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

• For NVDA NVDA, we notice a put option trade that happens to be bullish, expiring in 3 day(s) on December 1, 2023. This event was a transfer of 60 contract(s) at a $480.00 strike. The total cost received by the writing party (or parties) was $34.2K, with a price of $570.0 per contract. There were 8465 open contracts at this strike prior to today, and today 16554 contract(s) were bought and sold.

• For PANW PANW, we notice a call option sweep that happens to be bearish, expiring in 3 day(s) on December 1, 2023. This event was a transfer of 52 contract(s) at a $275.00 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 $26.5K, with a price of $510.0 per contract. There were 2341 open contracts at this strike prior to today, and today 3476 contract(s) were bought and sold.

• For MSFT MSFT, we notice a put option sweep that happens to be bearish, expiring in 52 day(s) on January 19, 2024. This event was a transfer of 517 contract(s) at a $380.00 strike. This particular put needed to be split into 33 different trades to become filled. The total cost received by the writing party (or parties) was $457.4K, with a price of $885.0 per contract. There were 1198 open contracts at this strike prior to today, and today 2635 contract(s) were bought and sold.

• For ZS ZS, we notice a call option sweep that happens to be bullish, expiring in 3 day(s) on December 1, 2023. This event was a transfer of 30 contract(s) at a $185.00 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 $27.0K, with a price of $900.0 per contract. There were 150 open contracts at this strike prior to today, and today 1180 contract(s) were bought and sold.

• For SNOW SNOW, we notice a call option trade that happens to be neutral, expiring in 3 day(s) on December 1, 2023. This event was a transfer of 177 contract(s) at a $190.00 strike. The total cost received by the writing party (or parties) was $28.3K, with a price of $160.0 per contract. There were 1305 open contracts at this strike prior to today, and today 791 contract(s) were bought and sold.

• Regarding AMD AMD, we observe a call option trade with neutral sentiment. It expires in 52 day(s) on January 19, 2024. Parties traded 50 contract(s) at a $115.00 strike. The total cost received by the writing party (or parties) was $57.0K, with a price of $1140.0 per contract. There were 28430 open contracts at this strike prior to today, and today 755 contract(s) were bought and sold.

• Regarding CRWD CRWD, we observe a call option trade with bearish sentiment. It expires in 17 day(s) on December 15, 2023. Parties traded 40 contract(s) at a $220.00 strike. The total cost received by the writing party (or parties) was $26.4K, with a price of $660.0 per contract. There were 1383 open contracts at this strike prior to today, and today 736 contract(s) were bought and sold.

• For ADBE ADBE, we notice a put option sweep that happens to be bearish, expiring in 3 day(s) on December 1, 2023. This event was a transfer of 70 contract(s) at a $620.00 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 $43.0K, with a price of $615.0 per contract. There were 187 open contracts at this strike prior to today, and today 721 contract(s) were bought and sold.

• Regarding ENPH ENPH, we observe a call option sweep with bearish sentiment. It expires in 108 day(s) on March 15, 2024. Parties traded 603 contract(s) at a $150.00 strike. This particular call needed to be split into 37 different trades to become filled. The total cost received by the writing party (or parties) was $121.3K, with a price of $201.0 per contract. There were 1373 open contracts at this strike prior to today, and today 634 contract(s) were bought and sold.

• For MRVL MRVL, we notice a call option sweep that happens to be bearish, expiring in 416 day(s) on January 17, 2025. This event was a transfer of 100 contract(s) at a $50.00 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 $138.5K, with a price of $1385.0 per contract. There were 1298 open contracts at this strike prior to today, and today 455 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.