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 | BEARISH | 09/01/23 | $495.00 | $170.6K | 8.1K | 32.7K |
INTC | CALL | SWEEP | BULLISH | 09/01/23 | $35.00 | $87.6K | 7.0K | 27.4K |
MSFT | CALL | SWEEP | BULLISH | 09/01/23 | $330.00 | $29.7K | 11.3K | 26.6K |
MARA | CALL | SWEEP | BULLISH | 01/19/24 | $30.00 | $51.5K | 14.6K | 8.7K |
PLTR | PUT | SWEEP | BULLISH | 01/19/24 | $15.00 | $80.3K | 22.1K | 3.4K |
ORCL | PUT | TRADE | BULLISH | 12/19/25 | $45.00 | $161.5K | 2.7K | 1.7K |
CRM | CALL | SWEEP | BULLISH | 06/21/24 | $230.00 | $326.9K | 1.3K | 1.3K |
WULF | CALL | SWEEP | BEARISH | 01/17/25 | $1.50 | $28.2K | 1.2K | 1.1K |
SMCI | CALL | SWEEP | BULLISH | 09/08/23 | $285.00 | $33.3K | 264 | 777 |
AAPL | PUT | SWEEP | BULLISH | 12/15/23 | $170.00 | $26.0K | 17.5K | 473 |
Explanation
These itemized elaborations have been created using the accompanying table.
• Regarding NVDA NVDA, we observe a call option sweep with bearish sentiment. It expires in 1 day(s) on September 1, 2023. Parties traded 397 contract(s) at a $495.00 strike. This particular call needed to be split into 30 different trades to become filled. The total cost received by the writing party (or parties) was $170.6K, with a price of $420.0 per contract. There were 8145 open contracts at this strike prior to today, and today 32753 contract(s) were bought and sold.
• For INTC INTC, we notice a call option sweep that happens to be bullish, expiring in 1 day(s) on September 1, 2023. This event was a transfer of 2402 contract(s) at a $35.00 strike. This particular call needed to be split into 31 different trades to become filled. The total cost received by the writing party (or parties) was $87.6K, with a price of $36.0 per contract. There were 7085 open contracts at this strike prior to today, and today 27470 contract(s) were bought and sold.
• Regarding MSFT MSFT, we observe a call option sweep with bullish sentiment. It expires in 1 day(s) on September 1, 2023. Parties traded 300 contract(s) at a $330.00 strike. This particular call needed to be split into 16 different trades to become filled. The total cost received by the writing party (or parties) was $29.7K, with a price of $99.0 per contract. There were 11372 open contracts at this strike prior to today, and today 26674 contract(s) were bought and sold.
• For MARA MARA, we notice a call option sweep that happens to be bullish, expiring in 141 day(s) on January 19, 2024. This event was a transfer of 880 contract(s) at a $30.00 strike. This particular call needed to be split into 32 different trades to become filled. The total cost received by the writing party (or parties) was $51.5K, with a price of $59.0 per contract. There were 14623 open contracts at this strike prior to today, and today 8759 contract(s) were bought and sold.
• Regarding PLTR PLTR, we observe a put option sweep with bullish sentiment. It expires in 141 day(s) on January 19, 2024. Parties traded 366 contract(s) at a $15.00 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 $80.3K, with a price of $219.0 per contract. There were 22182 open contracts at this strike prior to today, and today 3413 contract(s) were bought and sold.
• Regarding ORCL ORCL, we observe a put option trade with bullish sentiment. It expires in 841 day(s) on December 19, 2025. Parties traded 1700 contract(s) at a $45.00 strike. The total cost received by the writing party (or parties) was $161.5K, with a price of $95.0 per contract. There were 2751 open contracts at this strike prior to today, and today 1700 contract(s) were bought and sold.
• Regarding CRM CRM, we observe a call option sweep with bullish sentiment. It expires in 295 day(s) on June 21, 2024. Parties traded 126 contract(s) at a $230.00 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 $326.9K, with a price of $2595.0 per contract. There were 1360 open contracts at this strike prior to today, and today 1351 contract(s) were bought and sold.
• For WULF WULF, we notice a call option sweep that happens to be bearish, expiring in 505 day(s) on January 17, 2025. This event was a transfer of 226 contract(s) at a $1.50 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 $28.2K, with a price of $126.0 per contract. There were 1205 open contracts at this strike prior to today, and today 1127 contract(s) were bought and sold.
• For SMCI SMCI, we notice a call option sweep that happens to be bullish, expiring in 8 day(s) on September 8, 2023. This event was a transfer of 50 contract(s) at a $285.00 strike. This particular call needed to be split into 14 different trades to become filled. The total cost received by the writing party (or parties) was $33.3K, with a price of $670.0 per contract. There were 264 open contracts at this strike prior to today, and today 777 contract(s) were bought and sold.
• For AAPL AAPL, we notice a put option sweep that happens to be bullish, expiring in 106 day(s) on December 15, 2023. This event was a transfer of 100 contract(s) at a $170.00 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 $26.0K, with a price of $260.0 per contract. There were 17568 open contracts at this strike prior to today, and today 473 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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