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 | TRADE | BULLISH | 01/27/23 | $68.00 | $27.7K | 2.5K | 3.0K |
ZM | CALL | SWEEP | BULLISH | 06/16/23 | $70.00 | $195.9K | 574 | 2.7K |
AFRM | PUT | SWEEP | BEARISH | 01/27/23 | $13.50 | $36.0K | 1.0K | 1.5K |
AAPL | CALL | SWEEP | BEARISH | 04/21/23 | $145.00 | $25.8K | 8.5K | 1.1K |
LSCC | CALL | TRADE | BULLISH | 03/17/23 | $75.00 | $233.8K | 281 | 631 |
MSFT | PUT | TRADE | BEARISH | 01/19/24 | $275.00 | $57.2K | 2.6K | 628 |
NVDA | PUT | TRADE | BULLISH | 01/20/23 | $177.50 | $49.6K | 1.0K | 524 |
STX | PUT | SWEEP | BULLISH | 01/19/24 | $55.00 | $110.7K | 2.0K | 342 |
MARA | CALL | SWEEP | BEARISH | 09/15/23 | $4.00 | $58.1K | 0 | 252 |
PANW | PUT | SWEEP | BULLISH | 02/10/23 | $145.00 | $115.0K | 28 | 250 |
Explanation
These bullet-by-bullet explanations have been constructed using the accompanying table.
• Regarding AMD AMD, we observe a call option trade with bullish sentiment. It expires in 7 day(s) on January 27, 2023. Parties traded 136 contract(s) at a $68.00 strike. The total cost received by the writing party (or parties) was $27.7K, with a price of $204.0 per contract. There were 2572 open contracts at this strike prior to today, and today 3049 contract(s) were bought and sold.
• For ZM ZM, we notice a call option sweep that happens to be bullish, expiring in 147 day(s) on June 16, 2023. This event was a transfer of 201 contract(s) at a $70.00 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 $195.9K, with a price of $975.0 per contract. There were 574 open contracts at this strike prior to today, and today 2765 contract(s) were bought and sold.
• For AFRM AFRM, we notice a put option sweep that happens to be bearish, expiring in 7 day(s) on January 27, 2023. This event was a transfer of 500 contract(s) at a $13.50 strike. This particular put needed to be split into 33 different trades to become filled. The total cost received by the writing party (or parties) was $36.0K, with a price of $72.0 per contract. There were 1018 open contracts at this strike prior to today, and today 1517 contract(s) were bought and sold.
• Regarding AAPL AAPL, we observe a call option sweep with bearish sentiment. It expires in 91 day(s) on April 21, 2023. Parties traded 60 contract(s) at a $145.00 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 $25.8K, with a price of $430.0 per contract. There were 8585 open contracts at this strike prior to today, and today 1117 contract(s) were bought and sold.
• For LSCC LSCC, we notice a call option trade that happens to be bullish, expiring in 56 day(s) on March 17, 2023. This event was a transfer of 617 contract(s) at a $75.00 strike. The total cost received by the writing party (or parties) was $233.8K, with a price of $379.0 per contract. There were 281 open contracts at this strike prior to today, and today 631 contract(s) were bought and sold.
• For MSFT MSFT, we notice a put option trade that happens to be bearish, expiring in 364 day(s) on January 19, 2024. This event was a transfer of 13 contract(s) at a $275.00 strike. The total cost received by the writing party (or parties) was $57.2K, with a price of $4400.0 per contract. There were 2627 open contracts at this strike prior to today, and today 628 contract(s) were bought and sold.
• For NVDA NVDA, we notice a put option trade that happens to be bullish, is expiring today. Parties traded 200 contract(s) at a $177.50 strike. The total cost received by the writing party (or parties) was $49.6K, with a price of $248.0 per contract. There were 1049 open contracts at this strike prior to today, and today 524 contract(s) were bought and sold.
• Regarding STX STX, we observe a put option sweep with bullish sentiment. It expires in 364 day(s) on January 19, 2024. Parties traded 157 contract(s) at a $55.00 strike. This particular put needed to be split into 27 different trades to become filled. The total cost received by the writing party (or parties) was $110.7K, with a price of $705.0 per contract. There were 2021 open contracts at this strike prior to today, and today 342 contract(s) were bought and sold.
• For MARA MARA, we notice a call option sweep that happens to be bearish, expiring in 238 day(s) on September 15, 2023. This event was a transfer of 140 contract(s) at a $4.00 strike. This particular call needed to be split into 30 different trades to become filled. The total cost received by the writing party (or parties) was $58.1K, with a price of $415.0 per contract. There were 0 open contracts at this strike prior to today, and today 252 contract(s) were bought and sold.
• Regarding PANW PANW, we observe a put option sweep with bullish sentiment. It expires in 21 day(s) on February 10, 2023. Parties traded 250 contract(s) at a $145.00 strike. This particular put needed to be split into 51 different trades to become filled. The total cost received by the writing party (or parties) was $115.0K, with a price of $460.0 per contract. There were 28 open contracts at this strike prior to today, and today 250 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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