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 |
---|---|---|---|---|---|---|---|---|
AI | CALL | TRADE | BULLISH | 04/21/23 | $30.00 | $65.0K | 10.1K | 12.3K |
AAPL | CALL | SWEEP | BULLISH | 03/31/23 | $157.50 | $37.6K | 7.3K | 6.2K |
RIOT | CALL | SWEEP | BEARISH | 04/21/23 | $10.00 | $31.8K | 21.9K | 3.2K |
MSFT | CALL | TRADE | BULLISH | 05/19/23 | $280.00 | $62.7K | 6.2K | 1.4K |
NVDA | PUT | SWEEP | BULLISH | 04/21/23 | $265.00 | $27.1K | 1.6K | 1.3K |
AMD | PUT | SWEEP | NEUTRAL | 06/16/23 | $100.00 | $104.0K | 4.0K | 898 |
MU | PUT | TRADE | BEARISH | 07/21/23 | $62.50 | $35.5K | 972 | 634 |
CRWD | PUT | TRADE | BULLISH | 01/19/24 | $135.00 | $452.0K | 545 | 600 |
AMAT | CALL | TRADE | BEARISH | 09/15/23 | $140.00 | $33.2K | 418 | 327 |
ZM | PUT | TRADE | BEARISH | 05/19/23 | $70.00 | $181.5K | 2.4K | 315 |
Explanation
These bullet-by-bullet explanations have been constructed using the accompanying table.
• Regarding AI AI, we observe a call option trade with bullish sentiment. It expires in 28 day(s) on April 21, 2023. Parties traded 500 contract(s) at a $30.00 strike. The total cost received by the writing party (or parties) was $65.0K, with a price of $130.0 per contract. There were 10174 open contracts at this strike prior to today, and today 12323 contract(s) were bought and sold.
• Regarding AAPL AAPL, we observe a call option sweep with bullish sentiment. It expires in 7 day(s) on March 31, 2023. Parties traded 105 contract(s) at a $157.50 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 $37.6K, with a price of $360.0 per contract. There were 7350 open contracts at this strike prior to today, and today 6280 contract(s) were bought and sold.
• For RIOT RIOT, we notice a call option sweep that happens to be bearish, expiring in 28 day(s) on April 21, 2023. This event was a transfer of 505 contract(s) at a $10.00 strike. This particular call needed to be split into 14 different trades to become filled. The total cost received by the writing party (or parties) was $31.8K, with a price of $63.0 per contract. There were 21944 open contracts at this strike prior to today, and today 3250 contract(s) were bought and sold.
• For MSFT MSFT, we notice a call option trade that happens to be bullish, expiring in 56 day(s) on May 19, 2023. This event was a transfer of 46 contract(s) at a $280.00 strike. The total cost received by the writing party (or parties) was $62.7K, with a price of $1365.0 per contract. There were 6223 open contracts at this strike prior to today, and today 1464 contract(s) were bought and sold.
• For NVDA NVDA, we notice a put option sweep that happens to be bullish, expiring in 28 day(s) on April 21, 2023. This event was a transfer of 20 contract(s) at a $265.00 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 $27.1K, with a price of $1355.0 per contract. There were 1683 open contracts at this strike prior to today, and today 1390 contract(s) were bought and sold.
• Regarding AMD AMD, we observe a put option sweep with neutral sentiment. It expires in 84 day(s) on June 16, 2023. Parties traded 100 contract(s) at a $100.00 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 $104.0K, with a price of $1040.0 per contract. There were 4097 open contracts at this strike prior to today, and today 898 contract(s) were bought and sold.
• Regarding MU MU, we observe a put option trade with bearish sentiment. It expires in 119 day(s) on July 21, 2023. Parties traded 55 contract(s) at a $62.50 strike. The total cost received by the writing party (or parties) was $35.5K, with a price of $646.0 per contract. There were 972 open contracts at this strike prior to today, and today 634 contract(s) were bought and sold.
• Regarding CRWD CRWD, we observe a put option trade with bullish sentiment. It expires in 301 day(s) on January 19, 2024. Parties traded 200 contract(s) at a $135.00 strike. The total cost received by the writing party (or parties) was $452.0K, with a price of $2260.0 per contract. There were 545 open contracts at this strike prior to today, and today 600 contract(s) were bought and sold.
• Regarding AMAT AMAT, we observe a call option trade with bearish sentiment. It expires in 175 day(s) on September 15, 2023. Parties traded 50 contract(s) at a $140.00 strike. The total cost received by the writing party (or parties) was $33.2K, with a price of $665.0 per contract. There were 418 open contracts at this strike prior to today, and today 327 contract(s) were bought and sold.
• For ZM ZM, we notice a put option trade that happens to be bearish, expiring in 56 day(s) on May 19, 2023. This event was a transfer of 300 contract(s) at a $70.00 strike. The total cost received by the writing party (or parties) was $181.5K, with a price of $605.0 per contract. There were 2400 open contracts at this strike prior to today, and today 315 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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