10 Information Technology Stocks Whale Activity In Today's Session

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 Information Technology sector:

Explanation

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

• For NVDA NVDA, we notice a call option trade that happens to be bullish, is expiring today. Parties traded 65 contract(s) at a $585.00 strike. The total cost received by the writing party (or parties) was $31.5K, with a price of $485.0 per contract. There were 7971 open contracts at this strike prior to today, and today 60408 contract(s) were bought and sold.

• For AMD AMD, we notice a put option sweep that happens to be bearish, is expiring today. Parties traded 648 contract(s) at a $167.50 strike. This particular put needed to be split into 48 different trades to become filled. The total cost received by the writing party (or parties) was $27.8K, with a price of $43.0 per contract. There were 5255 open contracts at this strike prior to today, and today 44830 contract(s) were bought and sold.

• For CSCO CSCO, we notice a call option sweep that happens to be bullish, expiring in 28 day(s) on February 16, 2024. This event was a transfer of 414 contract(s) at a $52.50 strike. This particular call needed to be split into 24 different trades to become filled. The total cost received by the writing party (or parties) was $37.2K, with a price of $90.0 per contract. There were 16201 open contracts at this strike prior to today, and today 16778 contract(s) were bought and sold.

• For MSFT MSFT, we notice a call option sweep that happens to be bullish, expiring in 7 day(s) on January 26, 2024. This event was a transfer of 500 contract(s) at a $405.00 strike. This particular call needed to be split into 28 different trades to become filled. The total cost received by the writing party (or parties) was $53.8K, with a price of $108.0 per contract. There were 6482 open contracts at this strike prior to today, and today 8743 contract(s) were bought and sold.

• For SMCI SMCI, we notice a put option sweep that happens to be bullish, is expiring today. Parties traded 683 contract(s) at a $400.00 strike. This particular put needed to be split into 76 different trades to become filled. The total cost received by the writing party (or parties) was $75.1K, with a price of $110.0 per contract. There were 0 open contracts at this strike prior to today, and today 8608 contract(s) were bought and sold.

• For MRVL MRVL, we notice a call option trade that happens to be bearish, is expiring today. Parties traded 252 contract(s) at a $69.00 strike. The total cost received by the writing party (or parties) was $25.7K, with a price of $102.0 per contract. There were 2082 open contracts at this strike prior to today, and today 3302 contract(s) were bought and sold.

• For INTC INTC, we notice a call option sweep that happens to be bearish, expiring in 14 day(s) on February 2, 2024. This event was a transfer of 217 contract(s) at a $50.00 strike. This particular call needed to be split into 10 different trades to become filled. The total cost received by the writing party (or parties) was $25.8K, with a price of $119.0 per contract. There were 7456 open contracts at this strike prior to today, and today 1515 contract(s) were bought and sold.

• Regarding AAPL AAPL, we observe a call option sweep with bullish sentiment. It expires in 14 day(s) on February 2, 2024. Parties traded 55 contract(s) at a $185.00 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 $42.0K, with a price of $765.0 per contract. There were 10242 open contracts at this strike prior to today, and today 1130 contract(s) were bought and sold.

• For MCHP MCHP, we notice a call option sweep that happens to be bullish, is expiring today. Parties traded 992 contract(s) at a $87.50 strike. This particular call needed to be split into 30 different trades to become filled. The total cost received by the writing party (or parties) was $74.4K, with a price of $75.0 per contract. There were 1833 open contracts at this strike prior to today, and today 1042 contract(s) were bought and sold.

• For MARA MARA, we notice a call option sweep that happens to be neutral, expiring in 91 day(s) on April 19, 2024. This event was a transfer of 200 contract(s) at a $20.00 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 $37.6K, with a price of $188.0 per contract. There were 6685 open contracts at this strike prior to today, and today 849 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.