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.
Here's the list of options activity happening in today's session:
Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
---|---|---|---|---|---|---|---|---|
NVDA | CALL | SWEEP | BULLISH | 09/01/23 | $500.00 | $50.0K | 29.8K | 91.5K |
AAPL | CALL | SWEEP | NEUTRAL | 10/20/23 | $195.00 | $42.1K | 40.9K | 24.7K |
AMD | PUT | SWEEP | BULLISH | 10/20/23 | $105.00 | $26.5K | 19.4K | 6.1K |
PLTR | CALL | TRADE | BULLISH | 09/29/23 | $18.00 | $128.1K | 1.3K | 5.3K |
TSM | PUT | SWEEP | BULLISH | 10/20/23 | $85.00 | $104.3K | 13.0K | 1.4K |
SMCI | CALL | SWEEP | BEARISH | 09/15/23 | $300.00 | $31.0K | 2.1K | 893 |
SPLK | CALL | TRADE | BEARISH | 01/19/24 | $140.00 | $347.9K | 7.1K | 801 |
MU | PUT | TRADE | BULLISH | 09/29/23 | $68.00 | $49.1K | 102 | 612 |
AI | CALL | TRADE | BULLISH | 09/08/23 | $32.00 | $46.2K | 783 | 546 |
ADI | CALL | TRADE | BEARISH | 03/15/24 | $200.00 | $405.0K | 54 | 500 |
Explanation
These bullet-by-bullet explanations have been constructed using the accompanying table.
• Regarding NVDA NVDA, we observe a call option sweep with bullish sentiment. It expires in 2 day(s) on September 1, 2023. Parties traded 77 contract(s) at a $500.00 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 $50.0K, with a price of $650.0 per contract. There were 29818 open contracts at this strike prior to today, and today 91584 contract(s) were bought and sold.
• Regarding AAPL AAPL, we observe a call option sweep with neutral sentiment. It expires in 51 day(s) on October 20, 2023. Parties traded 152 contract(s) at a $195.00 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 $42.1K, with a price of $277.0 per contract. There were 40979 open contracts at this strike prior to today, and today 24774 contract(s) were bought and sold.
• Regarding AMD AMD, we observe a put option sweep with bullish sentiment. It expires in 51 day(s) on October 20, 2023. Parties traded 50 contract(s) at a $105.00 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 $26.5K, with a price of $530.0 per contract. There were 19495 open contracts at this strike prior to today, and today 6172 contract(s) were bought and sold.
• Regarding PLTR PLTR, we observe a call option trade with bullish sentiment. It expires in 30 day(s) on September 29, 2023. Parties traded 2562 contract(s) at a $18.00 strike. The total cost received by the writing party (or parties) was $128.1K, with a price of $50.0 per contract. There were 1383 open contracts at this strike prior to today, and today 5348 contract(s) were bought and sold.
• Regarding TSM TSM, we observe a put option sweep with bullish sentiment. It expires in 51 day(s) on October 20, 2023. Parties traded 1133 contract(s) at a $85.00 strike. This particular put needed to be split into 27 different trades to become filled. The total cost received by the writing party (or parties) was $104.3K, with a price of $92.0 per contract. There were 13032 open contracts at this strike prior to today, and today 1479 contract(s) were bought and sold.
• Regarding SMCI SMCI, we observe a call option sweep with bearish sentiment. It expires in 16 day(s) on September 15, 2023. Parties traded 50 contract(s) at a $300.00 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 $31.0K, with a price of $620.0 per contract. There were 2107 open contracts at this strike prior to today, and today 893 contract(s) were bought and sold.
• For SPLK SPLK, we notice a call option trade that happens to be bearish, expiring in 142 day(s) on January 19, 2024. This event was a transfer of 800 contract(s) at a $140.00 strike. The total cost received by the writing party (or parties) was $347.9K, with a price of $435.0 per contract. There were 7169 open contracts at this strike prior to today, and today 801 contract(s) were bought and sold.
• For MU MU, we notice a put option trade that happens to be bullish, expiring in 30 day(s) on September 29, 2023. This event was a transfer of 189 contract(s) at a $68.00 strike. The total cost received by the writing party (or parties) was $49.1K, with a price of $260.0 per contract. There were 102 open contracts at this strike prior to today, and today 612 contract(s) were bought and sold.
• Regarding AI AI, we observe a call option trade with bullish sentiment. It expires in 9 day(s) on September 8, 2023. Parties traded 200 contract(s) at a $32.00 strike. The total cost received by the writing party (or parties) was $46.2K, with a price of $231.0 per contract. There were 783 open contracts at this strike prior to today, and today 546 contract(s) were bought and sold.
• For ADI ADI, we notice a call option trade that happens to be bearish, expiring in 198 day(s) on March 15, 2024. This event was a transfer of 500 contract(s) at a $200.00 strike. The total cost received by the writing party (or parties) was $405.0K, with a price of $810.0 per contract. There were 54 open contracts at this strike prior to today, and today 500 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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