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 |
|---|---|---|---|---|---|---|---|---|
| SNAP | CALL | SWEEP | BEARISH | 01/15/21 | $55.00 | $122.5K | 16.9K | 3.9K |
| FB | CALL | SWEEP | BULLISH | 12/31/20 | $265.00 | $159.3K | 1.0K | 1.9K |
| CNK | CALL | SWEEP | BEARISH | 01/21/22 | $35.00 | $252.6K | 2.4K | 1.4K |
| TWTR | CALL | SWEEP | BEARISH | 06/18/21 | $65.00 | $244.0K | 7.3K | 509 |
| T | PUT | TRADE | BULLISH | 04/16/21 | $40.00 | $625.0K | 3.6K | 500 |
| CMCSA | PUT | SWEEP | BEARISH | 06/18/21 | $42.50 | $31.5K | 5.6K | 439 |
| TRIP | CALL | SWEEP | BULLISH | 03/19/21 | $30.00 | $39.6K | 641 | 342 |
| NFLX | CALL | SWEEP | BEARISH | 02/19/21 | $510.00 | $1.2 million | 795 | 307 |
| OMC | CALL | SWEEP | BEARISH | 04/16/21 | $67.50 | $36.4K | 66 | 253 |
Explanation
These itemized elaboration has been created using the accompanying table.
• Regarding SNAP SNAP, we observe a call option sweep with bearish sentiment. It expires in 24 day(s) on January 15, 2021. A trader bought 777 contract(s) at a $55.00 strike. This particular call needed to be split into 22 different trades to become filled. The trader or institution spent $122.5K on this trade with a price of $158.0 per contract. There were 16960 open contracts at this strike prior to today, and today 3949 contract(s) were bought and sold.
• For FB FB, we notice a call option sweep that happens to be bullish, expiring in 9 day(s) on December 31, 2020. A trader bought 251 contract(s) at a $265.00 strike. This particular call needed to be split into 5 different trades to become filled. The trader or institution spent $159.3K on this trade with a price of $635.0 per contract. There were 1075 open contracts at this strike prior to today, and today 1995 contract(s) were bought and sold.
• Regarding CNK CNK, we observe a call option sweep with bearish sentiment. It expires in 395 day(s) on January 21, 2022. A trader bought 1200 contract(s) at a $35.00 strike. This particular call needed to be split into 41 different trades to become filled. The trader or institution spent $252.6K on this trade with a price of $210.0 per contract. There were 2428 open contracts at this strike prior to today, and today 1408 contract(s) were bought and sold.
• Regarding TWTR TWTR, we observe a call option sweep with bearish sentiment. It expires in 178 day(s) on June 18, 2021. A trader bought 498 contract(s) at a $65.00 strike. This particular call needed to be split into 27 different trades to become filled. The trader or institution spent $244.0K on this trade with a price of $490.0 per contract. There were 7340 open contracts at this strike prior to today, and today 509 contract(s) were bought and sold.
• Regarding T T, we observe a put option trade with bullish sentiment. It expires in 115 day(s) on April 16, 2021. A trader bought 500 contract(s) at a $40.00 strike. The trader or institution spent $625.0K on this trade with a price of $1250.0 per contract. There were 3655 open contracts at this strike prior to today, and today 500 contract(s) were bought and sold.
• Regarding CMCSA CMCSA, we observe a put option sweep with bearish sentiment. It expires in 178 day(s) on June 18, 2021. A trader bought 212 contract(s) at a $42.50 strike. This particular put needed to be split into 8 different trades to become filled. The trader or institution spent $31.5K on this trade with a price of $149.0 per contract. There were 5691 open contracts at this strike prior to today, and today 439 contract(s) were bought and sold.
• For TRIP TRIP, we notice a call option sweep that happens to be bullish, expiring in 87 day(s) on March 19, 2021. A trader bought 300 contract(s) at a $30.00 strike. This particular call needed to be split into 23 different trades to become filled. The trader or institution spent $39.6K on this trade with a price of $131.0 per contract. There were 641 open contracts at this strike prior to today, and today 342 contract(s) were bought and sold.
• Regarding NFLX NFLX, we observe a call option sweep with bearish sentiment. It expires in 59 day(s) on February 19, 2021. A trader bought 283 contract(s) at a $510.00 strike. This particular call needed to be split into 3 different trades to become filled. The trader or institution spent $1.2 million on this trade with a price of $4435.0 per contract. There were 795 open contracts at this strike prior to today, and today 307 contract(s) were bought and sold.
• For OMC OMC, we notice a call option sweep that happens to be bearish, expiring in 115 day(s) on April 16, 2021. A trader bought 243 contract(s) at a $67.50 strike. This particular call needed to be split into 35 different trades to become filled. The trader or institution spent $36.4K on this trade with a price of $150.0 per contract. There were 66 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 about unusual options activity.
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Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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