Communication Services Stocks See Unusual Trading Activity

Whales are entities that hold large sums of money and their transactions can provide valuable insights for traders. According to Benzinga's options activity scanner, several communication services stocks have seen unusual trading activity today.

The first stock is Alphabet Inc.'s Class C shares (GOOGL), which saw a put option trade with bullish sentiment. The trade involved 41 contracts at a $215 strike price and had an expiration date of January 15, 2027. The total cost received by the writing party was $79.7K.

Another stock that caught attention is ASTS Inc. (ASTS), which saw a call option trade with bullish sentiment. This trade involved 15 contracts at a $75 strike price and had an expiration date of January 15, 2027. The total cost received by the writing party was $63K.

Other notable trades include APP (APP) and SPOT Inc. (SPOT), which saw put and call option trades respectively with neutral and bullish sentiment.