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 |
---|---|---|---|---|---|---|---|---|
PLTR | PUT | TRADE | BEARISH | 06/21/24 | $20.00 | $186.7K | 27.2K | 13.7K |
IREN | PUT | TRADE | BEARISH | 11/15/24 | $5.00 | $85.0K | 16.7K | 11.0K |
NVDA | PUT | TRADE | BULLISH | 05/24/24 | $950.00 | $27.3K | 5.1K | 9.3K |
AAPL | CALL | SWEEP | BULLISH | 06/21/24 | $190.00 | $25.6K | 59.7K | 7.8K |
AMD | CALL | SWEEP | BEARISH | 05/31/24 | $175.00 | $27.8K | 5.1K | 6.7K |
TSM | CALL | TRADE | BEARISH | 08/16/24 | $155.00 | $262.9K | 7.6K | 4.4K |
SMCI | CALL | SWEEP | BULLISH | 05/24/24 | $900.00 | $70.3K | 1.4K | 2.1K |
S | PUT | SWEEP | BEARISH | 09/20/24 | $20.00 | $55.8K | 46 | 677 |
DELL | PUT | TRADE | BULLISH | 05/31/24 | $129.00 | $38.7K | 332 | 339 |
ENPH | CALL | SWEEP | BEARISH | 06/21/24 | $118.00 | $26.5K | 49 | 266 |
Explanation
These itemized elaborations have been created using the accompanying table.
• For PLTR PLTR, we notice a put option trade that happens to be bearish, expiring in 30 day(s) on June 21, 2024. This event was a transfer of 4788 contract(s) at a $20.00 strike. The total cost received by the writing party (or parties) was $186.7K, with a price of $39.0 per contract. There were 27285 open contracts at this strike prior to today, and today 13762 contract(s) were bought and sold.
• Regarding IREN IREN, we observe a put option trade with bearish sentiment. It expires in 177 day(s) on November 15, 2024. Parties traded 1000 contract(s) at a $5.00 strike. The total cost received by the writing party (or parties) was $85.0K, with a price of $85.0 per contract. There were 16768 open contracts at this strike prior to today, and today 11011 contract(s) were bought and sold.
• For NVDA NVDA, we notice a put option trade that happens to be bullish, expiring in 2 day(s) on May 24, 2024. This event was a transfer of 7 contract(s) at a $950.00 strike. The total cost received by the writing party (or parties) was $27.3K, with a price of $3900.0 per contract. There were 5142 open contracts at this strike prior to today, and today 9330 contract(s) were bought and sold.
• Regarding AAPL AAPL, we observe a call option sweep with bullish sentiment. It expires in 30 day(s) on June 21, 2024. Parties traded 50 contract(s) at a $190.00 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 $25.6K, with a price of $511.0 per contract. There were 59715 open contracts at this strike prior to today, and today 7812 contract(s) were bought and sold.
• For AMD AMD, we notice a call option sweep that happens to be bearish, expiring in 9 day(s) on May 31, 2024. This event was a transfer of 136 contract(s) at a $175.00 strike. This particular call needed to be split into 14 different trades to become filled. The total cost received by the writing party (or parties) was $27.8K, with a price of $205.0 per contract. There were 5167 open contracts at this strike prior to today, and today 6739 contract(s) were bought and sold.
• Regarding TSM TSM, we observe a call option trade with bearish sentiment. It expires in 86 day(s) on August 16, 2024. Parties traded 224 contract(s) at a $155.00 strike. The total cost received by the writing party (or parties) was $262.9K, with a price of $1174.0 per contract. There were 7607 open contracts at this strike prior to today, and today 4424 contract(s) were bought and sold.
• For SMCI SMCI, we notice a call option sweep that happens to be bullish, expiring in 2 day(s) on May 24, 2024. This event was a transfer of 21 contract(s) at a $900.00 strike. This particular call needed to be split into 21 different trades to become filled. The total cost received by the writing party (or parties) was $70.3K, with a price of $3350.0 per contract. There were 1442 open contracts at this strike prior to today, and today 2162 contract(s) were bought and sold.
• Regarding S S, we observe a put option sweep with bearish sentiment. It expires in 121 day(s) on September 20, 2024. Parties traded 338 contract(s) at a $20.00 strike. This particular put needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $55.8K, with a price of $165.0 per contract. There were 46 open contracts at this strike prior to today, and today 677 contract(s) were bought and sold.
• For DELL DELL, we notice a put option trade that happens to be bullish, expiring in 9 day(s) on May 31, 2024. This event was a transfer of 300 contract(s) at a $129.00 strike. The total cost received by the writing party (or parties) was $38.7K, with a price of $129.0 per contract. There were 332 open contracts at this strike prior to today, and today 339 contract(s) were bought and sold.
• Regarding ENPH ENPH, we observe a call option sweep with bearish sentiment. It expires in 30 day(s) on June 21, 2024. Parties traded 26 contract(s) at a $118.00 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 $26.5K, with a price of $1020.0 per contract. There were 49 open contracts at this strike prior to today, and today 266 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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