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 | TRADE | NEUTRAL | 08/11/23 | $430.00 | $126.5K | 4.3K | 27.8K |
RIOT | PUT | TRADE | BULLISH | 08/11/23 | $16.00 | $73.7K | 3.2K | 12.2K |
AMD | CALL | SWEEP | BULLISH | 08/11/23 | $110.00 | $90.1K | 2.2K | 11.7K |
MARA | CALL | SWEEP | BULLISH | 08/18/23 | $15.50 | $25.4K | 2.1K | 2.0K |
DDOG | PUT | TRADE | BULLISH | 10/20/23 | $80.00 | $652.4K | 605 | 1.5K |
MSFT | CALL | SWEEP | BULLISH | 09/15/23 | $330.00 | $31.8K | 16.4K | 1.5K |
SMCI | PUT | SWEEP | BULLISH | 08/18/23 | $250.00 | $44.2K | 500 | 1.2K |
U | PUT | SWEEP | BEARISH | 09/15/23 | $35.00 | $156.9K | 1.0K | 1.1K |
AAPL | CALL | TRADE | BULLISH | 01/19/24 | $180.00 | $25.7K | 57.9K | 857 |
PLTR | PUT | SWEEP | BULLISH | 03/15/24 | $11.00 | $96.1K | 70 | 810 |
Explanation
These itemized elaborations have been created using the accompanying table.
• Regarding NVDA NVDA, we observe a call option trade with neutral sentiment. It expires in 2 day(s) on August 11, 2023. Parties traded 230 contract(s) at a $430.00 strike. The total cost received by the writing party (or parties) was $126.5K, with a price of $550.0 per contract. There were 4352 open contracts at this strike prior to today, and today 27808 contract(s) were bought and sold.
• For RIOT RIOT, we notice a put option trade that happens to be bullish, expiring in 2 day(s) on August 11, 2023. This event was a transfer of 1677 contract(s) at a $16.00 strike. The total cost received by the writing party (or parties) was $73.7K, with a price of $44.0 per contract. There were 3269 open contracts at this strike prior to today, and today 12245 contract(s) were bought and sold.
• For AMD AMD, we notice a call option sweep that happens to be bullish, expiring in 2 day(s) on August 11, 2023. This event was a transfer of 500 contract(s) at a $110.00 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 $90.1K, with a price of $181.0 per contract. There were 2291 open contracts at this strike prior to today, and today 11793 contract(s) were bought and sold.
• For MARA MARA, we notice a call option sweep that happens to be bullish, expiring in 9 day(s) on August 18, 2023. This event was a transfer of 200 contract(s) at a $15.50 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 $25.4K, with a price of $127.0 per contract. There were 2100 open contracts at this strike prior to today, and today 2005 contract(s) were bought and sold.
• Regarding DDOG DDOG, we observe a put option trade with bullish sentiment. It expires in 72 day(s) on October 20, 2023. Parties traded 1500 contract(s) at a $80.00 strike. The total cost received by the writing party (or parties) was $652.4K, with a price of $435.0 per contract. There were 605 open contracts at this strike prior to today, and today 1583 contract(s) were bought and sold.
• For MSFT MSFT, we notice a call option sweep that happens to be bullish, expiring in 37 day(s) on September 15, 2023. This event was a transfer of 40 contract(s) at a $330.00 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 $31.8K, with a price of $795.0 per contract. There were 16447 open contracts at this strike prior to today, and today 1522 contract(s) were bought and sold.
• For SMCI SMCI, we notice a put option sweep that happens to be bullish, expiring in 9 day(s) on August 18, 2023. This event was a transfer of 82 contract(s) at a $250.00 strike. This particular put needed to be split into 8 different trades to become filled. The total cost received by the writing party (or parties) was $44.2K, with a price of $540.0 per contract. There were 500 open contracts at this strike prior to today, and today 1216 contract(s) were bought and sold.
• Regarding U U, we observe a put option sweep with bearish sentiment. It expires in 37 day(s) on September 15, 2023. Parties traded 1082 contract(s) at a $35.00 strike. This particular put needed to be split into 37 different trades to become filled. The total cost received by the writing party (or parties) was $156.9K, with a price of $145.0 per contract. There were 1080 open contracts at this strike prior to today, and today 1122 contract(s) were bought and sold.
• Regarding AAPL AAPL, we observe a call option trade with bullish sentiment. It expires in 163 day(s) on January 19, 2024. Parties traded 21 contract(s) at a $180.00 strike. The total cost received by the writing party (or parties) was $25.7K, with a price of $1225.0 per contract. There were 57979 open contracts at this strike prior to today, and today 857 contract(s) were bought and sold.
• Regarding PLTR PLTR, we observe a put option sweep with bullish sentiment. It expires in 219 day(s) on March 15, 2024. Parties traded 1000 contract(s) at a $11.00 strike. This particular put needed to be split into 24 different trades to become filled. The total cost received by the writing party (or parties) was $96.1K, with a price of $96.0 per contract. There were 70 open contracts at this strike prior to today, and today 810 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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