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 TRADE BEARISH 03/10/23 $240.00 $103.0K 10.5K 26.5K
MU CALL TRADE BEARISH 04/21/23 $57.50 $224.6K 8.1K 4.2K
CRM PUT SWEEP BEARISH 04/21/23 $165.00 $80.7K 4.7K 2.8K
AMD CALL TRADE NEUTRAL 04/21/23 $90.00 $28.5K 25.7K 2.2K
PLTR CALL TRADE BEARISH 06/16/23 $12.00 $44.8K 18.6K 2.0K
SQ CALL TRADE BULLISH 03/17/23 $82.50 $32.2K 2.5K 1.3K
AFRM CALL SWEEP BEARISH 03/10/23 $12.50 $28.1K 732 1.2K
MSFT CALL SWEEP BULLISH 05/19/23 $260.00 $61.8K 2.6K 935
S CALL SWEEP BULLISH 03/17/23 $17.50 $25.0K 2.4K 657
ORCL CALL SWEEP BEARISH 03/10/23 $89.00 $30.4K 2.4K 520

Explanation

These itemized elaborations have been created using the accompanying table.

• Regarding NVDA NVDA, we observe a call option trade with bearish sentiment. It expires in 3 day(s) on March 10, 2023. Parties traded 200 contract(s) at a $240.00 strike. The total cost received by the writing party (or parties) was $103.0K, with a price of $515.0 per contract. There were 10518 open contracts at this strike prior to today, and today 26525 contract(s) were bought and sold.

• Regarding MU MU, we observe a call option trade with bearish sentiment. It expires in 45 day(s) on April 21, 2023. Parties traded 811 contract(s) at a $57.50 strike. The total cost received by the writing party (or parties) was $224.6K, with a price of $277.0 per contract. There were 8134 open contracts at this strike prior to today, and today 4253 contract(s) were bought and sold.

• For CRM CRM, we notice a put option sweep that happens to be bearish, expiring in 45 day(s) on April 21, 2023. This event was a transfer of 416 contract(s) at a $165.00 strike. This particular put needed to be split into 41 different trades to become filled. The total cost received by the writing party (or parties) was $80.7K, with a price of $194.0 per contract. There were 4714 open contracts at this strike prior to today, and today 2825 contract(s) were bought and sold.

• Regarding AMD AMD, we observe a call option trade with neutral sentiment. It expires in 45 day(s) on April 21, 2023. Parties traded 100 contract(s) at a $90.00 strike. The total cost received by the writing party (or parties) was $28.5K, with a price of $285.0 per contract. There were 25713 open contracts at this strike prior to today, and today 2278 contract(s) were bought and sold.

• For PLTR PLTR, we notice a call option trade that happens to be bearish, expiring in 101 day(s) on June 16, 2023. This event was a transfer of 2038 contract(s) at a $12.00 strike. The total cost received by the writing party (or parties) was $44.8K, with a price of $22.0 per contract. There were 18688 open contracts at this strike prior to today, and today 2038 contract(s) were bought and sold.

• Regarding SQ SQ, we observe a call option trade with bullish sentiment. It expires in 10 day(s) on March 17, 2023. Parties traded 150 contract(s) at a $82.50 strike. The total cost received by the writing party (or parties) was $32.2K, with a price of $215.0 per contract. There were 2525 open contracts at this strike prior to today, and today 1328 contract(s) were bought and sold.

• For AFRM AFRM, we notice a call option sweep that happens to be bearish, expiring in 3 day(s) on March 10, 2023. This event was a transfer of 500 contract(s) at a $12.50 strike. This particular call needed to be split into 29 different trades to become filled. The total cost received by the writing party (or parties) was $28.1K, with a price of $56.0 per contract. There were 732 open contracts at this strike prior to today, and today 1201 contract(s) were bought and sold.

• For MSFT MSFT, we notice a call option sweep that happens to be bullish, expiring in 73 day(s) on May 19, 2023. This event was a transfer of 52 contract(s) at a $260.00 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 $61.8K, with a price of $1190.0 per contract. There were 2621 open contracts at this strike prior to today, and today 935 contract(s) were bought and sold.

• Regarding S S, we observe a call option sweep with bullish sentiment. It expires in 10 day(s) on March 17, 2023. Parties traded 500 contract(s) at a $17.50 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 $25.0K, with a price of $50.0 per contract. There were 2455 open contracts at this strike prior to today, and today 657 contract(s) were bought and sold.

• Regarding ORCL ORCL, we observe a call option sweep with bearish sentiment. It expires in 3 day(s) on March 10, 2023. Parties traded 145 contract(s) at a $89.00 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 $30.4K, with a price of $210.0 per contract. There were 2481 open contracts at this strike prior to today, and today 520 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.

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