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 |
---|---|---|---|---|---|---|---|---|
AAPL | PUT | SWEEP | BEARISH | 12/02/22 | $150.00 | $25.2K | 4.3K | 10.5K |
MSFT | PUT | SWEEP | BULLISH | 12/02/22 | $240.00 | $34.2K | 2.4K | 2.1K |
AMD | PUT | SWEEP | BEARISH | 12/09/22 | $70.00 | $44.0K | 1.0K | 1.9K |
NVDA | CALL | TRADE | NEUTRAL | 12/02/22 | $162.50 | $25.0K | 1.4K | 1.4K |
HPQ | CALL | SWEEP | BEARISH | 11/25/22 | $29.00 | $33.5K | 1.3K | 910 |
AMAT | PUT | TRADE | BULLISH | 01/19/24 | $100.00 | $562.0K | 2.7K | 403 |
CSCO | PUT | TRADE | BULLISH | 01/19/24 | $47.50 | $146.9K | 2.9K | 334 |
MA | CALL | TRADE | BULLISH | 07/21/23 | $470.00 | $69.0K | 0 | 200 |
ENPH | PUT | TRADE | BEARISH | 12/02/22 | $320.00 | $134.3K | 156 | 188 |
QCOM | CALL | TRADE | BEARISH | 03/17/23 | $135.00 | $30.8K | 1.9K | 133 |
Explanation
These itemized elaborations have been created using the accompanying table.
• For AAPL AAPL, we notice a put option sweep that happens to be bearish, expiring in 9 day(s) on December 2, 2022. This event was a transfer of 102 contract(s) at a $150.00 strike. This particular put needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $25.2K, with a price of $248.0 per contract. There were 4324 open contracts at this strike prior to today, and today 10597 contract(s) were bought and sold.
• Regarding MSFT MSFT, we observe a put option sweep with bullish sentiment. It expires in 9 day(s) on December 2, 2022. Parties traded 200 contract(s) at a $240.00 strike. This particular put needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $34.2K, with a price of $171.0 per contract. There were 2441 open contracts at this strike prior to today, and today 2195 contract(s) were bought and sold.
• For AMD AMD, we notice a put option sweep that happens to be bearish, expiring in 16 day(s) on December 9, 2022. This event was a transfer of 500 contract(s) at a $70.00 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 $44.0K, with a price of $88.0 per contract. There were 1099 open contracts at this strike prior to today, and today 1947 contract(s) were bought and sold.
• For NVDA NVDA, we notice a call option trade that happens to be neutral, expiring in 9 day(s) on December 2, 2022. This event was a transfer of 50 contract(s) at a $162.50 strike. The total cost received by the writing party (or parties) was $25.0K, with a price of $500.0 per contract. There were 1465 open contracts at this strike prior to today, and today 1417 contract(s) were bought and sold.
• Regarding HPQ HPQ, we observe a call option sweep with bearish sentiment. It expires in 2 day(s) on November 25, 2022. Parties traded 390 contract(s) at a $29.00 strike. This particular call needed to be split into 32 different trades to become filled. The total cost received by the writing party (or parties) was $33.5K, with a price of $86.0 per contract. There were 1377 open contracts at this strike prior to today, and today 910 contract(s) were bought and sold.
• For AMAT AMAT, we notice a put option trade that happens to be bullish, expiring in 422 day(s) on January 19, 2024. This event was a transfer of 400 contract(s) at a $100.00 strike. The total cost received by the writing party (or parties) was $562.0K, with a price of $1405.0 per contract. There were 2702 open contracts at this strike prior to today, and today 403 contract(s) were bought and sold.
• For CSCO CSCO, we notice a put option trade that happens to be bullish, expiring in 422 day(s) on January 19, 2024. This event was a transfer of 323 contract(s) at a $47.50 strike. The total cost received by the writing party (or parties) was $146.9K, with a price of $455.0 per contract. There were 2970 open contracts at this strike prior to today, and today 334 contract(s) were bought and sold.
• For MA MA, we notice a call option trade that happens to be bullish, expiring in 240 day(s) on July 21, 2023. This event was a transfer of 200 contract(s) at a $470.00 strike. The total cost received by the writing party (or parties) was $69.0K, with a price of $345.0 per contract. There were 0 open contracts at this strike prior to today, and today 200 contract(s) were bought and sold.
• Regarding ENPH ENPH, we observe a put option trade with bearish sentiment. It expires in 9 day(s) on December 2, 2022. Parties traded 100 contract(s) at a $320.00 strike. The total cost received by the writing party (or parties) was $134.3K, with a price of $1343.0 per contract. There were 156 open contracts at this strike prior to today, and today 188 contract(s) were bought and sold.
• For QCOM QCOM, we notice a call option trade that happens to be bearish, expiring in 114 day(s) on March 17, 2023. This event was a transfer of 45 contract(s) at a $135.00 strike. The total cost received by the writing party (or parties) was $30.8K, with a price of $685.0 per contract. There were 1993 open contracts at this strike prior to today, and today 133 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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