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 Information Technology sector:
Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
---|---|---|---|---|---|---|---|---|
NVDA | CALL | SWEEP | BEARISH | 02/09/24 | $700.00 | $36.4K | 22.4K | 48.9K |
AMD | PUT | SWEEP | BULLISH | 02/09/24 | $160.00 | $28.6K | 10.2K | 13.2K |
SMCI | CALL | SWEEP | BULLISH | 02/09/24 | $700.00 | $55.0K | 2.5K | 6.2K |
PANW | CALL | SWEEP | BULLISH | 02/16/24 | $405.00 | $29.1K | 13 | 1.4K |
TSM | CALL | SWEEP | NEUTRAL | 02/16/24 | $110.00 | $132.5K | 6.2K | 1.2K |
KD | PUT | SWEEP | BULLISH | 03/15/24 | $20.00 | $50.1K | 82 | 1.0K |
AAPL | PUT | SWEEP | BULLISH | 04/19/24 | $190.00 | $64.8K | 11.0K | 565 |
AVGO | CALL | TRADE | BULLISH | 02/16/24 | $1275.00 | $34.5K | 114 | 561 |
DDOG | PUT | TRADE | BULLISH | 03/15/24 | $145.00 | $907.5K | 18 | 501 |
MSTR | PUT | SWEEP | BULLISH | 02/16/24 | $500.00 | $558.9K | 1.5K | 303 |
Explanation
These bullet-by-bullet explanations have been constructed using the accompanying table.
• Regarding NVDA NVDA, we observe a call option sweep with bearish sentiment. It expires in 2 day(s) on February 9, 2024. Parties traded 55 contract(s) at a $700.00 strike. This particular call needed to be split into 17 different trades to become filled. The total cost received by the writing party (or parties) was $36.4K, with a price of $650.0 per contract. There were 22486 open contracts at this strike prior to today, and today 48925 contract(s) were bought and sold.
• For AMD AMD, we notice a put option sweep that happens to be bullish, expiring in 2 day(s) on February 9, 2024. This event was a transfer of 1426 contract(s) at a $160.00 strike. This particular put needed to be split into 38 different trades to become filled. The total cost received by the writing party (or parties) was $28.6K, with a price of $20.0 per contract. There were 10279 open contracts at this strike prior to today, and today 13272 contract(s) were bought and sold.
• For SMCI SMCI, we notice a call option sweep that happens to be bullish, expiring in 2 day(s) on February 9, 2024. This event was a transfer of 36 contract(s) at a $700.00 strike. This particular call needed to be split into 12 different trades to become filled. The total cost received by the writing party (or parties) was $55.0K, with a price of $1530.0 per contract. There were 2518 open contracts at this strike prior to today, and today 6284 contract(s) were bought and sold.
• Regarding PANW PANW, we observe a call option sweep with bullish sentiment. It expires in 9 day(s) on February 16, 2024. Parties traded 561 contract(s) at a $405.00 strike. This particular call needed to be split into 60 different trades to become filled. The total cost received by the writing party (or parties) was $29.1K, with a price of $52.0 per contract. There were 13 open contracts at this strike prior to today, and today 1408 contract(s) were bought and sold.
• Regarding TSM TSM, we observe a call option sweep with neutral sentiment. It expires in 9 day(s) on February 16, 2024. Parties traded 100 contract(s) at a $110.00 strike. This particular call needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $132.5K, with a price of $1325.0 per contract. There were 6279 open contracts at this strike prior to today, and today 1297 contract(s) were bought and sold.
• Regarding KD KD, we observe a put option sweep with bullish sentiment. It expires in 37 day(s) on March 15, 2024. Parties traded 1000 contract(s) at a $20.00 strike. This particular put needed to be split into 36 different trades to become filled. The total cost received by the writing party (or parties) was $50.1K, with a price of $50.0 per contract. There were 82 open contracts at this strike prior to today, and today 1018 contract(s) were bought and sold.
• For AAPL AAPL, we notice a put option sweep that happens to be bullish, expiring in 72 day(s) on April 19, 2024. This event was a transfer of 108 contract(s) at a $190.00 strike. This particular put needed to be split into 10 different trades to become filled. The total cost received by the writing party (or parties) was $64.8K, with a price of $600.0 per contract. There were 11050 open contracts at this strike prior to today, and today 565 contract(s) were bought and sold.
• For AVGO AVGO, we notice a call option trade that happens to be bullish, expiring in 9 day(s) on February 16, 2024. This event was a transfer of 26 contract(s) at a $1275.00 strike. The total cost received by the writing party (or parties) was $34.5K, with a price of $1330.0 per contract. There were 114 open contracts at this strike prior to today, and today 561 contract(s) were bought and sold.
• Regarding DDOG DDOG, we observe a put option trade with bullish sentiment. It expires in 37 day(s) on March 15, 2024. Parties traded 500 contract(s) at a $145.00 strike. The total cost received by the writing party (or parties) was $907.5K, with a price of $1815.0 per contract. There were 18 open contracts at this strike prior to today, and today 501 contract(s) were bought and sold.
• Regarding MSTR MSTR, we observe a put option sweep with bullish sentiment. It expires in 9 day(s) on February 16, 2024. Parties traded 243 contract(s) at a $500.00 strike. This particular put needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $558.9K, with a price of $2300.0 per contract. There were 1593 open contracts at this strike prior to today, and today 303 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 news on unusual options activity.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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