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 |
---|---|---|---|---|---|---|---|---|
MU | CALL | SWEEP | BULLISH | 12/31/21 | $95.00 | $54.7K | 15.5K | 69.9K |
AAPL | CALL | SWEEP | BEARISH | 01/07/22 | $180.00 | $26.0K | 34.2K | 21.9K |
NVDA | CALL | TRADE | BEARISH | 12/31/21 | $292.50 | $36.2K | 1.1K | 2.0K |
AMAT | PUT | TRADE | BULLISH | 06/17/22 | $130.00 | $407.9K | 1.8K | 810 |
AVCT | CALL | SWEEP | BULLISH | 07/15/22 | $5.00 | $35.0K | 123 | 727 |
ORCL | CALL | SWEEP | BEARISH | 01/19/24 | $97.50 | $84.9K | 96 | 659 |
MSFT | PUT | SWEEP | BEARISH | 02/18/22 | $260.00 | $46.1K | 2.1K | 527 |
IBM | CALL | TRADE | BEARISH | 02/18/22 | $135.00 | $32.0K | 2.9K | 429 |
TWLO | CALL | SWEEP | NEUTRAL | 03/18/22 | $300.00 | $110.9K | 460 | 292 |
CSCO | PUT | SWEEP | BEARISH | 02/18/22 | $62.50 | $34.3K | 586 | 282 |
Explanation
These itemized elaborations have been created using the accompanying table.
• For MU MU, we notice a call option sweep that happens to be bullish, expiring in 2 day(s) on December 31, 2021. This event was a transfer of 278 contract(s) at a $95.00 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 $54.7K, with a price of $197.0 per contract. There were 15547 open contracts at this strike prior to today, and today 69924 contract(s) were bought and sold.
• Regarding AAPL AAPL, we observe a call option sweep with bearish sentiment. It expires in 9 day(s) on January 7, 2022. Parties traded 100 contract(s) at a $180.00 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 $26.0K, with a price of $260.0 per contract. There were 34291 open contracts at this strike prior to today, and today 21934 contract(s) were bought and sold.
• Regarding NVDA NVDA, we observe a call option trade with bearish sentiment. It expires in 2 day(s) on December 31, 2021. Parties traded 50 contract(s) at a $292.50 strike. The total cost received by the writing party (or parties) was $36.2K, with a price of $724.0 per contract. There were 1150 open contracts at this strike prior to today, and today 2058 contract(s) were bought and sold.
• Regarding AMAT AMAT, we observe a put option trade with bullish sentiment. It expires in 170 day(s) on June 17, 2022. Parties traded 800 contract(s) at a $130.00 strike. The total cost received by the writing party (or parties) was $407.9K, with a price of $510.0 per contract. There were 1874 open contracts at this strike prior to today, and today 810 contract(s) were bought and sold.
• For AVCT AVCT, we notice a call option sweep that happens to be bullish, expiring in 198 day(s) on July 15, 2022. This event was a transfer of 700 contract(s) at a $5.00 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 $35.0K, with a price of $50.0 per contract. There were 123 open contracts at this strike prior to today, and today 727 contract(s) were bought and sold.
• For ORCL ORCL, we notice a call option sweep that happens to be bearish, expiring in 751 day(s) on January 19, 2024. This event was a transfer of 79 contract(s) at a $97.50 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 $84.9K, with a price of $1075.0 per contract. There were 96 open contracts at this strike prior to today, and today 659 contract(s) were bought and sold.
• Regarding MSFT MSFT, we observe a put option sweep with bearish sentiment. It expires in 51 day(s) on February 18, 2022. Parties traded 508 contract(s) at a $260.00 strike. This particular put needed to be split into 25 different trades to become filled. The total cost received by the writing party (or parties) was $46.1K, with a price of $91.0 per contract. There were 2114 open contracts at this strike prior to today, and today 527 contract(s) were bought and sold.
• For IBM IBM, we notice a call option trade that happens to be bearish, expiring in 51 day(s) on February 18, 2022. This event was a transfer of 84 contract(s) at a $135.00 strike. The total cost received by the writing party (or parties) was $32.0K, with a price of $381.0 per contract. There were 2919 open contracts at this strike prior to today, and today 429 contract(s) were bought and sold.
• Regarding TWLO TWLO, we observe a call option sweep with neutral sentiment. It expires in 79 day(s) on March 18, 2022. Parties traded 115 contract(s) at a $300.00 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 $110.9K, with a price of $965.0 per contract. There were 460 open contracts at this strike prior to today, and today 292 contract(s) were bought and sold.
• For CSCO CSCO, we notice a put option sweep that happens to be bearish, expiring in 51 day(s) on February 18, 2022. This event was a transfer of 178 contract(s) at a $62.50 strike. This particular put needed to be split into 17 different trades to become filled. The total cost received by the writing party (or parties) was $34.3K, with a price of $193.0 per contract. There were 586 open contracts at this strike prior to today, and today 282 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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