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 | CALL | SWEEP | BEARISH | 09/29/23 | $170.00 | $71.0K | 12.0K | 73.9K |
NVDA | CALL | SWEEP | BEARISH | 09/29/23 | $435.00 | $46.4K | 17.1K | 33.0K |
PLTR | CALL | SWEEP | BEARISH | 09/29/23 | $15.00 | $39.5K | 17.1K | 13.1K |
MSFT | CALL | SWEEP | BEARISH | 12/15/23 | $350.00 | $63.5K | 4.6K | 7.0K |
AMD | PUT | SWEEP | BEARISH | 11/17/23 | $105.00 | $366.5K | 5.8K | 1.5K |
MRVL | PUT | TRADE | BULLISH | 01/17/25 | $50.00 | $1.0 million | 2.3K | 1.4K |
HPE | CALL | TRADE | BULLISH | 01/17/25 | $15.00 | $418.0K | 1.4K | 951 |
INTC | PUT | SWEEP | BULLISH | 03/15/24 | $34.00 | $39.1K | 1.7K | 474 |
JKS | PUT | SWEEP | BEARISH | 01/19/24 | $30.00 | $157.4K | 92 | 393 |
AVGO | CALL | TRADE | NEUTRAL | 10/20/23 | $820.00 | $35.0K | 379 | 321 |
Explanation
These bullet-by-bullet explanations have been constructed using the accompanying table.
• For AAPL AAPL, we notice a call option sweep that happens to be bearish, expiring in 1 day(s) on September 29, 2023. This event was a transfer of 350 contract(s) at a $170.00 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 $71.0K, with a price of $203.0 per contract. There were 12066 open contracts at this strike prior to today, and today 73921 contract(s) were bought and sold.
• Regarding NVDA NVDA, we observe a call option sweep with bearish sentiment. It expires in 1 day(s) on September 29, 2023. Parties traded 200 contract(s) at a $435.00 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 $46.4K, with a price of $232.0 per contract. There were 17146 open contracts at this strike prior to today, and today 33057 contract(s) were bought and sold.
• For PLTR PLTR, we notice a call option sweep that happens to be bearish, expiring in 1 day(s) on September 29, 2023. This event was a transfer of 455 contract(s) at a $15.00 strike. This particular call needed to be split into 15 different trades to become filled. The total cost received by the writing party (or parties) was $39.5K, with a price of $87.0 per contract. There were 17112 open contracts at this strike prior to today, and today 13182 contract(s) were bought and sold.
• For MSFT MSFT, we notice a call option sweep that happens to be bearish, expiring in 78 day(s) on December 15, 2023. This event was a transfer of 155 contract(s) at a $350.00 strike. This particular call needed to be split into 13 different trades to become filled. The total cost received by the writing party (or parties) was $63.5K, with a price of $410.0 per contract. There were 4660 open contracts at this strike prior to today, and today 7048 contract(s) were bought and sold.
• For AMD AMD, we notice a put option sweep that happens to be bearish, expiring in 50 day(s) on November 17, 2023. This event was a transfer of 467 contract(s) at a $105.00 strike. This particular put needed to be split into 17 different trades to become filled. The total cost received by the writing party (or parties) was $366.5K, with a price of $785.0 per contract. There were 5831 open contracts at this strike prior to today, and today 1570 contract(s) were bought and sold.
• For MRVL MRVL, we notice a put option trade that happens to be bullish, expiring in 477 day(s) on January 17, 2025. This event was a transfer of 1400 contract(s) at a $50.00 strike. The total cost received by the writing party (or parties) was $1.0 million, with a price of $720.0 per contract. There were 2396 open contracts at this strike prior to today, and today 1400 contract(s) were bought and sold.
• Regarding HPE HPE, we observe a call option trade with bullish sentiment. It expires in 477 day(s) on January 17, 2025. Parties traded 950 contract(s) at a $15.00 strike. The total cost received by the writing party (or parties) was $418.0K, with a price of $440.0 per contract. There were 1406 open contracts at this strike prior to today, and today 951 contract(s) were bought and sold.
• For INTC INTC, we notice a put option sweep that happens to be bullish, expiring in 169 day(s) on March 15, 2024. This event was a transfer of 146 contract(s) at a $34.00 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 $39.1K, with a price of $268.0 per contract. There were 1769 open contracts at this strike prior to today, and today 474 contract(s) were bought and sold.
• Regarding JKS JKS, we observe a put option sweep with bearish sentiment. It expires in 113 day(s) on January 19, 2024. Parties traded 375 contract(s) at a $30.00 strike. This particular put needed to be split into 17 different trades to become filled. The total cost received by the writing party (or parties) was $157.4K, with a price of $420.0 per contract. There were 92 open contracts at this strike prior to today, and today 393 contract(s) were bought and sold.
• Regarding AVGO AVGO, we observe a call option trade with neutral sentiment. It expires in 22 day(s) on October 20, 2023. Parties traded 10 contract(s) at a $820.00 strike. The total cost received by the writing party (or parties) was $35.0K, with a price of $3504.0 per contract. There were 379 open contracts at this strike prior to today, and today 321 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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