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
BIDU PUT TRADE BEARISH 01/15/27 $65.00 $27.6K 534 249
GOOGL CALL TRADE BULLISH 12/18/26 $335.00 $41.8K 1.2K 59
META PUT SWEEP BEARISH 12/18/26 $470.00 $28.9K 799 21
APP PUT TRADE BEARISH 01/15/27 $710.00 $87.2K 76 3

Explanation

These bullet-by-bullet explanations have been constructed using the accompanying table.

• Regarding BIDU (NASDAQ:BIDU), we observe a put option trade with bearish sentiment. It expires in 115 day(s) on January 15, 2027. Parties traded 199 contract(s) at a $65.00 strike. The total cost received by the writing party (or parties) was $27.6K, with a price of $139.0 per contract. There were 534 open contracts at this strike prior to today, and today 249 contract(s) were bought and sold.

• For GOOGL (NASDAQ:GOOGL), we notice a call option trade that happens to be bullish, expiring in 87 day(s) on December 18, 2026. This event was a transfer of 10 contract(s) at a $335.00 strike. The total cost received by the writing party (or parties) was $41.8K, with a price of $4183.0 per contract. There were 1204 open contracts at this strike prior to today, and today 59 contract(s) were bought and sold.

• For META (NASDAQ:META), we notice a put option sweep that happens to be bearish, expiring in 87 day(s) on December 18, 2026. This event was a transfer of 20 contract(s) at a $470.00 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 $28.9K, with a price of $1450.0 per contract. There were 799 open contracts at this strike prior to today, and today 21 contract(s) were bought and sold.

• Regarding APP (NASDAQ:APP), we observe a put option trade with bearish sentiment. It expires in 115 day(s) on January 15, 2027. Parties traded 3 contract(s) at a $710.00 strike. The total cost received by the writing party (or parties) was $87.2K, with a price of $29070.0 per contract. There were 76 open contracts at this strike prior to today, and today 3 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, read more about unusual options activity.

This article was generated by Benzinga's automated content engine and reviewed by an editor.