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 |
---|---|---|---|---|---|---|---|---|
AAPL | PUT | SWEEP | BEARISH | 11/17/23 | $180.00 | $29.0K | 23.7K | 12.1K |
NVDA | CALL | SWEEP | BULLISH | 08/25/23 | $550.00 | $29.6K | 9.2K | 8.9K |
AMD | CALL | SWEEP | BEARISH | 08/25/23 | $111.00 | $44.9K | 4.9K | 5.8K |
TSM | CALL | SWEEP | BEARISH | 08/25/23 | $95.00 | $32.5K | 2.8K | 3.1K |
SNOW | CALL | TRADE | BEARISH | 08/25/23 | $160.00 | $27.4K | 10.5K | 1.8K |
INTC | PUT | SWEEP | BULLISH | 12/15/23 | $26.00 | $50.7K | 1.5K | 1.2K |
MU | PUT | SWEEP | BULLISH | 09/01/23 | $62.00 | $33.5K | 219 | 1.0K |
ADI | CALL | TRADE | NEUTRAL | 09/29/23 | $185.00 | $251.8K | 8 | 936 |
MSFT | CALL | TRADE | BULLISH | 09/08/23 | $320.00 | $40.9K | 723 | 438 |
FSLR | CALL | TRADE | BULLISH | 09/01/23 | $170.00 | $26.9K | 30 | 339 |
Explanation
These itemized elaborations have been created using the accompanying table.
• For AAPL AAPL, we notice a put option sweep that happens to be bearish, expiring in 86 day(s) on November 17, 2023. This event was a transfer of 44 contract(s) at a $180.00 strike. This particular put needed to be split into 29 different trades to become filled. The total cost received by the writing party (or parties) was $29.0K, with a price of $660.0 per contract. There were 23776 open contracts at this strike prior to today, and today 12110 contract(s) were bought and sold.
• For NVDA NVDA, we notice a call option sweep that happens to be bullish, expiring in 2 day(s) on August 25, 2023. This event was a transfer of 86 contract(s) at a $550.00 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 $29.6K, with a price of $345.0 per contract. There were 9240 open contracts at this strike prior to today, and today 8994 contract(s) were bought and sold.
• Regarding AMD AMD, we observe a call option sweep with bearish sentiment. It expires in 2 day(s) on August 25, 2023. Parties traded 304 contract(s) at a $111.00 strike. This particular call needed to be split into 24 different trades to become filled. The total cost received by the writing party (or parties) was $44.9K, with a price of $148.0 per contract. There were 4975 open contracts at this strike prior to today, and today 5803 contract(s) were bought and sold.
• For TSM TSM, we notice a call option sweep that happens to be bearish, expiring in 2 day(s) on August 25, 2023. This event was a transfer of 210 contract(s) at a $95.00 strike. This particular call needed to be split into 25 different trades to become filled. The total cost received by the writing party (or parties) was $32.5K, with a price of $155.0 per contract. There were 2844 open contracts at this strike prior to today, and today 3133 contract(s) were bought and sold.
• For SNOW SNOW, we notice a call option trade that happens to be bearish, expiring in 2 day(s) on August 25, 2023. This event was a transfer of 40 contract(s) at a $160.00 strike. The total cost received by the writing party (or parties) was $27.4K, with a price of $685.0 per contract. There were 10515 open contracts at this strike prior to today, and today 1857 contract(s) were bought and sold.
• Regarding INTC INTC, we observe a put option sweep with bullish sentiment. It expires in 114 day(s) on December 15, 2023. Parties traded 1208 contract(s) at a $26.00 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 $50.7K, with a price of $42.0 per contract. There were 1534 open contracts at this strike prior to today, and today 1208 contract(s) were bought and sold.
• Regarding MU MU, we observe a put option sweep with bullish sentiment. It expires in 9 day(s) on September 1, 2023. Parties traded 500 contract(s) at a $62.00 strike. This particular put needed to be split into 36 different trades to become filled. The total cost received by the writing party (or parties) was $33.5K, with a price of $67.0 per contract. There were 219 open contracts at this strike prior to today, and today 1005 contract(s) were bought and sold.
• Regarding ADI ADI, we observe a call option trade with neutral sentiment. It expires in 37 day(s) on September 29, 2023. Parties traded 815 contract(s) at a $185.00 strike. The total cost received by the writing party (or parties) was $251.8K, with a price of $309.0 per contract. There were 8 open contracts at this strike prior to today, and today 936 contract(s) were bought and sold.
• For MSFT MSFT, we notice a call option trade that happens to be bullish, expiring in 16 day(s) on September 8, 2023. This event was a transfer of 31 contract(s) at a $320.00 strike. The total cost received by the writing party (or parties) was $40.9K, with a price of $1320.0 per contract. There were 723 open contracts at this strike prior to today, and today 438 contract(s) were bought and sold.
• For FSLR FSLR, we notice a call option trade that happens to be bullish, expiring in 9 day(s) on September 1, 2023. This event was a transfer of 20 contract(s) at a $170.00 strike. The total cost received by the writing party (or parties) was $26.9K, with a price of $1345.0 per contract. There were 30 open contracts at this strike prior to today, and today 339 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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