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 |
|---|---|---|---|---|---|---|---|---|
| DISCA | CALL | SWEEP | BEARISH | 01/20/23 | $30.00 | $174.8K | 16.9K | 26.9K |
| DIS | CALL | SWEEP | BULLISH | 07/23/21 | $185.00 | $81.3K | 6.6K | 8.4K |
| AMC | CALL | TRADE | BULLISH | 07/23/21 | $38.00 | $64.0K | 1.5K | 8.3K |
| LUMN | PUT | SWEEP | NEUTRAL | 08/20/21 | $13.00 | $153.2K | 3.0K | 5.8K |
| SKLZ | PUT | SWEEP | BEARISH | 07/23/21 | $14.00 | $149.5K | 202 | 3.7K |
| VIAC | CALL | SWEEP | BULLISH | 01/21/22 | $42.50 | $218.8K | 7.5K | 3.2K |
| SNAP | PUT | TRADE | BULLISH | 01/20/23 | $35.00 | $178.6K | 28.2K | 1.4K |
| FB | CALL | TRADE | BULLISH | 01/20/23 | $280.00 | $2.6 million | 4.4K | 291 |
Explanation
These bullet-by-bullet explanations have been constructed using the accompanying table.
• For DISCA (NASDAQ:DISCA), we notice a call option sweep that happens to be bearish, expiring in 553 day(s) on January 20, 2023. This event was a transfer of 282 contract(s) at a $30.00 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 $174.8K, with a price of $620.0 per contract. There were 16935 open contracts at this strike prior to today, and today 26938 contract(s) were bought and sold.
• For DIS (NYSE:DIS), we notice a call option sweep that happens to be bullish, expiring in 7 day(s) on July 23, 2021. This event was a transfer of 810 contract(s) at a $185.00 strike. This particular call needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was $81.3K, with a price of $101.0 per contract. There were 6615 open contracts at this strike prior to today, and today 8483 contract(s) were bought and sold.
• For AMC (NYSE:AMC), we notice a call option trade that happens to be bullish, expiring in 7 day(s) on July 23, 2021. This event was a transfer of 200 contract(s) at a $38.00 strike. The total cost received by the writing party (or parties) was $64.0K, with a price of $320.0 per contract. There were 1574 open contracts at this strike prior to today, and today 8387 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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