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 often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming 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 |
|---|---|---|---|---|---|---|---|---|
| FB | CALL | SWEEP | NEUTRAL | 02/11/22 | $230.00 | $27.8K | 12.8K | 53.6K |
| AMC | PUT | SWEEP | BULLISH | 02/11/22 | $18.00 | $32.2K | 9.6K | 14.3K |
| T | CALL | SWEEP | BULLISH | 03/18/22 | $25.00 | $35.0K | 128.4K | 5.3K |
| DIS | CALL | SWEEP | NEUTRAL | 04/14/22 | $155.00 | $43.8K | 10.4K | 4.0K |
| RBLX | CALL | TRADE | BEARISH | 02/11/22 | $65.00 | $119.3K | 1.6K | 1.8K |
| GOOGL | CALL | SWEEP | BEARISH | 02/18/22 | $2850.00 | $34.1K | 473 | 1.7K |
| BILI | PUT | SWEEP | BULLISH | 03/18/22 | $35.00 | $174.3K | 8.3K | 1.1K |
| BIDU | CALL | TRADE | BEARISH | 06/17/22 | $150.00 | $26.7K | 4.4K | 692 |
| VIAC | CALL | SWEEP | BULLISH | 01/20/23 | $35.00 | $25.8K | 17.5K | 356 |
| NFLX | CALL | SWEEP | BULLISH | 02/25/22 | $400.00 | $82.3K | 410 | 237 |
Explanation
These itemized elaborations have been created using the accompanying table.
• For FB (NASDAQ:FB), we notice a call option sweep that happens to be neutral, expiring in 2 day(s) on February 11, 2022. This event was a transfer of 100 contract(s) at a $230.00 strike. This particular call needed to be split into 17 different trades to become filled. The total cost received by the writing party (or parties) was $27.8K, with a price of $278.0 per contract. There were 12854 open contracts at this strike prior to today, and today 53621 contract(s) were bought and sold.
• For AMC (NYSE:AMC), we notice a put option sweep that happens to be bullish, expiring in 2 day(s) on February 11, 2022. This event was a transfer of 396 contract(s) at a $18.00 strike. This particular put needed to be split into 10 different trades to become filled. The total cost received by the writing party (or parties) was $32.2K, with a price of $81.0 per contract. There were 9650 open contracts at this strike prior to today, and today 14323 contract(s) were bought and sold.
• For T (NYSE:T), we notice a call option sweep that happens to be bullish, expiring in 37 day(s) on March 18, 2022. This event was a transfer of 874 contract(s) at a $25.00 strike. This particular call needed to be split into 17 different trades to become filled. The total cost received by the writing party (or parties) was $35.0K, with a price of $40.0 per contract. There were 128459 open contracts at this strike prior to today, and today 5316 contract(s) were bought and sold.
• For DIS (NYSE:DIS), we notice a call option sweep that happens to be neutral, expiring in 64 day(s) on April 14, 2022. This event was a transfer of 100 contract(s) at a $155.00 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $43.8K, with a price of $440.0 per contract. There were 10428 open contracts at this strike prior to today, and today 4017 contract(s) were bought and sold.
• Regarding RBLX (NYSE:RBLX), we observe a call option trade with bearish sentiment. It expires in 2 day(s) on February 11, 2022. Parties traded 385 contract(s) at a $65.00 strike. The total cost received by the writing party (or parties) was $119.3K, with a price of $310.0 per contract. There were 1617 open contracts at this strike prior to today, and today 1809 contract(s) were bought and sold.
• For GOOGL (NASDAQ:GOOGL), we notice a call option sweep that happens to be bearish, expiring in 9 day(s) on February 18, 2022. This event was a transfer of 10 contract(s) at a $2850.00 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 $34.1K, with a price of $3414.0 per contract. There were 473 open contracts at this strike prior to today, and today 1706 contract(s) were bought and sold.
• For BILI (NASDAQ:BILI), we notice a put option sweep that happens to be bullish, expiring in 37 day(s) on March 18, 2022. This event was a transfer of 498 contract(s) at a $35.00 strike. This particular put needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was $174.3K, with a price of $350.0 per contract. There were 8347 open contracts at this strike prior to today, and today 1144 contract(s) were bought and sold.
• For BIDU (NASDAQ:BIDU), we notice a call option trade that happens to be bearish, expiring in 128 day(s) on June 17, 2022. This event was a transfer of 10 contract(s) at a $150.00 strike. The total cost received by the writing party (or parties) was $26.7K, with a price of $2670.0 per contract. There were 4498 open contracts at this strike prior to today, and today 692 contract(s) were bought and sold.
• For VIAC (NASDAQ:VIAC), we notice a call option sweep that happens to be bullish, expiring in 345 day(s) on January 20, 2023. This event was a transfer of 45 contract(s) at a $35.00 strike. This particular call needed to be split into 13 different trades to become filled. The total cost received by the writing party (or parties) was $25.8K, with a price of $575.0 per contract. There were 17578 open contracts at this strike prior to today, and today 356 contract(s) were bought and sold.
• For NFLX (NASDAQ:NFLX), we notice a call option sweep that happens to be bullish, expiring in 16 day(s) on February 25, 2022. This event was a transfer of 57 contract(s) at a $400.00 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 $82.3K, with a price of $1445.0 per contract. There were 410 open contracts at this strike prior to today, and today 237 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.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
