This unusual options alert can help traders track potentially big trading opportunities. Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Unusual trading activity could push option prices to hyperbolic or underperforming levels.
Below are some instances of unusual 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 | BULLISH | 04/23/21 | $133.00 | $33.0K | 28.3K | 53.2K |
| MSFT | CALL | SWEEP | BULLISH | 04/23/21 | $260.00 | $36.5K | 9.9K | 18.5K |
| SQ | CALL | SWEEP | BULLISH | 04/23/21 | $245.00 | $30.6K | 1.6K | 12.4K |
| NVDA | CALL | TRADE | BULLISH | 04/23/21 | $610.00 | $43.4K | 2.5K | 10.4K |
| AMD | CALL | TRADE | BEARISH | 04/30/21 | $85.00 | $59.1K | 11.6K | 7.9K |
| PYPL | CALL | TRADE | BEARISH | 04/30/21 | $267.50 | $187.5K | 726 | 1.8K |
| STX | CALL | SWEEP | BULLISH | 01/21/22 | $105.00 | $94.7K | 13 | 754 |
| AMBA | CALL | SWEEP | BULLISH | 05/21/21 | $105.00 | $176.8K | 280 | 536 |
| AMAT | CALL | TRADE | BEARISH | 04/23/21 | $132.00 | $38.8K | 697 | 467 |
| ORCL | CALL | TRADE | BULLISH | 04/30/21 | $73.50 | $30.0K | 151 | 418 |
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 bullish, is expiring today. Parties traded 250 contract(s) at a $133.00 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $33.0K, with a price of $132.0 per contract. There were 28302 open contracts at this strike prior to today, and today 53291 contract(s) were bought and sold.
• For MSFT MSFT, we notice a call option sweep that happens to be bullish, is expiring today. Parties traded 333 contract(s) at a $260.00 strike. This particular call needed to be split into 23 different trades to become filled. The total cost received by the writing party (or parties) was $36.5K, with a price of $111.0 per contract. There were 9982 open contracts at this strike prior to today, and today 18509 contract(s) were bought and sold.
• For SQ SQ, we notice a call option sweep that happens to be bullish, is expiring today. Parties traded 204 contract(s) at a $245.00 strike. This particular call needed to be split into 10 different trades to become filled. The total cost received by the writing party (or parties) was $30.6K, with a price of $150.0 per contract. There were 1633 open contracts at this strike prior to today, and today 12418 contract(s) were bought and sold.
• For NVDA NVDA, we notice a call option trade that happens to be bullish, is expiring today. Parties traded 395 contract(s) at a $610.00 strike. The total cost received by the writing party (or parties) was $43.4K, with a price of $110.0 per contract. There were 2525 open contracts at this strike prior to today, and today 10405 contract(s) were bought and sold.
• Regarding AMD AMD, we observe a call option trade with bearish sentiment. It expires in 7 day(s) on April 30, 2021. Parties traded 300 contract(s) at a $85.00 strike. The total cost received by the writing party (or parties) was $59.1K, with a price of $197.0 per contract. There were 11673 open contracts at this strike prior to today, and today 7980 contract(s) were bought and sold.
• Regarding PYPL PYPL, we observe a call option trade with bearish sentiment. It expires in 7 day(s) on April 30, 2021. Parties traded 500 contract(s) at a $267.50 strike. The total cost received by the writing party (or parties) was $187.5K, with a price of $375.0 per contract. There were 726 open contracts at this strike prior to today, and today 1830 contract(s) were bought and sold.
• Regarding STX STX, we observe a call option sweep with bullish sentiment. It expires in 273 day(s) on January 21, 2022. Parties traded 250 contract(s) at a $105.00 strike. This particular call needed to be split into 26 different trades to become filled. The total cost received by the writing party (or parties) was $94.7K, with a price of $380.0 per contract. There were 13 open contracts at this strike prior to today, and today 754 contract(s) were bought and sold.
• For AMBA AMBA, we notice a call option sweep that happens to be bullish, expiring in 28 day(s) on May 21, 2021. This event was a transfer of 340 contract(s) at a $105.00 strike. This particular call needed to be split into 40 different trades to become filled. The total cost received by the writing party (or parties) was $176.8K, with a price of $520.0 per contract. There were 280 open contracts at this strike prior to today, and today 536 contract(s) were bought and sold.
• For AMAT AMAT, we notice a call option trade that happens to be bearish, is expiring today. Parties traded 200 contract(s) at a $132.00 strike. The total cost received by the writing party (or parties) was $38.8K, with a price of $194.0 per contract. There were 697 open contracts at this strike prior to today, and today 467 contract(s) were bought and sold.
• Regarding ORCL ORCL, we observe a call option trade with bullish sentiment. It expires in 7 day(s) on April 30, 2021. Parties traded 200 contract(s) at a $73.50 strike. The total cost received by the writing party (or parties) was $30.0K, with a price of $150.0 per contract. There were 151 open contracts at this strike prior to today, and today 418 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.
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