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 | BULLISH | 01/05/24 | $485.00 | $27.1K | 7.1K | 33.9K |
MARA | CALL | TRADE | BULLISH | 03/15/24 | $25.00 | $62.8K | 7.5K | 2.1K |
AAPL | CALL | SWEEP | NEUTRAL | 01/05/24 | $175.00 | $30.2K | 397 | 1.8K |
AMBA | PUT | SWEEP | BEARISH | 02/16/24 | $70.00 | $34.8K | 3.0K | 1.8K |
TSM | CALL | TRADE | BEARISH | 01/19/24 | $100.00 | $222.0K | 22.9K | 1.7K |
PSTG | CALL | SWEEP | BULLISH | 01/19/24 | $30.00 | $569.5K | 5.9K | 1.3K |
AMD | PUT | SWEEP | BEARISH | 01/12/24 | $136.00 | $56.8K | 1.3K | 1.2K |
IONQ | CALL | SWEEP | BULLISH | 06/21/24 | $17.50 | $159.3K | 1.5K | 1.0K |
MSFT | CALL | TRADE | BULLISH | 01/17/25 | $375.00 | $44.5K | 2.5K | 404 |
ORCL | CALL | TRADE | BULLISH | 06/21/24 | $105.00 | $54.0K | 5.2K | 403 |
Explanation
These bullet-by-bullet explanations have been constructed using the accompanying table.
• For NVDA NVDA, we notice a call option sweep that happens to be bullish, expiring in 1 day(s) on January 5, 2024. This event was a transfer of 125 contract(s) at a $485.00 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 $27.1K, with a price of $216.0 per contract. There were 7128 open contracts at this strike prior to today, and today 33960 contract(s) were bought and sold.
• For MARA MARA, we notice a call option trade that happens to be bullish, expiring in 71 day(s) on March 15, 2024. This event was a transfer of 99 contract(s) at a $25.00 strike. The total cost received by the writing party (or parties) was $62.8K, with a price of $635.0 per contract. There were 7520 open contracts at this strike prior to today, and today 2189 contract(s) were bought and sold.
• For AAPL AAPL, we notice a call option sweep that happens to be neutral, expiring in 1 day(s) on January 5, 2024. This event was a transfer of 42 contract(s) at a $175.00 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 $30.2K, with a price of $720.0 per contract. There were 397 open contracts at this strike prior to today, and today 1895 contract(s) were bought and sold.
• For AMBA AMBA, we notice a put option sweep that happens to be bearish, expiring in 43 day(s) on February 16, 2024. This event was a transfer of 24 contract(s) at a $70.00 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 $34.8K, with a price of $1450.0 per contract. There were 3098 open contracts at this strike prior to today, and today 1849 contract(s) were bought and sold.
• For TSM TSM, we notice a call option trade that happens to be bearish, expiring in 15 day(s) on January 19, 2024. This event was a transfer of 750 contract(s) at a $100.00 strike. The total cost received by the writing party (or parties) was $222.0K, with a price of $296.0 per contract. There were 22996 open contracts at this strike prior to today, and today 1703 contract(s) were bought and sold.
• For PSTG PSTG, we notice a call option sweep that happens to be bullish, expiring in 15 day(s) on January 19, 2024. This event was a transfer of 850 contract(s) at a $30.00 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 $569.5K, with a price of $670.0 per contract. There were 5973 open contracts at this strike prior to today, and today 1350 contract(s) were bought and sold.
• Regarding AMD AMD, we observe a put option sweep with bearish sentiment. It expires in 8 day(s) on January 12, 2024. Parties traded 200 contract(s) at a $136.00 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 $56.8K, with a price of $284.0 per contract. There were 1354 open contracts at this strike prior to today, and today 1206 contract(s) were bought and sold.
• For IONQ IONQ, we notice a call option sweep that happens to be bullish, expiring in 169 day(s) on June 21, 2024. This event was a transfer of 1062 contract(s) at a $17.50 strike. This particular call needed to be split into 41 different trades to become filled. The total cost received by the writing party (or parties) was $159.3K, with a price of $150.0 per contract. There were 1522 open contracts at this strike prior to today, and today 1067 contract(s) were bought and sold.
• Regarding MSFT MSFT, we observe a call option trade with bullish sentiment. It expires in 379 day(s) on January 17, 2025. Parties traded 10 contract(s) at a $375.00 strike. The total cost received by the writing party (or parties) was $44.5K, with a price of $4459.0 per contract. There were 2513 open contracts at this strike prior to today, and today 404 contract(s) were bought and sold.
• For ORCL ORCL, we notice a call option trade that happens to be bullish, expiring in 169 day(s) on June 21, 2024. This event was a transfer of 72 contract(s) at a $105.00 strike. The total cost received by the writing party (or parties) was $54.0K, with a price of $750.0 per contract. There were 5219 open contracts at this strike prior to today, and today 403 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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