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 | BULLISH | 03/01/24 | $820.00 | $38.2K | 10.4K | 91.7K |
AAPL | CALL | SWEEP | BULLISH | 03/08/24 | $180.00 | $34.1K | 8.1K | 50.2K |
AMD | CALL | SWEEP | BEARISH | 03/15/24 | $200.00 | $89.9K | 17.4K | 18.9K |
DELL | CALL | TRADE | BULLISH | 03/08/24 | $120.00 | $25.2K | 149 | 7.7K |
OKTA | CALL | SWEEP | BEARISH | 03/15/24 | $110.00 | $34.8K | 2.2K | 4.3K |
MARA | CALL | TRADE | BEARISH | 03/08/24 | $27.00 | $37.6K | 3.4K | 3.4K |
ZS | CALL | TRADE | BEARISH | 09/20/24 | $300.00 | $130.6K | 1.4K | 3.4K |
TSM | CALL | SWEEP | BEARISH | 04/19/24 | $135.00 | $234.0K | 10.0K | 2.3K |
PANW | CALL | SWEEP | BEARISH | 09/20/24 | $380.00 | $91.4K | 935 | 1.5K |
CRM | CALL | SWEEP | BEARISH | 03/15/24 | $320.00 | $33.8K | 2.6K | 1.4K |
Explanation
These bullet-by-bullet explanations have been constructed using the accompanying table.
• For NVDA NVDA, we notice a call option sweep that happens to be bullish, is expiring today. Parties traded 158 contract(s) at a $820.00 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 $38.2K, with a price of $256.0 per contract. There were 10424 open contracts at this strike prior to today, and today 91747 contract(s) were bought and sold.
• For AAPL AAPL, we notice a call option sweep that happens to be bullish, expiring in 7 day(s) on March 8, 2024. This event was a transfer of 263 contract(s) at a $180.00 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 $34.1K, with a price of $130.0 per contract. There were 8132 open contracts at this strike prior to today, and today 50226 contract(s) were bought and sold.
• Regarding AMD AMD, we observe a call option sweep with bearish sentiment. It expires in 14 day(s) on March 15, 2024. Parties traded 104 contract(s) at a $200.00 strike. This particular call needed to be split into 15 different trades to become filled. The total cost received by the writing party (or parties) was $89.9K, with a price of $865.0 per contract. There were 17403 open contracts at this strike prior to today, and today 18985 contract(s) were bought and sold.
• Regarding DELL DELL, we observe a call option trade with bullish sentiment. It expires in 7 day(s) on March 8, 2024. Parties traded 50 contract(s) at a $120.00 strike. The total cost received by the writing party (or parties) was $25.2K, with a price of $506.0 per contract. There were 149 open contracts at this strike prior to today, and today 7781 contract(s) were bought and sold.
• Regarding OKTA OKTA, we observe a call option sweep with bearish sentiment. It expires in 14 day(s) on March 15, 2024. Parties traded 129 contract(s) at a $110.00 strike. This particular call needed to be split into 40 different trades to become filled. The total cost received by the writing party (or parties) was $34.8K, with a price of $269.0 per contract. There were 2202 open contracts at this strike prior to today, and today 4392 contract(s) were bought and sold.
• Regarding MARA MARA, we observe a call option trade with bearish sentiment. It expires in 7 day(s) on March 8, 2024. Parties traded 190 contract(s) at a $27.00 strike. The total cost received by the writing party (or parties) was $37.6K, with a price of $198.0 per contract. There were 3431 open contracts at this strike prior to today, and today 3488 contract(s) were bought and sold.
• Regarding ZS ZS, we observe a call option trade with bearish sentiment. It expires in 203 day(s) on September 20, 2024. Parties traded 134 contract(s) at a $300.00 strike. The total cost received by the writing party (or parties) was $130.6K, with a price of $975.0 per contract. There were 1431 open contracts at this strike prior to today, and today 3417 contract(s) were bought and sold.
• Regarding TSM TSM, we observe a call option sweep with bearish sentiment. It expires in 49 day(s) on April 19, 2024. Parties traded 312 contract(s) at a $135.00 strike. This particular call needed to be split into 26 different trades to become filled. The total cost received by the writing party (or parties) was $234.0K, with a price of $750.0 per contract. There were 10087 open contracts at this strike prior to today, and today 2306 contract(s) were bought and sold.
• For PANW PANW, we notice a call option sweep that happens to be bearish, expiring in 203 day(s) on September 20, 2024. This event was a transfer of 59 contract(s) at a $380.00 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 $91.4K, with a price of $1550.0 per contract. There were 935 open contracts at this strike prior to today, and today 1560 contract(s) were bought and sold.
• Regarding CRM CRM, we observe a call option sweep with bearish sentiment. It expires in 14 day(s) on March 15, 2024. Parties traded 67 contract(s) at a $320.00 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 $33.8K, with a price of $510.0 per contract. There were 2606 open contracts at this strike prior to today, and today 1453 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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