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 |
---|---|---|---|---|---|---|---|---|
AMD | CALL | SWEEP | BEARISH | 12/15/23 | $130.00 | $75.8K | 29.2K | 24.5K |
AAPL | CALL | TRADE | BULLISH | 12/15/23 | $160.00 | $17.5 million | 23.1K | 5.0K |
NVDA | CALL | SWEEP | BULLISH | 12/15/23 | $460.00 | $124.4K | 8.1K | 4.0K |
RIOT | CALL | SWEEP | BEARISH | 01/19/24 | $13.00 | $47.7K | 8.1K | 3.1K |
S | CALL | SWEEP | BEARISH | 01/17/25 | $23.00 | $52.2K | 548 | 2.6K |
CRWD | CALL | TRADE | BULLISH | 12/15/23 | $240.00 | $237.0K | 2.0K | 1.5K |
MSFT | CALL | TRADE | BULLISH | 12/15/23 | $330.00 | $29.0K | 6.9K | 467 |
TSM | CALL | SWEEP | BULLISH | 04/19/24 | $100.00 | $164.7K | 3.1K | 383 |
AVGO | PUT | TRADE | NEUTRAL | 12/15/23 | $860.00 | $34.0K | 1.2K | 294 |
SMCI | CALL | SWEEP | BULLISH | 12/15/23 | $290.00 | $26.4K | 796 | 254 |
Explanation
These bullet-by-bullet explanations have been constructed using the accompanying table.
• For AMD AMD, we notice a call option sweep that happens to be bearish, expiring in 8 day(s) on December 15, 2023. This event was a transfer of 421 contract(s) at a $130.00 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 $75.8K, with a price of $180.0 per contract. There were 29235 open contracts at this strike prior to today, and today 24540 contract(s) were bought and sold.
• Regarding AAPL AAPL, we observe a call option trade with bullish sentiment. It expires in 8 day(s) on December 15, 2023. Parties traded 5000 contract(s) at a $160.00 strike. The total cost received by the writing party (or parties) was $17.5 million, with a price of $3511.0 per contract. There were 23114 open contracts at this strike prior to today, and today 5027 contract(s) were bought and sold.
• Regarding NVDA NVDA, we observe a call option sweep with bullish sentiment. It expires in 8 day(s) on December 15, 2023. Parties traded 100 contract(s) at a $460.00 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 $124.4K, with a price of $1245.0 per contract. There were 8177 open contracts at this strike prior to today, and today 4010 contract(s) were bought and sold.
• Regarding RIOT RIOT, we observe a call option sweep with bearish sentiment. It expires in 43 day(s) on January 19, 2024. Parties traded 147 contract(s) at a $13.00 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 $47.7K, with a price of $325.0 per contract. There were 8198 open contracts at this strike prior to today, and today 3152 contract(s) were bought and sold.
• For S S, we notice a call option sweep that happens to be bearish, expiring in 407 day(s) on January 17, 2025. This event was a transfer of 95 contract(s) at a $23.00 strike. This particular call needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $52.2K, with a price of $550.0 per contract. There were 548 open contracts at this strike prior to today, and today 2640 contract(s) were bought and sold.
• Regarding CRWD CRWD, we observe a call option trade with bullish sentiment. It expires in 8 day(s) on December 15, 2023. Parties traded 500 contract(s) at a $240.00 strike. The total cost received by the writing party (or parties) was $237.0K, with a price of $474.0 per contract. There were 2075 open contracts at this strike prior to today, and today 1539 contract(s) were bought and sold.
• Regarding MSFT MSFT, we observe a call option trade with bullish sentiment. It expires in 8 day(s) on December 15, 2023. Parties traded 7 contract(s) at a $330.00 strike. The total cost received by the writing party (or parties) was $29.0K, with a price of $4150.0 per contract. There were 6950 open contracts at this strike prior to today, and today 467 contract(s) were bought and sold.
• Regarding TSM TSM, we observe a call option sweep with bullish sentiment. It expires in 134 day(s) on April 19, 2024. Parties traded 244 contract(s) at a $100.00 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 $164.7K, with a price of $675.0 per contract. There were 3108 open contracts at this strike prior to today, and today 383 contract(s) were bought and sold.
• For AVGO AVGO, we notice a put option trade that happens to be neutral, expiring in 8 day(s) on December 15, 2023. This event was a transfer of 100 contract(s) at a $860.00 strike. The total cost received by the writing party (or parties) was $34.0K, with a price of $340.0 per contract. There were 1273 open contracts at this strike prior to today, and today 294 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 December 15, 2023. This event was a transfer of 220 contract(s) at a $290.00 strike. This particular call needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $26.4K, with a price of $120.0 per contract. There were 796 open contracts at this strike prior to today, and today 254 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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