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 |
|---|---|---|---|---|---|---|---|---|
| META | CALL | SWEEP | BEARISH | 07/29/22 | $170.00 | $55.4K | 3.0K | 5.6K |
| GOOGL | PUT | TRADE | BEARISH | 07/29/22 | $107.50 | $38.0K | 1.7K | 4.4K |
| RBLX | CALL | SWEEP | BEARISH | 07/29/22 | $41.00 | $29.2K | 2.0K | 2.3K |
| SNAP | CALL | TRADE | BEARISH | 09/16/22 | $11.00 | $53.6K | 264 | 1.9K |
| YELP | PUT | SWEEP | BEARISH | 09/16/22 | $29.00 | $28.5K | 3 | 1.9K |
| NTES | CALL | SWEEP | BEARISH | 09/16/22 | $95.00 | $42.0K | 631 | 1.5K |
| AMC | CALL | SWEEP | BEARISH | 12/16/22 | $24.00 | $57.9K | 655 | 971 |
| TWTR | CALL | SWEEP | BEARISH | 01/20/23 | $45.00 | $44.6K | 55.0K | 560 |
| GOOG | CALL | TRADE | BEARISH | 07/29/22 | $108.50 | $30.6K | 49 | 334 |
| VZ | PUT | SWEEP | BEARISH | 01/20/23 | $45.00 | $28.0K | 31.6K | 251 |
Explanation
These bullet-by-bullet explanations have been constructed using the accompanying table.
• For META (NASDAQ:META), we notice a call option sweep that happens to be bearish, expiring in 4 day(s) on July 29, 2022. This event was a transfer of 70 contract(s) at a $170.00 strike. This particular call needed to be split into 12 different trades to become filled. The total cost received by the writing party (or parties) was $55.4K, with a price of $793.0 per contract. There were 3079 open contracts at this strike prior to today, and today 5679 contract(s) were bought and sold.
• For GOOGL (NASDAQ:GOOGL), we notice a put option trade that happens to be bearish, expiring in 4 day(s) on July 29, 2022. This event was a transfer of 100 contract(s) at a $107.50 strike. The total cost received by the writing party (or parties) was $38.0K, with a price of $380.0 per contract. There were 1705 open contracts at this strike prior to today, and today 4481 contract(s) were bought and sold.
• Regarding RBLX (NYSE:RBLX), we observe a call option sweep with bearish sentiment. It expires in 4 day(s) on July 29, 2022. Parties traded 250 contract(s) at a $41.00 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 $29.2K, with a price of $117.0 per contract. There were 2080 open contracts at this strike prior to today, and today 2396 contract(s) were bought and sold.
• For SNAP (NYSE:SNAP), we notice a call option trade that happens to be bearish, expiring in 53 day(s) on September 16, 2022. This event was a transfer of 688 contract(s) at a $11.00 strike. The total cost received by the writing party (or parties) was $53.6K, with a price of $78.0 per contract. There were 264 open contracts at this strike prior to today, and today 1964 contract(s) were bought and sold.
• Regarding YELP (NYSE:YELP), we observe a put option sweep with bearish sentiment. It expires in 53 day(s) on September 16, 2022. Parties traded 163 contract(s) at a $29.00 strike. This particular put needed to be split into 13 different trades to become filled. The total cost received by the writing party (or parties) was $28.5K, with a price of $175.0 per contract. There were 3 open contracts at this strike prior to today, and today 1962 contract(s) were bought and sold.
• Regarding NTES (NASDAQ:NTES), we observe a call option sweep with bearish sentiment. It expires in 53 day(s) on September 16, 2022. Parties traded 50 contract(s) at a $95.00 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 $42.0K, with a price of $840.0 per contract. There were 631 open contracts at this strike prior to today, and today 1572 contract(s) were bought and sold.
• Regarding AMC (NYSE:AMC), we observe a call option sweep with bearish sentiment. It expires in 144 day(s) on December 16, 2022. Parties traded 300 contract(s) at a $24.00 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 $57.9K, with a price of $193.0 per contract. There were 655 open contracts at this strike prior to today, and today 971 contract(s) were bought and sold.
• Regarding TWTR (NYSE:TWTR), we observe a call option sweep with bearish sentiment. It expires in 179 day(s) on January 20, 2023. Parties traded 116 contract(s) at a $45.00 strike. This particular call needed to be split into 18 different trades to become filled. The total cost received by the writing party (or parties) was $44.6K, with a price of $385.0 per contract. There were 55084 open contracts at this strike prior to today, and today 560 contract(s) were bought and sold.
• For GOOG (NASDAQ:GOOG), we notice a call option trade that happens to be bearish, expiring in 4 day(s) on July 29, 2022. This event was a transfer of 90 contract(s) at a $108.50 strike. The total cost received by the writing party (or parties) was $30.6K, with a price of $340.0 per contract. There were 49 open contracts at this strike prior to today, and today 334 contract(s) were bought and sold.
• For VZ (NYSE:VZ), we notice a put option sweep that happens to be bearish, expiring in 179 day(s) on January 20, 2023. This event was a transfer of 92 contract(s) at a $45.00 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 $28.0K, with a price of $305.0 per contract. There were 31618 open contracts at this strike prior to today, and today 251 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.
