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 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:

Explanation

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

• Regarding NVDA NVDA, we observe a call option sweep with bullish sentiment. It expires in 2 day(s) on October 20, 2023. Parties traded 63 contract(s) at a $425.00 strike. This particular call needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $40.9K, with a price of $650.0 per contract. There were 2365 open contracts at this strike prior to today, and today 35859 contract(s) were bought and sold.

• Regarding AAPL AAPL, we observe a call option sweep with bearish sentiment. It expires in 93 day(s) on January 19, 2024. Parties traded 90 contract(s) at a $190.00 strike. This particular call needed to be split into 24 different trades to become filled. The total cost received by the writing party (or parties) was $34.7K, with a price of $385.0 per contract. There were 54571 open contracts at this strike prior to today, and today 6590 contract(s) were bought and sold.

• For MSFT MSFT, we notice a call option trade that happens to be bearish, expiring in 58 day(s) on December 15, 2023. This event was a transfer of 35 contract(s) at a $335.00 strike. The total cost received by the writing party (or parties) was $49.1K, with a price of $1405.0 per contract. There were 4705 open contracts at this strike prior to today, and today 4039 contract(s) were bought and sold.

• For SNOW SNOW, we notice a put option sweep that happens to be bullish, expiring in 2 day(s) on October 20, 2023. This event was a transfer of 100 contract(s) at a $160.00 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 $51.5K, with a price of $515.0 per contract. There were 2312 open contracts at this strike prior to today, and today 1290 contract(s) were bought and sold.

• Regarding CRM CRM, we observe a call option trade with bullish sentiment. It expires in 30 day(s) on November 17, 2023. Parties traded 500 contract(s) at a $230.00 strike. The total cost received by the writing party (or parties) was $30.5K, with a price of $61.0 per contract. There were 5856 open contracts at this strike prior to today, and today 713 contract(s) were bought and sold.

• Regarding VMW VMW, we observe a put option trade with bearish sentiment. It expires in 2 day(s) on October 20, 2023. Parties traded 500 contract(s) at a $165.00 strike. The total cost received by the writing party (or parties) was $187.5K, with a price of $375.0 per contract. There were 2574 open contracts at this strike prior to today, and today 678 contract(s) were bought and sold.

• Regarding QCOM QCOM, we observe a put option sweep with bullish sentiment. It expires in 93 day(s) on January 19, 2024. Parties traded 223 contract(s) at a $90.00 strike. This particular put needed to be split into 8 different trades to become filled. The total cost received by the writing party (or parties) was $29.6K, with a price of $133.0 per contract. There were 3797 open contracts at this strike prior to today, and today 666 contract(s) were bought and sold.

• Regarding PLTR PLTR, we observe a call option sweep with bullish sentiment. It expires in 58 day(s) on December 15, 2023. Parties traded 340 contract(s) at a $18.00 strike. This particular call needed to be split into 17 different trades to become filled. The total cost received by the writing party (or parties) was $57.8K, with a price of $170.0 per contract. There were 7529 open contracts at this strike prior to today, and today 637 contract(s) were bought and sold.

• Regarding DELL DELL, we observe a call option sweep with bearish sentiment. It expires in 30 day(s) on November 17, 2023. Parties traded 3162 contract(s) at a $70.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $387.0K, with a price of $121.0 per contract. There were 1616 open contracts at this strike prior to today, and today 566 contract(s) were bought and sold.

• Regarding TWLO TWLO, we observe a put option sweep with bearish sentiment. It expires in 2 day(s) on October 20, 2023. Parties traded 84 contract(s) at a $60.00 strike. This particular put needed to be split into 13 different trades to become filled. The total cost received by the writing party (or parties) was $27.7K, with a price of $330.0 per contract. There were 2757 open contracts at this strike prior to today, and today 521 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.