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 03/15/24 $900.00 $47.1K 22.1K 60.3K
AMD CALL SWEEP BEARISH 03/15/24 $197.50 $28.8K 4.3K 21.2K
SMCI CALL SWEEP BEARISH 03/15/24 $1200.00 $77.6K 5.6K 7.6K
SOUN CALL TRADE BEARISH 07/19/24 $8.00 $34.8K 2.6K 2.1K
CORZ CALL SWEEP BULLISH 01/17/25 $7.00 $32.0K 4.1K 1.6K
INTC PUT SWEEP BEARISH 01/17/25 $40.00 $31.0K 16.7K 1.5K
MARA CALL TRADE BEARISH 01/17/25 $30.00 $68.7K 13.2K 1.2K
PANW PUT SWEEP BEARISH 03/21/25 $230.00 $172.7K 53 989
AI PUT TRADE BULLISH 10/18/24 $20.00 $145.6K 7 800
TSM CALL SWEEP BULLISH 04/19/24 $145.00 $26.2K 11.7K 773

Explanation

These itemized elaborations have been created using the accompanying table.

• For NVDA NVDA, we notice a call option trade that happens to be bullish, expiring in 2 day(s) on March 15, 2024. This event was a transfer of 22 contract(s) at a $900.00 strike. The total cost received by the writing party (or parties) was $47.1K, with a price of $2145.0 per contract. There were 22177 open contracts at this strike prior to today, and today 60377 contract(s) were bought and sold.

• For AMD AMD, we notice a call option sweep that happens to be bearish, expiring in 2 day(s) on March 15, 2024. This event was a transfer of 97 contract(s) at a $197.50 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 $28.8K, with a price of $297.0 per contract. There were 4399 open contracts at this strike prior to today, and today 21249 contract(s) were bought and sold.

• For SMCI SMCI, we notice a call option sweep that happens to be bearish, expiring in 2 day(s) on March 15, 2024. This event was a transfer of 26 contract(s) at a $1200.00 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 $77.6K, with a price of $2970.0 per contract. There were 5685 open contracts at this strike prior to today, and today 7694 contract(s) were bought and sold.

• Regarding SOUN SOUN, we observe a call option trade with bearish sentiment. It expires in 128 day(s) on July 19, 2024. Parties traded 162 contract(s) at a $8.00 strike. The total cost received by the writing party (or parties) was $34.8K, with a price of $215.0 per contract. There were 2604 open contracts at this strike prior to today, and today 2121 contract(s) were bought and sold.

• For CORZ CORZ, we notice a call option sweep that happens to be bullish, expiring in 310 day(s) on January 17, 2025. This event was a transfer of 400 contract(s) at a $7.00 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 $32.0K, with a price of $80.0 per contract. There were 4168 open contracts at this strike prior to today, and today 1652 contract(s) were bought and sold.

• Regarding INTC INTC, we observe a put option sweep with bearish sentiment. It expires in 310 day(s) on January 17, 2025. Parties traded 85 contract(s) at a $40.00 strike. This particular put needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was $31.0K, with a price of $365.0 per contract. There were 16738 open contracts at this strike prior to today, and today 1512 contract(s) were bought and sold.

• For MARA MARA, we notice a call option trade that happens to be bearish, expiring in 310 day(s) on January 17, 2025. This event was a transfer of 100 contract(s) at a $30.00 strike. The total cost received by the writing party (or parties) was $68.7K, with a price of $687.0 per contract. There were 13277 open contracts at this strike prior to today, and today 1267 contract(s) were bought and sold.

• For PANW PANW, we notice a put option sweep that happens to be bearish, expiring in 373 day(s) on March 21, 2025. This event was a transfer of 110 contract(s) at a $230.00 strike. This particular put needed to be split into 19 different trades to become filled. The total cost received by the writing party (or parties) was $172.7K, with a price of $1570.0 per contract. There were 53 open contracts at this strike prior to today, and today 989 contract(s) were bought and sold.

• Regarding AI AI, we observe a put option trade with bullish sentiment. It expires in 219 day(s) on October 18, 2024. Parties traded 800 contract(s) at a $20.00 strike. The total cost received by the writing party (or parties) was $145.6K, with a price of $182.0 per contract. There were 7 open contracts at this strike prior to today, and today 800 contract(s) were bought and sold.

• For TSM TSM, we notice a call option sweep that happens to be bullish, expiring in 37 day(s) on April 19, 2024. This event was a transfer of 35 contract(s) at a $145.00 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 $26.2K, with a price of $749.0 per contract. There were 11797 open contracts at this strike prior to today, and today 773 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.

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