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 |
---|---|---|---|---|---|---|---|---|
AAPL | PUT | SWEEP | BEARISH | 10/20/23 | $175.00 | $62.0K | 60.8K | 67.5K |
AMD | PUT | SWEEP | BULLISH | 11/17/23 | $90.00 | $94.0K | 22.4K | 3.7K |
CFLT | CALL | SWEEP | BULLISH | 11/17/23 | $33.00 | $26.9K | 620 | 1.7K |
NVDA | PUT | TRADE | BEARISH | 11/17/23 | $415.00 | $30.1K | 3.8K | 1.2K |
SEDG | PUT | SWEEP | BEARISH | 12/15/23 | $110.00 | $27.9K | 1.1K | 884 |
CRM | CALL | TRADE | NEUTRAL | 01/17/25 | $65.00 | $29.0K | 513 | 668 |
ON | PUT | SWEEP | BULLISH | 11/03/23 | $86.00 | $48.8K | 1.0K | 525 |
TXN | PUT | SWEEP | BULLISH | 01/19/24 | $160.00 | $139.3K | 3.1K | 507 |
CLSK | CALL | SWEEP | BULLISH | 01/19/24 | $2.50 | $35.0K | 2.6K | 506 |
SMCI | CALL | SWEEP | BEARISH | 11/03/23 | $270.00 | $41.1K | 49 | 331 |
Explanation
These bullet-by-bullet explanations have been constructed using the accompanying table.
• For AAPL AAPL, we notice a put option sweep that happens to be bearish, is expiring today. Parties traded 789 contract(s) at a $175.00 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 $62.0K, with a price of $79.0 per contract. There were 60844 open contracts at this strike prior to today, and today 67506 contract(s) were bought and sold.
• For AMD AMD, we notice a put option sweep that happens to be bullish, expiring in 28 day(s) on November 17, 2023. This event was a transfer of 553 contract(s) at a $90.00 strike. This particular put needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $94.0K, with a price of $170.0 per contract. There were 22455 open contracts at this strike prior to today, and today 3768 contract(s) were bought and sold.
• For CFLT CFLT, we notice a call option sweep that happens to be bullish, expiring in 28 day(s) on November 17, 2023. This event was a transfer of 234 contract(s) at a $33.00 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 $26.9K, with a price of $115.0 per contract. There were 620 open contracts at this strike prior to today, and today 1775 contract(s) were bought and sold.
• For NVDA NVDA, we notice a put option trade that happens to be bearish, expiring in 28 day(s) on November 17, 2023. This event was a transfer of 17 contract(s) at a $415.00 strike. The total cost received by the writing party (or parties) was $30.1K, with a price of $1772.0 per contract. There were 3844 open contracts at this strike prior to today, and today 1270 contract(s) were bought and sold.
• Regarding SEDG SEDG, we observe a put option sweep with bearish sentiment. It expires in 56 day(s) on December 15, 2023. Parties traded 10 contract(s) at a $110.00 strike. This particular put needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $27.9K, with a price of $2790.0 per contract. There were 1193 open contracts at this strike prior to today, and today 884 contract(s) were bought and sold.
• Regarding CRM CRM, we observe a call option trade with neutral sentiment. It expires in 455 day(s) on January 17, 2025. Parties traded 2 contract(s) at a $65.00 strike. The total cost received by the writing party (or parties) was $29.0K, with a price of $14535.0 per contract. There were 513 open contracts at this strike prior to today, and today 668 contract(s) were bought and sold.
• Regarding ON ON, we observe a put option sweep with bullish sentiment. It expires in 14 day(s) on November 3, 2023. Parties traded 122 contract(s) at a $86.00 strike. This particular put needed to be split into 18 different trades to become filled. The total cost received by the writing party (or parties) was $48.8K, with a price of $400.0 per contract. There were 1066 open contracts at this strike prior to today, and today 525 contract(s) were bought and sold.
• For TXN TXN, we notice a put option sweep that happens to be bullish, expiring in 91 day(s) on January 19, 2024. This event was a transfer of 97 contract(s) at a $160.00 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 $139.3K, with a price of $1438.0 per contract. There were 3163 open contracts at this strike prior to today, and today 507 contract(s) were bought and sold.
• For CLSK CLSK, we notice a call option sweep that happens to be bullish, expiring in 91 day(s) on January 19, 2024. This event was a transfer of 200 contract(s) at a $2.50 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 $35.0K, with a price of $175.0 per contract. There were 2660 open contracts at this strike prior to today, and today 506 contract(s) were bought and sold.
• Regarding SMCI SMCI, we observe a call option sweep with bearish sentiment. It expires in 14 day(s) on November 3, 2023. Parties traded 25 contract(s) at a $270.00 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 $41.1K, with a price of $1644.0 per contract. There were 49 open contracts at this strike prior to today, and today 331 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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