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 itemized elaborations have been created using the accompanying table.

• For AAPL AAPL, we notice a call option sweep that happens to be bullish, expiring in 4 day(s) on June 9, 2023. This event was a transfer of 137 contract(s) at a $185.00 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 $34.2K, with a price of $250.0 per contract. There were 43093 open contracts at this strike prior to today, and today 148558 contract(s) were bought and sold.

• Regarding NVDA NVDA, we observe a call option sweep with bearish sentiment. It expires in 4 day(s) on June 9, 2023. Parties traded 104 contract(s) at a $400.00 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 $41.5K, with a price of $399.0 per contract. There were 8830 open contracts at this strike prior to today, and today 30557 contract(s) were bought and sold.

• Regarding MSFT MSFT, we observe a put option trade with bearish sentiment. It expires in 4 day(s) on June 9, 2023. Parties traded 190 contract(s) at a $335.00 strike. The total cost received by the writing party (or parties) was $35.5K, with a price of $187.0 per contract. There were 3578 open contracts at this strike prior to today, and today 5806 contract(s) were bought and sold.

• Regarding AMD AMD, we observe a call option sweep with bearish sentiment. It expires in 11 day(s) on June 16, 2023. Parties traded 150 contract(s) at a $125.00 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 $30.7K, with a price of $204.0 per contract. There were 45311 open contracts at this strike prior to today, and today 3652 contract(s) were bought and sold.

• Regarding AVGO AVGO, we observe a call option sweep with bullish sentiment. It expires in 4 day(s) on June 9, 2023. Parties traded 200 contract(s) at a $830.00 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 $60.0K, with a price of $300.0 per contract. There were 360 open contracts at this strike prior to today, and today 3145 contract(s) were bought and sold.

• Regarding PANW PANW, we observe a put option sweep with bearish sentiment. It expires in 4 day(s) on June 9, 2023. Parties traded 140 contract(s) at a $230.00 strike. This particular put needed to be split into 12 different trades to become filled. The total cost received by the writing party (or parties) was $55.8K, with a price of $400.0 per contract. There were 52 open contracts at this strike prior to today, and today 3105 contract(s) were bought and sold.

• For CFLT CFLT, we notice a call option sweep that happens to be bearish, expiring in 46 day(s) on July 21, 2023. This event was a transfer of 1122 contract(s) at a $38.00 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 $224.4K, with a price of $200.0 per contract. There were 64 open contracts at this strike prior to today, and today 2872 contract(s) were bought and sold.

• For PLTR PLTR, we notice a call option trade that happens to be bullish, expiring in 11 day(s) on June 16, 2023. This event was a transfer of 100 contract(s) at a $12.00 strike. The total cost received by the writing party (or parties) was $35.7K, with a price of $357.0 per contract. There were 45729 open contracts at this strike prior to today, and today 2543 contract(s) were bought and sold.

• For SNOW SNOW, we notice a call option sweep that happens to be bullish, expiring in 4 day(s) on June 9, 2023. This event was a transfer of 63 contract(s) at a $182.50 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 $26.7K, with a price of $425.0 per contract. There were 376 open contracts at this strike prior to today, and today 1469 contract(s) were bought and sold.

• Regarding HCP HCP, we observe a put option sweep with bearish sentiment. It expires in 592 day(s) on January 17, 2025. Parties traded 387 contract(s) at a $22.50 strike. This particular put needed to be split into 12 different trades to become filled. The total cost received by the writing party (or parties) was $147.0K, with a price of $380.0 per contract. There were 0 open contracts at this strike prior to today, and today 1449 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.