This unusual options alert can help traders track potentially big trading opportunities. Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Unusual trading activity could push option prices to hyperbolic or underperforming levels.
Below are some instances of unusual options activity happening in the Information Technology sector:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| AMD | CALL | SWEEP | BULLISH | 04/30/21 | $90.00 | $39.3K | 43.2K | 35.0K |
| AAPL | CALL | TRADE | BULLISH | 04/30/21 | $135.00 | $51.4K | 44.9K | 23.5K |
| CSCO | CALL | TRADE | BEARISH | 01/21/22 | $47.50 | $1.5 million | 12.7K | 7.5K |
| MSFT | CALL | TRADE | BULLISH | 05/21/21 | $280.00 | $189.3K | 9.1K | 4.6K |
| QCOM | CALL | TRADE | BULLISH | 04/30/21 | $145.00 | $95.9K | 2.7K | 2.6K |
| APP | CALL | TRADE | NEUTRAL | 05/21/21 | $65.00 | $76.8K | 142 | 2.0K |
| EXTR | CALL | TRADE | BULLISH | 05/21/21 | $12.00 | $25.0K | 310 | 1.0K |
| PYPL | PUT | SWEEP | BULLISH | 04/30/21 | $270.00 | $79.0K | 963 | 731 |
| INTC | PUT | TRADE | BEARISH | 01/20/23 | $50.00 | $280.0K | 3.5K | 649 |
| AI | PUT | SWEEP | BEARISH | 05/21/21 | $60.00 | $34.0K | 2.9K | 584 |
Explanation
These itemized elaborations have been created using the accompanying table.
• Regarding AMD AMD, we observe a call option sweep with bullish sentiment. It expires in 3 day(s) on April 30, 2021. Parties traded 249 contract(s) at a $90.00 strike. This particular call needed to be split into 16 different trades to become filled. The total cost received by the writing party (or parties) was $39.3K, with a price of $158.0 per contract. There were 43292 open contracts at this strike prior to today, and today 35034 contract(s) were bought and sold.
• For AAPL AAPL, we notice a call option trade that happens to be bullish, expiring in 3 day(s) on April 30, 2021. This event was a transfer of 200 contract(s) at a $135.00 strike. The total cost received by the writing party (or parties) was $51.4K, with a price of $257.0 per contract. There were 44937 open contracts at this strike prior to today, and today 23563 contract(s) were bought and sold.
• For CSCO CSCO, we notice a call option trade that happens to be bearish, expiring in 269 day(s) on January 21, 2022. This event was a transfer of 2500 contract(s) at a $47.50 strike. The total cost received by the writing party (or parties) was $1.5 million, with a price of $625.0 per contract. There were 12765 open contracts at this strike prior to today, and today 7505 contract(s) were bought and sold.
• Regarding MSFT MSFT, we observe a call option trade with bullish sentiment. It expires in 24 day(s) on May 21, 2021. Parties traded 1932 contract(s) at a $280.00 strike. The total cost received by the writing party (or parties) was $189.3K, with a price of $98.0 per contract. There were 9184 open contracts at this strike prior to today, and today 4652 contract(s) were bought and sold.
• For QCOM QCOM, we notice a call option trade that happens to be bullish, expiring in 3 day(s) on April 30, 2021. This event was a transfer of 700 contract(s) at a $145.00 strike. The total cost received by the writing party (or parties) was $95.9K, with a price of $137.0 per contract. There were 2777 open contracts at this strike prior to today, and today 2674 contract(s) were bought and sold.
• For APP APP, we notice a call option trade that happens to be neutral, expiring in 24 day(s) on May 21, 2021. This event was a transfer of 427 contract(s) at a $65.00 strike. The total cost received by the writing party (or parties) was $76.8K, with a price of $180.0 per contract. There were 142 open contracts at this strike prior to today, and today 2002 contract(s) were bought and sold.
• Regarding EXTR EXTR, we observe a call option trade with bullish sentiment. It expires in 24 day(s) on May 21, 2021. Parties traded 1000 contract(s) at a $12.00 strike. The total cost received by the writing party (or parties) was $25.0K, with a price of $25.0 per contract. There were 310 open contracts at this strike prior to today, and today 1008 contract(s) were bought and sold.
• For PYPL PYPL, we notice a put option sweep that happens to be bullish, expiring in 3 day(s) on April 30, 2021. This event was a transfer of 200 contract(s) at a $270.00 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 $79.0K, with a price of $395.0 per contract. There were 963 open contracts at this strike prior to today, and today 731 contract(s) were bought and sold.
• For INTC INTC, we notice a put option trade that happens to be bearish, expiring in 633 day(s) on January 20, 2023. This event was a transfer of 500 contract(s) at a $50.00 strike. The total cost received by the writing party (or parties) was $280.0K, with a price of $560.0 per contract. There were 3590 open contracts at this strike prior to today, and today 649 contract(s) were bought and sold.
• For AI AI, we notice a put option sweep that happens to be bearish, expiring in 24 day(s) on May 21, 2021. This event was a transfer of 284 contract(s) at a $60.00 strike. This particular put needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $34.0K, with a price of $120.0 per contract. There were 2977 open contracts at this strike prior to today, and today 584 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.
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