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 | 02/16/24 | $715.00 | $166.8K | 3.0K | 18.2K |
MSFT | CALL | SWEEP | BEARISH | 02/09/24 | $415.00 | $84.3K | 8.3K | 10.7K |
RIOT | CALL | SWEEP | BULLISH | 02/16/24 | $14.00 | $31.6K | 4.3K | 9.9K |
INTC | PUT | TRADE | BULLISH | 02/16/24 | $41.00 | $64.0K | 14.4K | 8.5K |
PLTR | CALL | SWEEP | BULLISH | 09/20/24 | $32.00 | $42.9K | 50 | 6.7K |
MARA | CALL | SWEEP | BEARISH | 02/16/24 | $22.00 | $30.0K | 8.8K | 5.8K |
AI | CALL | SWEEP | BEARISH | 02/09/24 | $25.50 | $39.9K | 5.0K | 3.7K |
HCP | CALL | SWEEP | BULLISH | 02/16/24 | $25.00 | $33.5K | 4.4K | 3.6K |
ARM | CALL | SWEEP | BEARISH | 02/09/24 | $111.00 | $69.0K | 147 | 3.5K |
MSTR | CALL | TRADE | BEARISH | 02/16/24 | $600.00 | $27.8K | 2.9K | 2.9K |
Explanation
These itemized elaborations have been created using the accompanying table.
• Regarding NVDA NVDA, we observe a call option trade with bullish sentiment. It expires in 7 day(s) on February 16, 2024. Parties traded 100 contract(s) at a $715.00 strike. The total cost received by the writing party (or parties) was $166.8K, with a price of $1668.0 per contract. There were 3026 open contracts at this strike prior to today, and today 18231 contract(s) were bought and sold.
• For MSFT MSFT, we notice a call option sweep that happens to be bearish, is expiring today. Parties traded 194 contract(s) at a $415.00 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 $84.3K, with a price of $435.0 per contract. There were 8341 open contracts at this strike prior to today, and today 10766 contract(s) were bought and sold.
• Regarding RIOT RIOT, we observe a call option sweep with bullish sentiment. It expires in 7 day(s) on February 16, 2024. Parties traded 301 contract(s) at a $14.00 strike. This particular call needed to be split into 11 different trades to become filled. The total cost received by the writing party (or parties) was $31.6K, with a price of $105.0 per contract. There were 4350 open contracts at this strike prior to today, and today 9982 contract(s) were bought and sold.
• Regarding INTC INTC, we observe a put option trade with bullish sentiment. It expires in 7 day(s) on February 16, 2024. Parties traded 8000 contract(s) at a $41.00 strike. The total cost received by the writing party (or parties) was $64.0K, with a price of $8.0 per contract. There were 14462 open contracts at this strike prior to today, and today 8590 contract(s) were bought and sold.
• Regarding PLTR PLTR, we observe a call option sweep with bullish sentiment. It expires in 224 day(s) on September 20, 2024. Parties traded 169 contract(s) at a $32.00 strike. This particular call needed to be split into 16 different trades to become filled. The total cost received by the writing party (or parties) was $42.9K, with a price of $254.0 per contract. There were 50 open contracts at this strike prior to today, and today 6797 contract(s) were bought and sold.
• Regarding MARA MARA, we observe a call option sweep with bearish sentiment. It expires in 7 day(s) on February 16, 2024. Parties traded 120 contract(s) at a $22.00 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 $30.0K, with a price of $250.0 per contract. There were 8875 open contracts at this strike prior to today, and today 5898 contract(s) were bought and sold.
• For AI AI, we notice a call option sweep that happens to be bearish, is expiring today. Parties traded 111 contract(s) at a $25.50 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 $39.9K, with a price of $360.0 per contract. There were 5066 open contracts at this strike prior to today, and today 3750 contract(s) were bought and sold.
• Regarding HCP HCP, we observe a call option sweep with bullish sentiment. It expires in 7 day(s) on February 16, 2024. Parties traded 746 contract(s) at a $25.00 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 $33.5K, with a price of $45.0 per contract. There were 4483 open contracts at this strike prior to today, and today 3608 contract(s) were bought and sold.
• For ARM ARM, we notice a call option sweep that happens to be bearish, is expiring today. Parties traded 200 contract(s) at a $111.00 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 $69.0K, with a price of $345.0 per contract. There were 147 open contracts at this strike prior to today, and today 3589 contract(s) were bought and sold.
• For MSTR MSTR, we notice a call option trade that happens to be bearish, expiring in 7 day(s) on February 16, 2024. This event was a transfer of 5 contract(s) at a $600.00 strike. The total cost received by the writing party (or parties) was $27.8K, with a price of $5561.0 per contract. There were 2956 open contracts at this strike prior to today, and today 2984 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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