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
SPCX PUT SWEEP BEARISH 07/17/26 $130.00 $28.0K 18.7K 9.8K
NFLX PUT SWEEP BEARISH 12/18/26 $75.00 $50.5K 5.1K 822
ECHO CALL SWEEP NEUTRAL 01/15/27 $150.00 $67.5K 7.8K 545
RDDT CALL SWEEP BEARISH 07/31/26 $190.00 $47.1K 157 162
GOOG PUT SWEEP BEARISH 07/31/26 $385.00 $101.7K 84 93
META PUT TRADE BEARISH 08/14/26 $670.00 $61.3K 110 39
LYV PUT SWEEP BEARISH 10/16/26 $180.00 $26.6K 54 23
GOOGL PUT TRADE BEARISH 01/21/28 $500.00 $71.2K 105 14

Explanation

These itemized elaborations have been created using the accompanying table.

• Regarding SPCX (NASDAQ:SPCX), we observe a put option sweep with bearish sentiment. It expires in 1 day(s) on July 17, 2026. Parties traded 165 contract(s) at a $130.00 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 $28.0K, with a price of $170.0 per contract. There were 18784 open contracts at this strike prior to today, and today 9843 contract(s) were bought and sold.

• Regarding NFLX (NASDAQ:NFLX), we observe a put option sweep with bearish sentiment. It expires in 155 day(s) on December 18, 2026. Parties traded 63 contract(s) at a $75.00 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 $50.5K, with a price of $803.0 per contract. There were 5125 open contracts at this strike prior to today, and today 822 contract(s) were bought and sold.

• For ECHO (NASDAQ:ECHO), we notice a call option sweep that happens to be neutral, expiring in 183 day(s) on January 15, 2027. This event was a transfer of 280 contract(s) at a $150.00 strike. This particular call needed to be split into 48 different trades to become filled. The total cost received by the writing party (or parties) was $67.5K, with a price of $240.0 per contract. There were 7824 open contracts at this strike prior to today, and today 545 contract(s) were bought and sold.

• For RDDT (NYSE:RDDT), we notice a call option sweep that happens to be bearish, expiring in 15 day(s) on July 31, 2026. This event was a transfer of 30 contract(s) at a $190.00 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 $47.1K, with a price of $1570.0 per contract. There were 157 open contracts at this strike prior to today, and today 162 contract(s) were bought and sold.

• For GOOG (NASDAQ:GOOG), we notice a put option sweep that happens to be bearish, expiring in 15 day(s) on July 31, 2026. This event was a transfer of 47 contract(s) at a $385.00 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 $101.7K, with a price of $2165.0 per contract. There were 84 open contracts at this strike prior to today, and today 93 contract(s) were bought and sold.

• For META (NASDAQ:META), we notice a put option trade that happens to be bearish, expiring in 29 day(s) on August 14, 2026. This event was a transfer of 15 contract(s) at a $670.00 strike. The total cost received by the writing party (or parties) was $61.3K, with a price of $4090.0 per contract. There were 110 open contracts at this strike prior to today, and today 39 contract(s) were bought and sold.

• Regarding LYV (NYSE:LYV), we observe a put option sweep with bearish sentiment. It expires in 92 day(s) on October 16, 2026. Parties traded 23 contract(s) at a $180.00 strike. This particular put needed to be split into 14 different trades to become filled. The total cost received by the writing party (or parties) was $26.6K, with a price of $1160.0 per contract. There were 54 open contracts at this strike prior to today, and today 23 contract(s) were bought and sold.

• Regarding GOOGL (NASDAQ:GOOGL), we observe a put option trade with bearish sentiment. It expires in 554 day(s) on January 21, 2028. Parties traded 5 contract(s) at a $500.00 strike. The total cost received by the writing party (or parties) was $71.2K, with a price of $14255.0 per contract. There were 105 open contracts at this strike prior to today, and today 14 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 news on unusual options activity.

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