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 often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming 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 | 05/10/24 | $900.00 | $82.0K | 11.2K | 56.1K |
AAPL | CALL | SWEEP | BULLISH | 05/10/24 | $182.50 | $62.2K | 30.8K | 47.8K |
AMD | PUT | SWEEP | BEARISH | 05/10/24 | $150.00 | $27.4K | 8.1K | 32.8K |
INTC | PUT | SWEEP | BEARISH | 06/21/24 | $30.00 | $81.7K | 22.7K | 2.9K |
CFLT | CALL | SWEEP | BULLISH | 05/17/24 | $31.00 | $59.2K | 1.6K | 2.5K |
MSFT | CALL | TRADE | BULLISH | 05/10/24 | $405.00 | $71.5K | 3.3K | 2.1K |
ARM | PUT | TRADE | NEUTRAL | 06/21/24 | $100.00 | $25.0K | 2.8K | 794 |
TSM | PUT | SWEEP | BEARISH | 06/20/25 | $105.00 | $44.3K | 1.2K | 702 |
QCOM | PUT | SWEEP | BULLISH | 07/19/24 | $165.00 | $47.6K | 2.0K | 546 |
PLTR | CALL | SWEEP | BEARISH | 10/18/24 | $22.00 | $65.7K | 574 | 517 |
Explanation
These bullet-by-bullet explanations have been constructed using the accompanying table.
• Regarding NVDA NVDA, we observe a call option sweep with bullish sentiment. It expires in 1 day(s) on May 10, 2024. Parties traded 144 contract(s) at a $900.00 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 $82.0K, with a price of $570.0 per contract. There were 11262 open contracts at this strike prior to today, and today 56163 contract(s) were bought and sold.
• For AAPL AAPL, we notice a call option sweep that happens to be bullish, expiring in 1 day(s) on May 10, 2024. This event was a transfer of 311 contract(s) at a $182.50 strike. This particular call needed to be split into 25 different trades to become filled. The total cost received by the writing party (or parties) was $62.2K, with a price of $200.0 per contract. There were 30861 open contracts at this strike prior to today, and today 47894 contract(s) were bought and sold.
• Regarding AMD AMD, we observe a put option sweep with bearish sentiment. It expires in 1 day(s) on May 10, 2024. Parties traded 458 contract(s) at a $150.00 strike. This particular put needed to be split into 17 different trades to become filled. The total cost received by the writing party (or parties) was $27.4K, with a price of $60.0 per contract. There were 8196 open contracts at this strike prior to today, and today 32861 contract(s) were bought and sold.
• Regarding INTC INTC, we observe a put option sweep with bearish sentiment. It expires in 43 day(s) on June 21, 2024. Parties traded 750 contract(s) at a $30.00 strike. This particular put needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $81.7K, with a price of $109.0 per contract. There were 22782 open contracts at this strike prior to today, and today 2949 contract(s) were bought and sold.
• For CFLT CFLT, we notice a call option sweep that happens to be bullish, expiring in 8 day(s) on May 17, 2024. This event was a transfer of 607 contract(s) at a $31.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $59.2K, with a price of $99.0 per contract. There were 1639 open contracts at this strike prior to today, and today 2555 contract(s) were bought and sold.
• For MSFT MSFT, we notice a call option trade that happens to be bullish, expiring in 1 day(s) on May 10, 2024. This event was a transfer of 100 contract(s) at a $405.00 strike. The total cost received by the writing party (or parties) was $71.5K, with a price of $715.0 per contract. There were 3346 open contracts at this strike prior to today, and today 2174 contract(s) were bought and sold.
• For ARM ARM, we notice a put option trade that happens to be neutral, expiring in 43 day(s) on June 21, 2024. This event was a transfer of 50 contract(s) at a $100.00 strike. The total cost received by the writing party (or parties) was $25.0K, with a price of $500.0 per contract. There were 2825 open contracts at this strike prior to today, and today 794 contract(s) were bought and sold.
• Regarding TSM TSM, we observe a put option sweep with bearish sentiment. It expires in 407 day(s) on June 20, 2025. Parties traded 102 contract(s) at a $105.00 strike. This particular put needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $44.3K, with a price of $435.0 per contract. There were 1264 open contracts at this strike prior to today, and today 702 contract(s) were bought and sold.
• For QCOM QCOM, we notice a put option sweep that happens to be bullish, expiring in 71 day(s) on July 19, 2024. This event was a transfer of 201 contract(s) at a $165.00 strike. This particular put needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $47.6K, with a price of $237.0 per contract. There were 2082 open contracts at this strike prior to today, and today 546 contract(s) were bought and sold.
• Regarding PLTR PLTR, we observe a call option sweep with bearish sentiment. It expires in 162 day(s) on October 18, 2024. Parties traded 241 contract(s) at a $22.00 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 $65.7K, with a price of $273.0 per contract. There were 574 open contracts at this strike prior to today, and today 517 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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