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 | BULLISH | 04/21/23 | $277.50 | $37.4K | 7.1K | 19.6K |
TSM | PUT | SWEEP | NEUTRAL | 05/19/23 | $75.00 | $30.3K | 6.7K | 2.8K |
DT | CALL | SWEEP | BULLISH | 04/21/23 | $44.00 | $30.1K | 736 | 1.5K |
MSFT | CALL | SWEEP | BULLISH | 04/28/23 | $287.50 | $27.5K | 1.8K | 1.2K |
MSTR | PUT | SWEEP | BEARISH | 05/19/23 | $190.00 | $39.5K | 144 | 903 |
INTC | CALL | SWEEP | BEARISH | 06/16/23 | $26.00 | $64.9K | 6.9K | 529 |
CSCO | PUT | TRADE | BULLISH | 09/15/23 | $47.50 | $26.1K | 12.3K | 437 |
IBM | PUT | SWEEP | BULLISH | 06/16/23 | $125.00 | $51.6K | 6.1K | 393 |
RXT | PUT | SWEEP | BEARISH | 01/19/24 | $2.50 | $26.6K | 279 | 296 |
AAPL | PUT | SWEEP | BULLISH | 06/21/24 | $135.00 | $41.9K | 8.6K | 272 |
Explanation
These bullet-by-bullet explanations have been constructed using the accompanying table.
• For NVDA NVDA, we notice a call option sweep that happens to be bullish, expiring in 2 day(s) on April 21, 2023. This event was a transfer of 100 contract(s) at a $277.50 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 $37.4K, with a price of $375.0 per contract. There were 7177 open contracts at this strike prior to today, and today 19647 contract(s) were bought and sold.
• Regarding TSM TSM, we observe a put option sweep with neutral sentiment. It expires in 30 day(s) on May 19, 2023. Parties traded 658 contract(s) at a $75.00 strike. This particular put needed to be split into 67 different trades to become filled. The total cost received by the writing party (or parties) was $30.3K, with a price of $46.0 per contract. There were 6770 open contracts at this strike prior to today, and today 2801 contract(s) were bought and sold.
• For DT DT, we notice a call option sweep that happens to be bullish, expiring in 2 day(s) on April 21, 2023. This event was a transfer of 1500 contract(s) at a $44.00 strike. This particular call needed to be split into 36 different trades to become filled. The total cost received by the writing party (or parties) was $30.1K, with a price of $20.0 per contract. There were 736 open contracts at this strike prior to today, and today 1500 contract(s) were bought and sold.
• For MSFT MSFT, we notice a call option sweep that happens to be bullish, expiring in 9 day(s) on April 28, 2023. This event was a transfer of 38 contract(s) at a $287.50 strike. This particular call needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was $27.5K, with a price of $725.0 per contract. There were 1834 open contracts at this strike prior to today, and today 1203 contract(s) were bought and sold.
• Regarding MSTR MSTR, we observe a put option sweep with bearish sentiment. It expires in 30 day(s) on May 19, 2023. Parties traded 297 contract(s) at a $190.00 strike. This particular put needed to be split into 23 different trades to become filled. The total cost received by the writing party (or parties) was $39.5K, with a price of $133.0 per contract. There were 144 open contracts at this strike prior to today, and today 903 contract(s) were bought and sold.
• For INTC INTC, we notice a call option sweep that happens to be bearish, expiring in 58 day(s) on June 16, 2023. This event was a transfer of 114 contract(s) at a $26.00 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 $64.9K, with a price of $570.0 per contract. There were 6943 open contracts at this strike prior to today, and today 529 contract(s) were bought and sold.
• Regarding CSCO CSCO, we observe a put option trade with bullish sentiment. It expires in 149 day(s) on September 15, 2023. Parties traded 107 contract(s) at a $47.50 strike. The total cost received by the writing party (or parties) was $26.1K, with a price of $244.0 per contract. There were 12335 open contracts at this strike prior to today, and today 437 contract(s) were bought and sold.
• Regarding IBM IBM, we observe a put option sweep with bullish sentiment. It expires in 58 day(s) on June 16, 2023. Parties traded 126 contract(s) at a $125.00 strike. This particular put needed to be split into 14 different trades to become filled. The total cost received by the writing party (or parties) was $51.6K, with a price of $410.0 per contract. There were 6199 open contracts at this strike prior to today, and today 393 contract(s) were bought and sold.
• For RXT RXT, we notice a put option sweep that happens to be bearish, expiring in 275 day(s) on January 19, 2024. This event was a transfer of 296 contract(s) at a $2.50 strike. This particular put needed to be split into 16 different trades to become filled. The total cost received by the writing party (or parties) was $26.6K, with a price of $90.0 per contract. There were 279 open contracts at this strike prior to today, and today 296 contract(s) were bought and sold.
• For AAPL AAPL, we notice a put option sweep that happens to be bullish, expiring in 429 day(s) on June 21, 2024. This event was a transfer of 66 contract(s) at a $135.00 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 $41.9K, with a price of $635.0 per contract. There were 8669 open contracts at this strike prior to today, and today 272 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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