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 will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels.
Below are some instances of options activity happening in the Communication Services sector:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| WBD | CALL | TRADE | BULLISH | 01/19/24 | $12.50 | $25.0K | 38.8K | 8.7K |
| GOOGL | CALL | SWEEP | BULLISH | 01/19/24 | $145.00 | $39.0K | 24.0K | 5.3K |
| GOOG | CALL | SWEEP | BULLISH | 12/29/23 | $142.00 | $30.4K | 5.9K | 3.8K |
| PARA | CALL | SWEEP | BULLISH | 01/19/24 | $15.00 | $27.5K | 27.8K | 2.5K |
| WB | CALL | SWEEP | BEARISH | 01/19/24 | $11.00 | $30.3K | 94 | 1.0K |
| META | PUT | SWEEP | BEARISH | 01/19/24 | $330.00 | $37.0K | 5.8K | 297 |
| BIDU | CALL | TRADE | BEARISH | 01/12/24 | $112.00 | $71.2K | 154 | 130 |
| AMC | PUT | TRADE | BEARISH | 01/19/24 | $7.00 | $37.5K | 4.9K | 64 |
| RBLX | CALL | TRADE | BULLISH | 01/17/25 | $30.00 | $70.7K | 1.3K | 52 |
| ROKU | CALL | SWEEP | BEARISH | 01/26/24 | $85.00 | $39.6K | 1 | 0 |
Explanation
These bullet-by-bullet explanations have been constructed using the accompanying table.
• For WBD WBD, we notice a call option trade that happens to be bullish, expiring in 29 day(s) on January 19, 2024. This event was a transfer of 1000 contract(s) at a $12.50 strike. The total cost received by the writing party (or parties) was $25.0K, with a price of $25.0 per contract. There were 38849 open contracts at this strike prior to today, and today 8771 contract(s) were bought and sold.
• For GOOGL GOOGL, we notice a call option sweep that happens to be bullish, expiring in 29 day(s) on January 19, 2024. This event was a transfer of 200 contract(s) at a $145.00 strike. This particular call needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $39.0K, with a price of $195.0 per contract. There were 24068 open contracts at this strike prior to today, and today 5368 contract(s) were bought and sold.
• Regarding GOOG GOOG, we observe a call option sweep with bullish sentiment. It expires in 8 day(s) on December 29, 2023. Parties traded 200 contract(s) at a $142.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $30.4K, with a price of $152.0 per contract. There were 5974 open contracts at this strike prior to today, and today 3832 contract(s) were bought and sold.
• Regarding PARA PARA, we observe a call option sweep with bullish sentiment. It expires in 29 day(s) on January 19, 2024. Parties traded 244 contract(s) at a $15.00 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 $27.5K, with a price of $113.0 per contract. There were 27813 open contracts at this strike prior to today, and today 2558 contract(s) were bought and sold.
• For WB WB, we notice a call option sweep that happens to be bearish, expiring in 29 day(s) on January 19, 2024. This event was a transfer of 1012 contract(s) at a $11.00 strike. This particular call needed to be split into 28 different trades to become filled. The total cost received by the writing party (or parties) was $30.3K, with a price of $30.0 per contract. There were 94 open contracts at this strike prior to today, and today 1012 contract(s) were bought and sold.
• For META META, we notice a put option sweep that happens to be bearish, expiring in 29 day(s) on January 19, 2024. This event was a transfer of 100 contract(s) at a $330.00 strike. This particular put needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $37.0K, with a price of $370.0 per contract. There were 5863 open contracts at this strike prior to today, and today 297 contract(s) were bought and sold.
• For BIDU BIDU, we notice a call option trade that happens to be bearish, expiring in 22 day(s) on January 12, 2024. This event was a transfer of 100 contract(s) at a $112.00 strike. The total cost received by the writing party (or parties) was $71.2K, with a price of $712.0 per contract. There were 154 open contracts at this strike prior to today, and today 130 contract(s) were bought and sold.
• For AMC AMC, we notice a put option trade that happens to be bearish, expiring in 29 day(s) on January 19, 2024. This event was a transfer of 300 contract(s) at a $7.00 strike. The total cost received by the writing party (or parties) was $37.5K, with a price of $125.0 per contract. There were 4936 open contracts at this strike prior to today, and today 64 contract(s) were bought and sold.
• For RBLX RBLX, we notice a call option trade that happens to be bullish, expiring in 393 day(s) on January 17, 2025. This event was a transfer of 39 contract(s) at a $30.00 strike. The total cost received by the writing party (or parties) was $70.7K, with a price of $1815.0 per contract. There were 1378 open contracts at this strike prior to today, and today 52 contract(s) were bought and sold.
• For ROKU ROKU, we notice a call option sweep that happens to be bearish, expiring in 36 day(s) on January 26, 2024. This event was a transfer of 40 contract(s) at a $85.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $39.6K, with a price of $990.0 per contract. There were 1 open contracts at this strike prior to today, and today 0 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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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