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:
Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
---|---|---|---|---|---|---|---|---|
AAPL | CALL | TRADE | BULLISH | 09/22/23 | $180.00 | $29.1K | 37.5K | 96.9K |
NVDA | CALL | SWEEP | BULLISH | 09/22/23 | $440.00 | $43.0K | 6.7K | 23.5K |
ARM | PUT | SWEEP | BULLISH | 10/20/23 | $55.00 | $67.2K | 3.6K | 4.3K |
S | PUT | TRADE | BULLISH | 12/15/23 | $15.00 | $85.0K | 545 | 4.2K |
AMD | PUT | SWEEP | BEARISH | 09/29/23 | $101.00 | $80.5K | 2.9K | 4.1K |
MSFT | CALL | SWEEP | BULLISH | 09/22/23 | $325.00 | $29.0K | 2.4K | 3.9K |
GLW | PUT | SWEEP | BULLISH | 09/22/23 | $32.00 | $160.1K | 3.9K | 3.7K |
INTC | CALL | SWEEP | BULLISH | 09/22/23 | $36.00 | $36.7K | 4.4K | 1.9K |
NOK | PUT | TRADE | BULLISH | 01/17/25 | $5.50 | $151.2K | 180 | 982 |
ORCL | CALL | SWEEP | BEARISH | 12/15/23 | $120.00 | $109.6K | 5.3K | 954 |
Explanation
These bullet-by-bullet explanations have been constructed using the accompanying table.
• For AAPL AAPL, we notice a call option trade that happens to be bullish, expiring in 3 day(s) on September 22, 2023. This event was a transfer of 300 contract(s) at a $180.00 strike. The total cost received by the writing party (or parties) was $29.1K, with a price of $97.0 per contract. There were 37558 open contracts at this strike prior to today, and today 96966 contract(s) were bought and sold.
• Regarding NVDA NVDA, we observe a call option sweep with bullish sentiment. It expires in 3 day(s) on September 22, 2023. Parties traded 100 contract(s) at a $440.00 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 $43.0K, with a price of $430.0 per contract. There were 6759 open contracts at this strike prior to today, and today 23583 contract(s) were bought and sold.
• Regarding ARM ARM, we observe a put option sweep with bullish sentiment. It expires in 31 day(s) on October 20, 2023. Parties traded 210 contract(s) at a $55.00 strike. This particular put needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $67.2K, with a price of $320.0 per contract. There were 3604 open contracts at this strike prior to today, and today 4315 contract(s) were bought and sold.
• For S S, we notice a put option trade that happens to be bullish, expiring in 87 day(s) on December 15, 2023. This event was a transfer of 1000 contract(s) at a $15.00 strike. The total cost received by the writing party (or parties) was $85.0K, with a price of $85.0 per contract. There were 545 open contracts at this strike prior to today, and today 4250 contract(s) were bought and sold.
• Regarding AMD AMD, we observe a put option sweep with bearish sentiment. It expires in 10 day(s) on September 29, 2023. Parties traded 373 contract(s) at a $101.00 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 $80.5K, with a price of $216.0 per contract. There were 2951 open contracts at this strike prior to today, and today 4123 contract(s) were bought and sold.
• Regarding MSFT MSFT, we observe a call option sweep with bullish sentiment. It expires in 3 day(s) on September 22, 2023. Parties traded 65 contract(s) at a $325.00 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 $29.0K, with a price of $447.0 per contract. There were 2464 open contracts at this strike prior to today, and today 3923 contract(s) were bought and sold.
• For GLW GLW, we notice a put option sweep that happens to be bullish, expiring in 3 day(s) on September 22, 2023. This event was a transfer of 3750 contract(s) at a $32.00 strike. This particular put needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $160.1K, with a price of $42.0 per contract. There were 3946 open contracts at this strike prior to today, and today 3751 contract(s) were bought and sold.
• Regarding INTC INTC, we observe a call option sweep with bullish sentiment. It expires in 3 day(s) on September 22, 2023. Parties traded 250 contract(s) at a $36.00 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 $36.7K, with a price of $147.0 per contract. There were 4450 open contracts at this strike prior to today, and today 1974 contract(s) were bought and sold.
• Regarding NOK NOK, we observe a put option trade with bullish sentiment. It expires in 486 day(s) on January 17, 2025. Parties traded 982 contract(s) at a $5.50 strike. The total cost received by the writing party (or parties) was $151.2K, with a price of $154.0 per contract. There were 180 open contracts at this strike prior to today, and today 982 contract(s) were bought and sold.
• Regarding ORCL ORCL, we observe a call option sweep with bearish sentiment. It expires in 87 day(s) on December 15, 2023. Parties traded 348 contract(s) at a $120.00 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 $109.6K, with a price of $315.0 per contract. There were 5338 open contracts at this strike prior to today, and today 954 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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