10 Information Technology Stocks Whale Activity In Today's Session

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:

Explanation

These itemized elaborations have been created using the accompanying table.

• For NVDA NVDA, we notice a call option sweep that happens to be bullish, expiring in 2 day(s) on July 28, 2023. This event was a transfer of 55 contract(s) at a $452.50 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 $35.7K, with a price of $650.0 per contract. There were 2260 open contracts at this strike prior to today, and today 8833 contract(s) were bought and sold.

• Regarding INTC INTC, we observe a call option sweep with bearish sentiment. It expires in 51 day(s) on September 15, 2023. Parties traded 310 contract(s) at a $35.00 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $49.6K, with a price of $160.0 per contract. There were 27307 open contracts at this strike prior to today, and today 2965 contract(s) were bought and sold.

• For STX STX, we notice a put option trade that happens to be bullish, expiring in 23 day(s) on August 18, 2023. This event was a transfer of 1500 contract(s) at a $50.00 strike. The total cost received by the writing party (or parties) was $63.0K, with a price of $42.0 per contract. There were 145 open contracts at this strike prior to today, and today 1502 contract(s) were bought and sold.

• Regarding NTAP NTAP, we observe a call option sweep with bearish sentiment. It expires in 51 day(s) on September 15, 2023. Parties traded 369 contract(s) at a $85.00 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 $25.9K, with a price of $71.0 per contract. There were 118 open contracts at this strike prior to today, and today 946 contract(s) were bought and sold.

• For AVGO AVGO, we notice a put option sweep that happens to be bullish, expiring in 2 day(s) on July 28, 2023. This event was a transfer of 30 contract(s) at a $890.00 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 $28.2K, with a price of $940.0 per contract. There were 466 open contracts at this strike prior to today, and today 636 contract(s) were bought and sold.

• For MU MU, we notice a put option sweep that happens to be bearish, expiring in 51 day(s) on September 15, 2023. This event was a transfer of 301 contract(s) at a $65.00 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 $62.6K, with a price of $208.0 per contract. There were 7330 open contracts at this strike prior to today, and today 617 contract(s) were bought and sold.

• Regarding MSFT MSFT, we observe a put option trade with neutral sentiment. It expires in 51 day(s) on September 15, 2023. Parties traded 20 contract(s) at a $350.00 strike. The total cost received by the writing party (or parties) was $40.5K, with a price of $2025.0 per contract. There were 4287 open contracts at this strike prior to today, and today 570 contract(s) were bought and sold.

• Regarding AAPL AAPL, we observe a call option sweep with bullish sentiment. It expires in 177 day(s) on January 19, 2024. Parties traded 220 contract(s) at a $215.00 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $100.1K, with a price of $455.0 per contract. There were 61222 open contracts at this strike prior to today, and today 524 contract(s) were bought and sold.

• For AMD AMD, we notice a call option sweep that happens to be bearish, expiring in 331 day(s) on June 21, 2024. This event was a transfer of 31 contract(s) at a $110.00 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 $66.2K, with a price of $2141.0 per contract. There were 5161 open contracts at this strike prior to today, and today 481 contract(s) were bought and sold.

• For SNOW SNOW, we notice a call option sweep that happens to be bullish, expiring in 23 day(s) on August 18, 2023. This event was a transfer of 100 contract(s) at a $180.00 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 $48.0K, with a price of $480.0 per contract. There were 3020 open contracts at this strike prior to today, and today 452 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.