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 | TRADE | BULLISH | 02/09/24 | $705.00 | $60.0K | 4.7K | 35.2K |
AAPL | CALL | SWEEP | BULLISH | 02/16/24 | $190.00 | $32.8K | 42.0K | 23.6K |
MARA | CALL | SWEEP | BEARISH | 02/16/24 | $20.50 | $27.6K | 1.0K | 6.0K |
MSFT | CALL | TRADE | BULLISH | 02/16/24 | $415.00 | $35.6K | 10.2K | 4.9K |
ARM | PUT | TRADE | BULLISH | 02/09/24 | $115.00 | $25.0K | 0 | 4.6K |
TSM | CALL | SWEEP | BEARISH | 06/21/24 | $135.00 | $29.1K | 1.7K | 2.0K |
AVGO | CALL | SWEEP | BEARISH | 02/16/24 | $1300.00 | $34.0K | 1.6K | 1.9K |
QCOM | CALL | SWEEP | BULLISH | 03/15/24 | $135.00 | $100.4K | 11.3K | 1.8K |
CRWD | CALL | SWEEP | BEARISH | 03/15/24 | $420.00 | $173.9K | 1.7K | 1.4K |
SMCI | CALL | SWEEP | BEARISH | 02/09/24 | $730.00 | $45.9K | 749 | 1.1K |
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, expiring in 1 day(s) on February 9, 2024. This event was a transfer of 100 contract(s) at a $705.00 strike. The total cost received by the writing party (or parties) was $60.0K, with a price of $600.0 per contract. There were 4726 open contracts at this strike prior to today, and today 35260 contract(s) were bought and sold.
• For AAPL AAPL, we notice a call option sweep that happens to be bullish, expiring in 8 day(s) on February 16, 2024. This event was a transfer of 210 contract(s) at a $190.00 strike. This particular call needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $32.8K, with a price of $157.0 per contract. There were 42051 open contracts at this strike prior to today, and today 23615 contract(s) were bought and sold.
• For MARA MARA, we notice a call option sweep that happens to be bearish, expiring in 8 day(s) on February 16, 2024. This event was a transfer of 200 contract(s) at a $20.50 strike. This particular call needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was $27.6K, with a price of $139.0 per contract. There were 1099 open contracts at this strike prior to today, and today 6099 contract(s) were bought and sold.
• For MSFT MSFT, we notice a call option trade that happens to be bullish, expiring in 8 day(s) on February 16, 2024. This event was a transfer of 96 contract(s) at a $415.00 strike. The total cost received by the writing party (or parties) was $35.6K, with a price of $371.0 per contract. There were 10291 open contracts at this strike prior to today, and today 4968 contract(s) were bought and sold.
• Regarding ARM ARM, we observe a put option trade with bullish sentiment. It expires in 1 day(s) on February 9, 2024. Parties traded 100 contract(s) at a $115.00 strike. The total cost received by the writing party (or parties) was $25.0K, with a price of $251.0 per contract. There were 0 open contracts at this strike prior to today, and today 4615 contract(s) were bought and sold.
• For TSM TSM, we notice a call option sweep that happens to be bearish, expiring in 134 day(s) on June 21, 2024. This event was a transfer of 32 contract(s) at a $135.00 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $29.1K, with a price of $910.0 per contract. There were 1757 open contracts at this strike prior to today, and today 2039 contract(s) were bought and sold.
• For AVGO AVGO, we notice a call option sweep that happens to be bearish, expiring in 8 day(s) on February 16, 2024. This event was a transfer of 15 contract(s) at a $1300.00 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 $34.0K, with a price of $2270.0 per contract. There were 1690 open contracts at this strike prior to today, and today 1959 contract(s) were bought and sold.
• For QCOM QCOM, we notice a call option sweep that happens to be bullish, expiring in 36 day(s) on March 15, 2024. This event was a transfer of 70 contract(s) at a $135.00 strike. This particular call needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $100.4K, with a price of $1436.0 per contract. There were 11369 open contracts at this strike prior to today, and today 1806 contract(s) were bought and sold.
• For CRWD CRWD, we notice a call option sweep that happens to be bearish, expiring in 36 day(s) on March 15, 2024. This event was a transfer of 1000 contract(s) at a $420.00 strike. This particular call needed to be split into 66 different trades to become filled. The total cost received by the writing party (or parties) was $173.9K, with a price of $171.0 per contract. There were 1703 open contracts at this strike prior to today, and today 1470 contract(s) were bought and sold.
• For SMCI SMCI, we notice a call option sweep that happens to be bearish, expiring in 1 day(s) on February 9, 2024. This event was a transfer of 100 contract(s) at a $730.00 strike. This particular call needed to be split into 20 different trades to become filled. The total cost received by the writing party (or parties) was $45.9K, with a price of $460.0 per contract. There were 749 open contracts at this strike prior to today, and today 1109 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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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