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 07/24/26 $120.00 $34.1K 9.3K 12.4K
NFLX CALL TRADE BEARISH 08/21/26 $68.00 $46.4K 2.3K 1.9K
BIDU CALL SWEEP BEARISH 10/16/26 $130.00 $108.9K 1.5K 1.4K
GOOG PUT TRADE BULLISH 08/21/26 $280.00 $29.5K 2.3K 582
GOOGL PUT TRADE BEARISH 08/21/26 $337.50 $52.5K 34 236
RBLX CALL TRADE BEARISH 08/07/26 $50.00 $44.5K 116 100
ECHO PUT SWEEP BEARISH 08/07/26 $91.00 $30.4K 5 76
SPOT CALL TRADE BEARISH 08/07/26 $480.00 $40.6K 36 65

Explanation

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

• Regarding SPCX (NASDAQ:SPCX), we observe a put option sweep with bearish sentiment. It expires in 2 day(s) on July 24, 2026. Parties traded 101 contract(s) at a $120.00 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 $34.1K, with a price of $330.0 per contract. There were 9340 open contracts at this strike prior to today, and today 12478 contract(s) were bought and sold.

• For NFLX (NASDAQ:NFLX), we notice a call option trade that happens to be bearish, expiring in 30 day(s) on August 21, 2026. This event was a transfer of 129 contract(s) at a $68.00 strike. The total cost received by the writing party (or parties) was $46.4K, with a price of $360.0 per contract. There were 2353 open contracts at this strike prior to today, and today 1920 contract(s) were bought and sold.

• For BIDU (NASDAQ:BIDU), we notice a call option sweep that happens to be bearish, expiring in 86 day(s) on October 16, 2026. This event was a transfer of 242 contract(s) at a $130.00 strike. This particular call needed to be split into 37 different trades to become filled. The total cost received by the writing party (or parties) was $108.9K, with a price of $450.0 per contract. There were 1558 open contracts at this strike prior to today, and today 1456 contract(s) were bought and sold.

• For GOOG (NASDAQ:GOOG), we notice a put option trade that happens to be bullish, expiring in 30 day(s) on August 21, 2026. This event was a transfer of 500 contract(s) at a $280.00 strike. The total cost received by the writing party (or parties) was $29.5K, with a price of $59.0 per contract. There were 2360 open contracts at this strike prior to today, and today 582 contract(s) were bought and sold.

• Regarding GOOGL (NASDAQ:GOOGL), we observe a put option trade with bearish sentiment. It expires in 30 day(s) on August 21, 2026. Parties traded 51 contract(s) at a $337.50 strike. The total cost received by the writing party (or parties) was $52.5K, with a price of $1030.0 per contract. There were 34 open contracts at this strike prior to today, and today 236 contract(s) were bought and sold.

• Regarding RBLX (NYSE:RBLX), we observe a call option trade with bearish sentiment. It expires in 16 day(s) on August 7, 2026. Parties traded 99 contract(s) at a $50.00 strike. The total cost received by the writing party (or parties) was $44.5K, with a price of $450.0 per contract. There were 116 open contracts at this strike prior to today, and today 100 contract(s) were bought and sold.

• For ECHO (NASDAQ:ECHO), we notice a put option sweep that happens to be bearish, expiring in 16 day(s) on August 7, 2026. This event was a transfer of 76 contract(s) at a $91.00 strike. This particular put needed to be split into 24 different trades to become filled. The total cost received by the writing party (or parties) was $30.4K, with a price of $400.0 per contract. There were 5 open contracts at this strike prior to today, and today 76 contract(s) were bought and sold.

• Regarding SPOT (NYSE:SPOT), we observe a call option trade with bearish sentiment. It expires in 16 day(s) on August 7, 2026. Parties traded 15 contract(s) at a $480.00 strike. The total cost received by the writing party (or parties) was $40.6K, with a price of $2710.0 per contract. There were 36 open contracts at this strike prior to today, and today 65 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.