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 | PUT | SWEEP | BULLISH | 12/01/23 | $480.00 | $38.9K | 8.1K | 20.3K |
MSFT | PUT | SWEEP | BEARISH | 12/01/23 | $380.00 | $124.2K | 5.5K | 12.4K |
AAPL | PUT | SWEEP | BULLISH | 12/15/23 | $180.00 | $33.3K | 71.2K | 9.3K |
JBL | PUT | SWEEP | BEARISH | 12/15/23 | $115.00 | $34.2K | 593 | 3.8K |
NTNX | CALL | TRADE | BEARISH | 12/15/23 | $42.50 | $29.7K | 6.9K | 3.6K |
WDAY | CALL | SWEEP | BULLISH | 12/01/23 | $260.00 | $36.7K | 2.0K | 3.1K |
HCP | PUT | SWEEP | BEARISH | 12/15/23 | $17.50 | $45.1K | 11.5K | 3.0K |
CRM | CALL | TRADE | BEARISH | 12/01/23 | $245.00 | $86.0K | 1.2K | 2.9K |
TSM | PUT | SWEEP | BEARISH | 01/19/24 | $90.00 | $130.7K | 12.6K | 1.4K |
MU | CALL | TRADE | BULLISH | 04/19/24 | $100.00 | $25.8K | 2.1K | 1.3K |
Explanation
These bullet-by-bullet explanations have been constructed using the accompanying table.
• For NVDA NVDA, we notice a put option sweep that happens to be bullish, expiring in 2 day(s) on December 1, 2023. This event was a transfer of 101 contract(s) at a $480.00 strike. This particular put needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $38.9K, with a price of $387.0 per contract. There were 8109 open contracts at this strike prior to today, and today 20394 contract(s) were bought and sold.
• For MSFT MSFT, we notice a put option sweep that happens to be bearish, expiring in 2 day(s) on December 1, 2023. This event was a transfer of 404 contract(s) at a $380.00 strike. This particular put needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $124.2K, with a price of $310.0 per contract. There were 5587 open contracts at this strike prior to today, and today 12489 contract(s) were bought and sold.
• Regarding AAPL AAPL, we observe a put option sweep with bullish sentiment. It expires in 16 day(s) on December 15, 2023. Parties traded 900 contract(s) at a $180.00 strike. This particular put needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $33.3K, with a price of $37.0 per contract. There were 71235 open contracts at this strike prior to today, and today 9374 contract(s) were bought and sold.
• For JBL JBL, we notice a put option sweep that happens to be bearish, expiring in 16 day(s) on December 15, 2023. This event was a transfer of 58 contract(s) at a $115.00 strike. This particular put needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $34.2K, with a price of $590.0 per contract. There were 593 open contracts at this strike prior to today, and today 3898 contract(s) were bought and sold.
• Regarding NTNX NTNX, we observe a call option trade with bearish sentiment. It expires in 16 day(s) on December 15, 2023. Parties traded 175 contract(s) at a $42.50 strike. The total cost received by the writing party (or parties) was $29.7K, with a price of $170.0 per contract. There were 6915 open contracts at this strike prior to today, and today 3691 contract(s) were bought and sold.
• Regarding WDAY WDAY, we observe a call option sweep with bullish sentiment. It expires in 2 day(s) on December 1, 2023. Parties traded 35 contract(s) at a $260.00 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 $36.7K, with a price of $1050.0 per contract. There were 2036 open contracts at this strike prior to today, and today 3162 contract(s) were bought and sold.
• Regarding HCP HCP, we observe a put option sweep with bearish sentiment. It expires in 16 day(s) on December 15, 2023. Parties traded 2247 contract(s) at a $17.50 strike. This particular put needed to be split into 39 different trades to become filled. The total cost received by the writing party (or parties) was $45.1K, with a price of $20.0 per contract. There were 11574 open contracts at this strike prior to today, and today 3027 contract(s) were bought and sold.
• Regarding CRM CRM, we observe a call option trade with bearish sentiment. It expires in 2 day(s) on December 1, 2023. Parties traded 500 contract(s) at a $245.00 strike. The total cost received by the writing party (or parties) was $86.0K, with a price of $172.0 per contract. There were 1253 open contracts at this strike prior to today, and today 2987 contract(s) were bought and sold.
• Regarding TSM TSM, we observe a put option sweep with bearish sentiment. It expires in 51 day(s) on January 19, 2024. Parties traded 1379 contract(s) at a $90.00 strike. This particular put needed to be split into 77 different trades to become filled. The total cost received by the writing party (or parties) was $130.7K, with a price of $95.0 per contract. There were 12620 open contracts at this strike prior to today, and today 1452 contract(s) were bought and sold.
• Regarding MU MU, we observe a call option trade with bullish sentiment. It expires in 142 day(s) on April 19, 2024. Parties traded 284 contract(s) at a $100.00 strike. The total cost received by the writing party (or parties) was $25.8K, with a price of $91.0 per contract. There were 2142 open contracts at this strike prior to today, and today 1398 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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