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 |
|---|---|---|---|---|---|---|---|---|
| DIS | CALL | SWEEP | BULLISH | 07/16/21 | $185.00 | $50.8K | 15.5K | 60.4K |
| AMC | PUT | SWEEP | BEARISH | 07/23/21 | $40.00 | $119.3K | 3.2K | 4.6K |
| DOYU | CALL | SWEEP | BULLISH | 11/19/21 | $7.50 | $32.3K | 1.3K | 3.1K |
| IQ | PUT | SWEEP | BEARISH | 09/17/21 | $10.00 | $34.6K | 18.1K | 2.4K |
| T | CALL | TRADE | BEARISH | 07/15/22 | $30.00 | $195.0K | 4.6K | 1.5K |
| FB | CALL | TRADE | BEARISH | 08/20/21 | $340.00 | $2.2 million | 12.3K | 1.1K |
| LUMN | CALL | TRADE | BULLISH | 08/06/21 | $14.00 | $35.8K | 135 | 1.1K |
| Z | PUT | SWEEP | BULLISH | 01/20/23 | $115.00 | $1.4 million | 4.3K | 998 |
| BIDU | CALL | SWEEP | BEARISH | 08/20/21 | $240.00 | $44.2K | 1.9K | 631 |
| BILI | PUT | TRADE | BULLISH | 08/20/21 | $105.00 | $106.2K | 529 | 506 |
Explanation
These bullet-by-bullet explanations have been constructed using the accompanying table.
• Regarding DIS DIS, we observe a call option sweep with bullish sentiment. It expires in 3 day(s) on July 16, 2021. Parties traded 248 contract(s) at a $185.00 strike. This particular call needed to be split into 8 different trades to become filled. The total cost received by the writing party (or parties) was $50.8K, with a price of $205.0 per contract. There were 15528 open contracts at this strike prior to today, and today 60462 contract(s) were bought and sold.
• Regarding AMC AMC, we observe a put option sweep with bearish sentiment. It expires in 10 day(s) on July 23, 2021. Parties traded 284 contract(s) at a $40.00 strike. This particular put needed to be split into 27 different trades to become filled. The total cost received by the writing party (or parties) was $119.3K, with a price of $420.0 per contract. There were 3221 open contracts at this strike prior to today, and today 4641 contract(s) were bought and sold.
• Regarding DOYU DOYU, we observe a call option sweep with bullish sentiment. It expires in 129 day(s) on November 19, 2021. Parties traded 498 contract(s) at a $7.50 strike. This particular call needed to be split into 34 different trades to become filled. The total cost received by the writing party (or parties) was $32.3K, with a price of $65.0 per contract. There were 1366 open contracts at this strike prior to today, and today 3183 contract(s) were bought and sold.
• For IQ IQ, we notice a put option sweep that happens to be bearish, expiring in 66 day(s) on September 17, 2021. This event was a transfer of 1154 contract(s) at a $10.00 strike. This particular put needed to be split into 26 different trades to become filled. The total cost received by the writing party (or parties) was $34.6K, with a price of $30.0 per contract. There were 18176 open contracts at this strike prior to today, and today 2434 contract(s) were bought and sold.
• For T T, we notice a call option trade that happens to be bearish, expiring in 367 day(s) on July 15, 2022. This event was a transfer of 1500 contract(s) at a $30.00 strike. The total cost received by the writing party (or parties) was $195.0K, with a price of $130.0 per contract. There were 4670 open contracts at this strike prior to today, and today 1520 contract(s) were bought and sold.
• For FB FB, we notice a call option trade that happens to be bearish, expiring in 38 day(s) on August 20, 2021. This event was a transfer of 1025 contract(s) at a $340.00 strike. The total cost received by the writing party (or parties) was $2.2 million, with a price of $2220.0 per contract. There were 12306 open contracts at this strike prior to today, and today 1167 contract(s) were bought and sold.
• For LUMN LUMN, we notice a call option trade that happens to be bullish, expiring in 24 day(s) on August 6, 2021. This event was a transfer of 597 contract(s) at a $14.00 strike. The total cost received by the writing party (or parties) was $35.8K, with a price of $60.0 per contract. There were 135 open contracts at this strike prior to today, and today 1105 contract(s) were bought and sold.
• Regarding Z Z, we observe a put option sweep with bullish sentiment. It expires in 556 day(s) on January 20, 2023. Parties traded 465 contract(s) at a $115.00 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 $1.4 million, with a price of $3150.0 per contract. There were 4325 open contracts at this strike prior to today, and today 998 contract(s) were bought and sold.
• Regarding BIDU BIDU, we observe a call option sweep with bearish sentiment. It expires in 38 day(s) on August 20, 2021. Parties traded 503 contract(s) at a $240.00 strike. This particular call needed to be split into 36 different trades to become filled. The total cost received by the writing party (or parties) was $44.2K, with a price of $88.0 per contract. There were 1950 open contracts at this strike prior to today, and today 631 contract(s) were bought and sold.
• For BILI BILI, we notice a put option trade that happens to be bullish, expiring in 38 day(s) on August 20, 2021. This event was a transfer of 250 contract(s) at a $105.00 strike. The total cost received by the writing party (or parties) was $106.2K, with a price of $425.0 per contract. There were 529 open contracts at this strike prior to today, and today 506 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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
|---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
