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 | 12/23/21 | $300.00 | $47.9K | 19.2K | 141.6K |
AAPL | CALL | SWEEP | BULLISH | 12/31/21 | $180.00 | $43.4K | 94.4K | 68.3K |
MU | CALL | TRADE | BULLISH | 01/07/22 | $94.00 | $30.9K | 191 | 1.0K |
GDS | PUT | SWEEP | BULLISH | 03/18/22 | $30.00 | $30.7K | 9.4K | 596 |
INDI | PUT | SWEEP | BEARISH | 01/20/23 | $22.50 | $38.6K | 0 | 185 |
QCOM | CALL | SWEEP | BEARISH | 07/15/22 | $190.00 | $173.7K | 363 | 180 |
ADI | CALL | TRADE | NEUTRAL | 01/21/22 | $177.50 | $45.4K | 79 | 152 |
MDB | CALL | TRADE | BULLISH | 01/21/22 | $500.00 | $66.4K | 232 | 60 |
ADP | CALL | TRADE | BULLISH | 01/20/23 | $230.00 | $30.5K | 2.6K | 35 |
TXN | PUT | TRADE | NEUTRAL | 06/17/22 | $190.00 | $48.3K | 760 | 30 |
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, is expiring today. Parties traded 857 contract(s) at a $300.00 strike. This particular call needed to be split into 57 different trades to become filled. The total cost received by the writing party (or parties) was $47.9K, with a price of $55.0 per contract. There were 19266 open contracts at this strike prior to today, and today 141605 contract(s) were bought and sold.
• Regarding AAPL AAPL, we observe a call option sweep with bullish sentiment. It expires in 8 day(s) on December 31, 2021. Parties traded 368 contract(s) at a $180.00 strike. This particular call needed to be split into 15 different trades to become filled. The total cost received by the writing party (or parties) was $43.4K, with a price of $118.0 per contract. There were 94490 open contracts at this strike prior to today, and today 68382 contract(s) were bought and sold.
• Regarding MU MU, we observe a call option trade with bullish sentiment. It expires in 15 day(s) on January 7, 2022. Parties traded 100 contract(s) at a $94.00 strike. The total cost received by the writing party (or parties) was $30.9K, with a price of $309.0 per contract. There were 191 open contracts at this strike prior to today, and today 1059 contract(s) were bought and sold.
• For GDS GDS, we notice a put option sweep that happens to be bullish, expiring in 85 day(s) on March 18, 2022. This event was a transfer of 166 contract(s) at a $30.00 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 $30.7K, with a price of $185.0 per contract. There were 9476 open contracts at this strike prior to today, and today 596 contract(s) were bought and sold.
• Regarding INDI INDI, we observe a put option sweep with bearish sentiment. It expires in 393 day(s) on January 20, 2023. Parties traded 31 contract(s) at a $22.50 strike. This particular put needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $38.6K, with a price of $1250.0 per contract. There were 0 open contracts at this strike prior to today, and today 185 contract(s) were bought and sold.
• For QCOM QCOM, we notice a call option sweep that happens to be bearish, expiring in 204 day(s) on July 15, 2022. This event was a transfer of 104 contract(s) at a $190.00 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 $173.7K, with a price of $1675.0 per contract. There were 363 open contracts at this strike prior to today, and today 180 contract(s) were bought and sold.
• For ADI ADI, we notice a call option trade that happens to be neutral, expiring in 29 day(s) on January 21, 2022. This event was a transfer of 150 contract(s) at a $177.50 strike. The total cost received by the writing party (or parties) was $45.4K, with a price of $303.0 per contract. There were 79 open contracts at this strike prior to today, and today 152 contract(s) were bought and sold.
• For MDB MDB, we notice a call option trade that happens to be bullish, expiring in 29 day(s) on January 21, 2022. This event was a transfer of 10 contract(s) at a $500.00 strike. The total cost received by the writing party (or parties) was $66.4K, with a price of $6640.0 per contract. There were 232 open contracts at this strike prior to today, and today 60 contract(s) were bought and sold.
• For ADP ADP, we notice a call option trade that happens to be bullish, expiring in 393 day(s) on January 20, 2023. This event was a transfer of 10 contract(s) at a $230.00 strike. The total cost received by the writing party (or parties) was $30.5K, with a price of $3050.0 per contract. There were 2605 open contracts at this strike prior to today, and today 35 contract(s) were bought and sold.
• For TXN TXN, we notice a put option trade that happens to be neutral, expiring in 176 day(s) on June 17, 2022. This event was a transfer of 30 contract(s) at a $190.00 strike. The total cost received by the writing party (or parties) was $48.3K, with a price of $1610.0 per contract. There were 760 open contracts at this strike prior to today, and today 30 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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