10 Information Technology Stocks Whale Activity In Today's Session

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 will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels.

Below are some instances of options activity happening in the Information Technology sector:

Explanation

These bullet-by-bullet explanations have been constructed using the accompanying table.

• Regarding AAPL AAPL, we observe a call option sweep with bearish sentiment. It expires in 1 day(s) on December 16, 2022. Parties traded 600 contract(s) at a $140.00 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 $36.0K, with a price of $60.0 per contract. There were 22606 open contracts at this strike prior to today, and today 38602 contract(s) were bought and sold.

• Regarding AMD AMD, we observe a put option trade with bullish sentiment. It expires in 8 day(s) on December 23, 2022. Parties traded 498 contract(s) at a $66.00 strike. The total cost received by the writing party (or parties) was $82.6K, with a price of $166.0 per contract. There were 3948 open contracts at this strike prior to today, and today 11951 contract(s) were bought and sold.

• For MSFT MSFT, we notice a put option sweep that happens to be bearish, expiring in 1 day(s) on December 16, 2022. This event was a transfer of 330 contract(s) at a $250.00 strike. This particular put needed to be split into 26 different trades to become filled. The total cost received by the writing party (or parties) was $87.7K, with a price of $266.0 per contract. There were 8749 open contracts at this strike prior to today, and today 8530 contract(s) were bought and sold.

• For INTC INTC, we notice a call option trade that happens to be bearish, expiring in 64 day(s) on February 17, 2023. This event was a transfer of 222 contract(s) at a $28.00 strike. The total cost received by the writing party (or parties) was $33.9K, with a price of $153.0 per contract. There were 136 open contracts at this strike prior to today, and today 3354 contract(s) were bought and sold.

• Regarding CSCO CSCO, we observe a call option trade with bearish sentiment. It expires in 1 day(s) on December 16, 2022. Parties traded 1100 contract(s) at a $47.50 strike. The total cost received by the writing party (or parties) was $75.8K, with a price of $69.0 per contract. There were 17821 open contracts at this strike prior to today, and today 2672 contract(s) were bought and sold.

• Regarding AFRM AFRM, we observe a put option sweep with bullish sentiment. It expires in 36 day(s) on January 20, 2023. Parties traded 251 contract(s) at a $10.00 strike. This particular put needed to be split into 34 different trades to become filled. The total cost received by the writing party (or parties) was $25.1K, with a price of $100.0 per contract. There were 23731 open contracts at this strike prior to today, and today 2653 contract(s) were bought and sold.

• For NVDA NVDA, we notice a call option trade that happens to be bearish, expiring in 36 day(s) on January 20, 2023. This event was a transfer of 173 contract(s) at a $175.00 strike. The total cost received by the writing party (or parties) was $152.9K, with a price of $884.0 per contract. There were 12790 open contracts at this strike prior to today, and today 1006 contract(s) were bought and sold.

• Regarding SQ SQ, we observe a put option sweep with bullish sentiment. It expires in 36 day(s) on January 20, 2023. Parties traded 100 contract(s) at a $65.00 strike. This particular put needed to be split into 14 different trades to become filled. The total cost received by the writing party (or parties) was $45.5K, with a price of $455.0 per contract. There were 7596 open contracts at this strike prior to today, and today 418 contract(s) were bought and sold.

• For PYPL PYPL, we notice a call option trade that happens to be bearish, expiring in 36 day(s) on January 20, 2023. This event was a transfer of 139 contract(s) at a $72.50 strike. The total cost received by the writing party (or parties) was $43.0K, with a price of $310.0 per contract. There were 1497 open contracts at this strike prior to today, and today 392 contract(s) were bought and sold.

• For MDB MDB, we notice a put option sweep that happens to be bullish, expiring in 64 day(s) on February 17, 2023. This event was a transfer of 50 contract(s) at a $200.00 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 $96.9K, with a price of $1940.0 per contract. There were 258 open contracts at this strike prior to today, and today 324 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.