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 | BEARISH | 08/09/24 | $105.00 | $29.1K | 38.3K | 181.2K |
AAPL | CALL | SWEEP | NEUTRAL | 08/16/24 | $220.00 | $28.2K | 35.7K | 15.7K |
INTC | PUT | TRADE | NEUTRAL | 09/20/24 | $25.00 | $51.5K | 12.0K | 3.7K |
SOUN | CALL | TRADE | BULLISH | 08/16/24 | $4.00 | $58.5K | 1.7K | 1.0K |
IREN | PUT | SWEEP | BEARISH | 02/21/25 | $4.00 | $60.0K | 0 | 1.0K |
MSTR | CALL | TRADE | BULLISH | 08/09/24 | $129.00 | $86.4K | 0 | 913 |
SMCI | CALL | TRADE | BEARISH | 08/23/24 | $550.00 | $29.1K | 64 | 706 |
MSFT | PUT | TRADE | BEARISH | 08/16/24 | $407.50 | $27.9K | 564 | 413 |
CRWD | CALL | SWEEP | BULLISH | 01/17/25 | $280.00 | $475.8K | 1.5K | 307 |
FIVN | CALL | SWEEP | BEARISH | 08/16/24 | $45.00 | $36.0K | 573 | 273 |
Explanation
These itemized elaborations have been created using the accompanying table.
• For NVDA NVDA, we notice a call option sweep that happens to be bearish, expiring in 1 day(s) on August 9, 2024. This event was a transfer of 156 contract(s) at a $105.00 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 $29.1K, with a price of $186.0 per contract. There were 38341 open contracts at this strike prior to today, and today 181287 contract(s) were bought and sold.
• Regarding AAPL AAPL, we observe a call option sweep with neutral sentiment. It expires in 8 day(s) on August 16, 2024. Parties traded 200 contract(s) at a $220.00 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 $28.2K, with a price of $141.0 per contract. There were 35742 open contracts at this strike prior to today, and today 15704 contract(s) were bought and sold.
• For INTC INTC, we notice a put option trade that happens to be neutral, expiring in 43 day(s) on September 20, 2024. This event was a transfer of 100 contract(s) at a $25.00 strike. The total cost received by the writing party (or parties) was $51.5K, with a price of $515.0 per contract. There were 12003 open contracts at this strike prior to today, and today 3749 contract(s) were bought and sold.
• Regarding SOUN SOUN, we observe a call option trade with bullish sentiment. It expires in 8 day(s) on August 16, 2024. Parties traded 500 contract(s) at a $4.00 strike. The total cost received by the writing party (or parties) was $58.5K, with a price of $117.0 per contract. There were 1794 open contracts at this strike prior to today, and today 1026 contract(s) were bought and sold.
• For IREN IREN, we notice a put option sweep that happens to be bearish, expiring in 197 day(s) on February 21, 2025. This event was a transfer of 1000 contract(s) at a $4.00 strike. This particular put needed to be split into 29 different trades to become filled. The total cost received by the writing party (or parties) was $60.0K, with a price of $60.0 per contract. There were 0 open contracts at this strike prior to today, and today 1000 contract(s) were bought and sold.
• For MSTR MSTR, we notice a call option trade that happens to be bullish, expiring in 1 day(s) on August 9, 2024. This event was a transfer of 200 contract(s) at a $129.00 strike. The total cost received by the writing party (or parties) was $86.4K, with a price of $432.0 per contract. There were 0 open contracts at this strike prior to today, and today 913 contract(s) were bought and sold.
• Regarding SMCI SMCI, we observe a call option trade with bearish sentiment. It expires in 15 day(s) on August 23, 2024. Parties traded 18 contract(s) at a $550.00 strike. The total cost received by the writing party (or parties) was $29.1K, with a price of $1622.0 per contract. There were 64 open contracts at this strike prior to today, and today 706 contract(s) were bought and sold.
• Regarding MSFT MSFT, we observe a put option trade with bearish sentiment. It expires in 8 day(s) on August 16, 2024. Parties traded 30 contract(s) at a $407.50 strike. The total cost received by the writing party (or parties) was $27.9K, with a price of $930.0 per contract. There were 564 open contracts at this strike prior to today, and today 413 contract(s) were bought and sold.
• Regarding CRWD CRWD, we observe a call option sweep with bullish sentiment. It expires in 162 day(s) on January 17, 2025. Parties traded 231 contract(s) at a $280.00 strike. This particular call needed to be split into 8 different trades to become filled. The total cost received by the writing party (or parties) was $475.8K, with a price of $2060.0 per contract. There were 1536 open contracts at this strike prior to today, and today 307 contract(s) were bought and sold.
• For FIVN FIVN, we notice a call option sweep that happens to be bearish, expiring in 8 day(s) on August 16, 2024. This event was a transfer of 180 contract(s) at a $45.00 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 $36.0K, with a price of $200.0 per contract. There were 573 open contracts at this strike prior to today, and today 273 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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