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 often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels.
Here's the list of options activity happening in today's session:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| PARA | PUT | SWEEP | BEARISH | 05/17/24 | $13.50 | $58.3K | 267 | 3.7K |
| SE | PUT | TRADE | NEUTRAL | 09/20/24 | $70.00 | $3.7 million | 37 | 3.4K |
| GOOGL | CALL | TRADE | BEARISH | 05/17/24 | $167.50 | $28.0K | 4.8K | 2.8K |
| GRND | PUT | TRADE | BULLISH | 06/21/24 | $10.00 | $88.0K | 127 | 2.0K |
| META | CALL | SWEEP | BULLISH | 05/17/24 | $472.50 | $46.3K | 1.1K | 1.6K |
| NFLX | CALL | SWEEP | BULLISH | 05/17/24 | $610.00 | $55.1K | 2.2K | 962 |
| VZ | PUT | SWEEP | BEARISH | 09/20/24 | $40.00 | $87.5K | 7.3K | 841 |
| GOOG | CALL | SWEEP | BEARISH | 09/20/24 | $170.00 | $97.1K | 3.0K | 215 |
| RBLX | CALL | TRADE | BULLISH | 01/17/25 | $30.00 | $65.9K | 1.6K | 198 |
| TTD | CALL | TRADE | BEARISH | 07/19/24 | $95.00 | $30.6K | 690 | 161 |
Explanation
These bullet-by-bullet explanations have been constructed using the accompanying table.
• For PARA (NASDAQ:PARA), we notice a put option sweep that happens to be bearish, expiring in 7 day(s) on May 17, 2024. This event was a transfer of 898 contract(s) at a $13.50 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 $58.3K, with a price of $65.0 per contract. There were 267 open contracts at this strike prior to today, and today 3783 contract(s) were bought and sold.
• For SE (NYSE:SE), we notice a put option trade that happens to be neutral, expiring in 133 day(s) on September 20, 2024. This event was a transfer of 3400 contract(s) at a $70.00 strike. The total cost received by the writing party (or parties) was $3.7 million, with a price of $1110.0 per contract. There were 37 open contracts at this strike prior to today, and today 3400 contract(s) were bought and sold.
• Regarding GOOGL (NASDAQ:GOOGL), we observe a call option trade with bearish sentiment. It expires in 7 day(s) on May 17, 2024. Parties traded 100 contract(s) at a $167.50 strike. The total cost received by the writing party (or parties) was $28.0K, with a price of $280.0 per contract. There were 4888 open contracts at this strike prior to today, and today 2843 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.
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