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 |
|---|---|---|---|---|---|---|---|---|
| GOOGL | CALL | SWEEP | BEARISH | 11/11/22 | $89.00 | $57.8K | 4.2K | 7.8K |
| META | PUT | SWEEP | BULLISH | 01/20/23 | $100.00 | $134.0K | 11.0K | 7.7K |
| VZ | CALL | TRADE | BULLISH | 04/21/23 | $42.00 | $168.0K | 6.9K | 2.0K |
| GOOG | CALL | TRADE | BEARISH | 11/25/22 | $80.00 | $125.1K | 1.4K | 1.3K |
| PINS | CALL | SWEEP | BEARISH | 02/17/23 | $22.50 | $26.9K | 1.1K | 310 |
| DIS | CALL | TRADE | BULLISH | 01/20/23 | $85.00 | $38.5K | 391 | 200 |
| RBLX | PUT | SWEEP | BEARISH | 11/18/22 | $44.00 | $25.0K | 256 | 62 |
| TTWO | PUT | TRADE | BEARISH | 01/20/23 | $115.00 | $31.8K | 1.4K | 46 |
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 2 day(s) on November 11, 2022. This event was a transfer of 446 contract(s) at a $89.00 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 $57.8K, with a price of $129.0 per contract. There were 4238 open contracts at this strike prior to today, and today 7875 contract(s) were bought and sold.
• Regarding META (NASDAQ:META), we observe a put option sweep with bullish sentiment. It expires in 72 day(s) on January 20, 2023. Parties traded 200 contract(s) at a $100.00 strike. This particular put needed to be split into 21 different trades to become filled. The total cost received by the writing party (or parties) was $134.0K, with a price of $670.0 per contract. There were 11025 open contracts at this strike prior to today, and today 7758 contract(s) were bought and sold.
• Regarding VZ (NYSE:VZ), we observe a call option trade with bullish sentiment. It expires in 163 day(s) on April 21, 2023. Parties traded 2000 contract(s) at a $42.00 strike. The total cost received by the writing party (or parties) was $168.0K, with a price of $84.0 per contract. There were 6998 open contracts at this strike prior to today, and today 2012 contract(s) were bought and sold.
• For GOOG (NASDAQ:GOOG), we notice a call option trade that happens to be bearish, expiring in 16 day(s) on November 25, 2022. This event was a transfer of 136 contract(s) at a $80.00 strike. The total cost received by the writing party (or parties) was $125.1K, with a price of $920.0 per contract. There were 1450 open contracts at this strike prior to today, and today 1387 contract(s) were bought and sold.
• Regarding PINS (NYSE:PINS), we observe a call option sweep with bearish sentiment. It expires in 100 day(s) on February 17, 2023. Parties traded 98 contract(s) at a $22.50 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 $26.9K, with a price of $275.0 per contract. There were 1185 open contracts at this strike prior to today, and today 310 contract(s) were bought and sold.
• Regarding DIS (NYSE:DIS), we observe a call option trade with bullish sentiment. It expires in 72 day(s) on January 20, 2023. Parties traded 50 contract(s) at a $85.00 strike. The total cost received by the writing party (or parties) was $38.5K, with a price of $770.0 per contract. There were 391 open contracts at this strike prior to today, and today 200 contract(s) were bought and sold.
• For RBLX (NYSE:RBLX), we notice a put option sweep that happens to be bearish, expiring in 9 day(s) on November 18, 2022. This event was a transfer of 21 contract(s) at a $44.00 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 $25.0K, with a price of $1195.0 per contract. There were 256 open contracts at this strike prior to today, and today 62 contract(s) were bought and sold.
• Regarding TTWO (NASDAQ:TTWO), we observe a put option trade with bearish sentiment. It expires in 72 day(s) on January 20, 2023. Parties traded 15 contract(s) at a $115.00 strike. The total cost received by the writing party (or parties) was $31.8K, with a price of $2120.0 per contract. There were 1403 open contracts at this strike prior to today, and today 46 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.
