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 |
|---|---|---|---|---|---|---|---|---|
| GOOGL | CALL | SWEEP | BEARISH | 12/13/24 | $177.50 | $52.1K | 18.5K | 24.9K |
| RDDT | CALL | TRADE | NEUTRAL | 12/13/24 | $160.00 | $96.7K | 403 | 1.0K |
| GOOG | PUT | SWEEP | BULLISH | 04/17/25 | $185.00 | $46.2K | 37 | 950 |
| TMUS | PUT | SWEEP | NEUTRAL | 01/17/25 | $230.00 | $64.2K | 1.9K | 849 |
| META | CALL | TRADE | BEARISH | 01/24/25 | $640.00 | $28.6K | 5 | 561 |
| BIDU | CALL | SWEEP | BULLISH | 01/17/25 | $70.00 | $55.9K | 1.2K | 429 |
| CHTR | PUT | SWEEP | BEARISH | 01/03/25 | $365.00 | $87.0K | 8 | 200 |
| RBLX | CALL | TRADE | NEUTRAL | 03/21/25 | $55.00 | $31.6K | 4.9K | 148 |
| ASTS | CALL | TRADE | BULLISH | 01/16/26 | $12.50 | $34.6K | 15.2K | 135 |
| ROKU | CALL | TRADE | BULLISH | 01/15/27 | $120.00 | $48.9K | 1 | 115 |
Explanation
These bullet-by-bullet explanations have been constructed using the accompanying table.
• For GOOGL (NASDAQ:GOOGL), we notice a call option sweep that happens to be bearish, expiring in 4 day(s) on December 13, 2024. This event was a transfer of 410 contract(s) at a $177.50 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 $52.1K, with a price of $127.0 per contract. There were 18554 open contracts at this strike prior to today, and today 24969 contract(s) were bought and sold.
• For RDDT (NYSE:RDDT), we notice a call option trade that happens to be neutral, expiring in 4 day(s) on December 13, 2024. This event was a transfer of 100 contract(s) at a $160.00 strike. The total cost received by the writing party (or parties) was $96.7K, with a price of $967.0 per contract. There were 403 open contracts at this strike prior to today, and today 1068 contract(s) were bought and sold.
• For GOOG (NASDAQ:GOOG), we notice a put option sweep that happens to be bullish, expiring in 129 day(s) on April 17, 2025. This event was a transfer of 34 contract(s) at a $185.00 strike. This particular put needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $46.2K, with a price of $1360.0 per contract. There were 37 open contracts at this strike prior to today, and today 950 contract(s) were bought and sold.
• For TMUS (NASDAQ:TMUS), we notice a put option sweep that happens to be neutral, expiring in 39 day(s) on January 17, 2025. This event was a transfer of 176 contract(s) at a $230.00 strike. This particular put needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $64.2K, with a price of $365.0 per contract. There were 1949 open contracts at this strike prior to today, and today 849 contract(s) were bought and sold.
• For META (NASDAQ:META), we notice a call option trade that happens to be bearish, expiring in 46 day(s) on January 24, 2025. This event was a transfer of 20 contract(s) at a $640.00 strike. The total cost received by the writing party (or parties) was $28.6K, with a price of $1430.0 per contract. There were 5 open contracts at this strike prior to today, and today 561 contract(s) were bought and sold.
• For BIDU (NASDAQ:BIDU), we notice a call option sweep that happens to be bullish, expiring in 39 day(s) on January 17, 2025. This event was a transfer of 22 contract(s) at a $70.00 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 $55.9K, with a price of $2542.0 per contract. There were 1261 open contracts at this strike prior to today, and today 429 contract(s) were bought and sold.
• For CHTR (NASDAQ:CHTR), we notice a put option sweep that happens to be bearish, expiring in 25 day(s) on January 3, 2025. This event was a transfer of 116 contract(s) at a $365.00 strike. This particular put needed to be split into 11 different trades to become filled. The total cost received by the writing party (or parties) was $87.0K, with a price of $750.0 per contract. There were 8 open contracts at this strike prior to today, and today 200 contract(s) were bought and sold.
• For RBLX (NYSE:RBLX), we notice a call option trade that happens to be neutral, expiring in 102 day(s) on March 21, 2025. This event was a transfer of 47 contract(s) at a $55.00 strike. The total cost received by the writing party (or parties) was $31.6K, with a price of $673.0 per contract. There were 4936 open contracts at this strike prior to today, and today 148 contract(s) were bought and sold.
• Regarding ASTS (NASDAQ:ASTS), we observe a call option trade with bullish sentiment. It expires in 403 day(s) on January 16, 2026. Parties traded 20 contract(s) at a $12.50 strike. The total cost received by the writing party (or parties) was $34.6K, with a price of $1730.0 per contract. There were 15210 open contracts at this strike prior to today, and today 135 contract(s) were bought and sold.
• Regarding ROKU (NASDAQ:ROKU), we observe a call option trade with bullish sentiment. It expires in 767 day(s) on January 15, 2027. Parties traded 30 contract(s) at a $120.00 strike. The total cost received by the writing party (or parties) was $48.9K, with a price of $1630.0 per contract. There were 1 open contracts at this strike prior to today, and today 115 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.
