This unusual options alert can help traders track potentially big trading opportunities. Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Unusual trading activity could push option prices to hyperbolic or underperforming 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 |
|---|---|---|---|---|---|---|---|---|
| AMC | CALL | SWEEP | BEARISH | 06/11/21 | $60.00 | $122.4K | 30.3K | 27.6K |
| SNAP | CALL | TRADE | NEUTRAL | 06/11/21 | $63.00 | $26.2K | 27.1K | 10.6K |
| LUMN | CALL | TRADE | BULLISH | 07/16/21 | $16.00 | $282.2K | 7.1K | 9.5K |
| TWTR | CALL | SWEEP | BULLISH | 06/18/21 | $60.00 | $51.5K | 22.7K | 7.0K |
| FB | PUT | SWEEP | BULLISH | 06/11/21 | $335.00 | $115.5K | 2.4K | 5.4K |
| IQ | CALL | TRADE | BULLISH | 07/16/21 | $15.00 | $29.2K | 12.0K | 3.6K |
| LIVX | CALL | TRADE | BEARISH | 06/18/21 | $5.00 | $110.0K | 4.6K | 2.0K |
| PINS | CALL | SWEEP | BULLISH | 06/18/21 | $69.50 | $30.5K | 236 | 488 |
| VIAC | CALL | SWEEP | BEARISH | 09/17/21 | $39.00 | $112.0K | 1.9K | 418 |
| TMUS | CALL | SWEEP | BULLISH | 07/16/21 | $140.00 | $205.4K | 2.7K | 267 |
Explanation
These itemized elaborations have been created using the accompanying table.
• For AMC (NYSE:AMC), we notice a call option sweep that happens to be bearish, expiring in 2 day(s) on June 11, 2021. This event was a transfer of 482 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 $122.4K, with a price of $254.0 per contract. There were 30379 open contracts at this strike prior to today, and today 27602 contract(s) were bought and sold.
• For SNAP (NYSE:SNAP), we notice a call option trade that happens to be neutral, expiring in 2 day(s) on June 11, 2021. This event was a transfer of 445 contract(s) at a $63.00 strike. The total cost received by the writing party (or parties) was $26.2K, with a price of $59.0 per contract. There were 27105 open contracts at this strike prior to today, and today 10637 contract(s) were bought and sold.
• For LUMN (NYSE:LUMN), we notice a call option trade that happens to be bullish, expiring in 37 day(s) on July 16, 2021. This event was a transfer of 8300 contract(s) at a $16.00 strike. The total cost received by the writing party (or parties) was $282.2K, with a price of $34.0 per contract. There were 7124 open contracts at this strike prior to today, and today 9560 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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