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 will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated 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 |
---|---|---|---|---|---|---|---|---|
MSFT | PUT | TRADE | NEUTRAL | 04/14/23 | $285.00 | $28.8K | 4.1K | 4.6K |
INFY | CALL | SWEEP | BEARISH | 10/20/23 | $20.00 | $37.7K | 57 | 1.6K |
AAPL | PUT | SWEEP | BEARISH | 06/16/23 | $145.00 | $37.9K | 35.8K | 1.0K |
TWKS | CALL | SWEEP | BULLISH | 07/21/23 | $7.50 | $32.1K | 39 | 696 |
SNOW | CALL | TRADE | BEARISH | 05/19/23 | $150.00 | $89.4K | 1.4K | 488 |
SMCI | CALL | SWEEP | BEARISH | 05/19/23 | $105.00 | $30.0K | 1.9K | 460 |
CRM | CALL | SWEEP | BULLISH | 06/16/23 | $195.00 | $35.7K | 2.9K | 238 |
CSCO | CALL | SWEEP | BEARISH | 06/21/24 | $55.00 | $90.2K | 868 | 211 |
NVDA | PUT | TRADE | BULLISH | 05/19/23 | $255.00 | $29.6K | 2.1K | 193 |
DDOG | CALL | TRADE | BEARISH | 06/16/23 | $75.00 | $52.0K | 761 | 159 |
Explanation
These bullet-by-bullet explanations have been constructed using the accompanying table.
• Regarding MSFT MSFT, we observe a put option trade with neutral sentiment. It expires in 8 day(s) on April 14, 2023. Parties traded 130 contract(s) at a $285.00 strike. The total cost received by the writing party (or parties) was $28.8K, with a price of $222.0 per contract. There were 4127 open contracts at this strike prior to today, and today 4676 contract(s) were bought and sold.
• Regarding INFY INFY, we observe a call option sweep with bearish sentiment. It expires in 197 day(s) on October 20, 2023. Parties traded 836 contract(s) at a $20.00 strike. This particular call needed to be split into 10 different trades to become filled. The total cost received by the writing party (or parties) was $37.7K, with a price of $45.0 per contract. There were 57 open contracts at this strike prior to today, and today 1687 contract(s) were bought and sold.
• For AAPL AAPL, we notice a put option sweep that happens to be bearish, expiring in 71 day(s) on June 16, 2023. This event was a transfer of 171 contract(s) at a $145.00 strike. This particular put needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $37.9K, with a price of $222.0 per contract. There were 35873 open contracts at this strike prior to today, and today 1014 contract(s) were bought and sold.
• Regarding TWKS TWKS, we observe a call option sweep with bullish sentiment. It expires in 106 day(s) on July 21, 2023. Parties traded 536 contract(s) at a $7.50 strike. This particular call needed to be split into 13 different trades to become filled. The total cost received by the writing party (or parties) was $32.1K, with a price of $60.0 per contract. There were 39 open contracts at this strike prior to today, and today 696 contract(s) were bought and sold.
• Regarding SNOW SNOW, we observe a call option trade with bearish sentiment. It expires in 43 day(s) on May 19, 2023. Parties traded 100 contract(s) at a $150.00 strike. The total cost received by the writing party (or parties) was $89.4K, with a price of $895.0 per contract. There were 1406 open contracts at this strike prior to today, and today 488 contract(s) were bought and sold.
• For SMCI SMCI, we notice a call option sweep that happens to be bearish, expiring in 43 day(s) on May 19, 2023. This event was a transfer of 31 contract(s) at a $105.00 strike. This particular call needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $30.0K, with a price of $970.0 per contract. There were 1907 open contracts at this strike prior to today, and today 460 contract(s) were bought and sold.
• For CRM CRM, we notice a call option sweep that happens to be bullish, expiring in 71 day(s) on June 16, 2023. This event was a transfer of 30 contract(s) at a $195.00 strike. This particular call needed to be split into 8 different trades to become filled. The total cost received by the writing party (or parties) was $35.7K, with a price of $1190.0 per contract. There were 2910 open contracts at this strike prior to today, and today 238 contract(s) were bought and sold.
• For CSCO CSCO, we notice a call option sweep that happens to be bearish, expiring in 442 day(s) on June 21, 2024. This event was a transfer of 206 contract(s) at a $55.00 strike. This particular call needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $90.2K, with a price of $435.0 per contract. There were 868 open contracts at this strike prior to today, and today 211 contract(s) were bought and sold.
• For NVDA NVDA, we notice a put option trade that happens to be bullish, expiring in 43 day(s) on May 19, 2023. This event was a transfer of 30 contract(s) at a $255.00 strike. The total cost received by the writing party (or parties) was $29.6K, with a price of $989.0 per contract. There were 2143 open contracts at this strike prior to today, and today 193 contract(s) were bought and sold.
• For DDOG DDOG, we notice a call option trade that happens to be bearish, expiring in 71 day(s) on June 16, 2023. This event was a transfer of 137 contract(s) at a $75.00 strike. The total cost received by the writing party (or parties) was $52.0K, with a price of $380.0 per contract. There were 761 open contracts at this strike prior to today, and today 159 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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