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 | PUT | SWEEP | BULLISH | 07/12/24 | $130.00 | $38.2K | 48.7K | 187.8K |
AAPL | CALL | TRADE | BEARISH | 08/16/24 | $250.00 | $27.2K | 25.9K | 23.3K |
AMD | CALL | SWEEP | BULLISH | 07/12/24 | $180.00 | $31.9K | 11.4K | 23.1K |
TXN | CALL | SWEEP | BULLISH | 09/20/24 | $210.00 | $30.5K | 18.0K | 4.9K |
TSM | CALL | TRADE | BEARISH | 07/19/24 | $185.00 | $666.0K | 10.2K | 2.3K |
ORCL | CALL | SWEEP | BULLISH | 07/12/24 | $141.00 | $30.0K | 3.3K | 1.9K |
AVGO | PUT | SWEEP | BEARISH | 07/12/24 | $1710.00 | $56.0K | 432 | 1.2K |
MSFT | CALL | SWEEP | NEUTRAL | 08/16/24 | $455.00 | $158.6K | 6.6K | 800 |
ERIC | PUT | TRADE | BEARISH | 07/19/24 | $6.00 | $28.7K | 1.1K | 590 |
SMCI | CALL | TRADE | BULLISH | 07/12/24 | $865.00 | $34.7K | 185 | 320 |
Explanation
These itemized elaborations have been created using the accompanying table.
• Regarding NVDA NVDA, we observe a put option sweep with bullish sentiment. It expires in 1 day(s) on July 12, 2024. Parties traded 165 contract(s) at a $130.00 strike. This particular put needed to be split into 20 different trades to become filled. The total cost received by the writing party (or parties) was $38.2K, with a price of $233.0 per contract. There were 48776 open contracts at this strike prior to today, and today 187833 contract(s) were bought and sold.
• For AAPL AAPL, we notice a call option trade that happens to be bearish, expiring in 36 day(s) on August 16, 2024. This event was a transfer of 200 contract(s) at a $250.00 strike. The total cost received by the writing party (or parties) was $27.2K, with a price of $136.0 per contract. There were 25988 open contracts at this strike prior to today, and today 23349 contract(s) were bought and sold.
• For AMD AMD, we notice a call option sweep that happens to be bullish, expiring in 1 day(s) on July 12, 2024. This event was a transfer of 150 contract(s) at a $180.00 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 $31.9K, with a price of $213.0 per contract. There were 11490 open contracts at this strike prior to today, and today 23151 contract(s) were bought and sold.
• For TXN TXN, we notice a call option sweep that happens to be bullish, expiring in 71 day(s) on September 20, 2024. This event was a transfer of 50 contract(s) at a $210.00 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 $30.5K, with a price of $610.0 per contract. There were 18095 open contracts at this strike prior to today, and today 4970 contract(s) were bought and sold.
• Regarding TSM TSM, we observe a call option trade with bearish sentiment. It expires in 8 day(s) on July 19, 2024. Parties traded 1000 contract(s) at a $185.00 strike. The total cost received by the writing party (or parties) was $666.0K, with a price of $666.0 per contract. There were 10225 open contracts at this strike prior to today, and today 2327 contract(s) were bought and sold.
• For ORCL ORCL, we notice a call option sweep that happens to be bullish, expiring in 1 day(s) on July 12, 2024. This event was a transfer of 200 contract(s) at a $141.00 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 $30.0K, with a price of $150.0 per contract. There were 3367 open contracts at this strike prior to today, and today 1989 contract(s) were bought and sold.
• For AVGO AVGO, we notice a put option sweep that happens to be bearish, expiring in 1 day(s) on July 12, 2024. This event was a transfer of 17 contract(s) at a $1710.00 strike. This particular put needed to be split into 11 different trades to become filled. The total cost received by the writing party (or parties) was $56.0K, with a price of $3290.0 per contract. There were 432 open contracts at this strike prior to today, and today 1219 contract(s) were bought and sold.
• For MSFT MSFT, we notice a call option sweep that happens to be neutral, expiring in 36 day(s) on August 16, 2024. This event was a transfer of 103 contract(s) at a $455.00 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 $158.6K, with a price of $1540.0 per contract. There were 6656 open contracts at this strike prior to today, and today 800 contract(s) were bought and sold.
• Regarding ERIC ERIC, we observe a put option trade with bearish sentiment. It expires in 8 day(s) on July 19, 2024. Parties traded 1596 contract(s) at a $6.00 strike. The total cost received by the writing party (or parties) was $28.7K, with a price of $18.0 per contract. There were 1125 open contracts at this strike prior to today, and today 590 contract(s) were bought and sold.
• Regarding SMCI SMCI, we observe a call option trade with bullish sentiment. It expires in 1 day(s) on July 12, 2024. Parties traded 12 contract(s) at a $865.00 strike. The total cost received by the writing party (or parties) was $34.7K, with a price of $2895.0 per contract. There were 185 open contracts at this strike prior to today, and today 320 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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