and sold.
• Regarding GOOGL GOOGL, we observe a call option sweep with bullish sentiment. It expires in 273 day(s) on January 17, 2025. Parties traded 100 contract(s) at a $130.00 strike. This particular call needed to be split into 14 different trades to become filled. The total cost received by the writing party (or parties) was $343.4K, with a price of $3435.0 per contract. There were 4397 open contracts at this strike prior to today, and today 118 contract(s) were bought and sold.
• Regarding RBLX RBLX, we observe a call option trade with bullish sentiment. It expires in 42 day(s) on May 31, 2024. Parties traded 94 contract(s) at a $34.00 strike. The total cost received by the writing party (or parties) was $37.1K, with a price of $395.0 per contract. There were 0 open contracts at this strike prior to today, and today 94 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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