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 |
---|---|---|---|---|---|---|---|---|
AMD | CALL | SWEEP | BULLISH | 01/26/24 | $170.00 | $27.2K | 33.4K | 59.7K |
NVDA | CALL | TRADE | NEUTRAL | 01/26/24 | $595.00 | $37.7K | 6.1K | 21.4K |
SNOW | CALL | TRADE | BEARISH | 01/26/24 | $210.00 | $33.8K | 4.6K | 21.1K |
MRVL | CALL | SWEEP | BEARISH | 04/19/24 | $72.50 | $39.9K | 22.6K | 9.0K |
ARM | CALL | SWEEP | BULLISH | 01/16/26 | $77.50 | $1.0 million | 6.8K | 3.9K |
INTC | CALL | SWEEP | BEARISH | 02/23/24 | $49.00 | $26.6K | 695 | 2.3K |
AAPL | CALL | SWEEP | BULLISH | 03/15/24 | $210.00 | $67.9K | 72.8K | 1.3K |
WDC | CALL | SWEEP | BULLISH | 02/02/24 | $63.00 | $35.2K | 65 | 915 |
TXN | CALL | SWEEP | BEARISH | 01/26/24 | $177.50 | $88.2K | 165 | 538 |
CTSH | PUT | SWEEP | BULLISH | 06/21/24 | $72.50 | $30.6K | 586 | 459 |
Explanation
These itemized elaborations have been created using the accompanying table.
• For AMD AMD, we notice a call option sweep that happens to be bullish, expiring in 3 day(s) on January 26, 2024. This event was a transfer of 100 contract(s) at a $170.00 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 $27.2K, with a price of $272.0 per contract. There were 33435 open contracts at this strike prior to today, and today 59735 contract(s) were bought and sold.
• Regarding NVDA NVDA, we observe a call option trade with neutral sentiment. It expires in 3 day(s) on January 26, 2024. Parties traded 45 contract(s) at a $595.00 strike. The total cost received by the writing party (or parties) was $37.7K, with a price of $838.0 per contract. There were 6103 open contracts at this strike prior to today, and today 21481 contract(s) were bought and sold.
• Regarding SNOW SNOW, we observe a call option trade with bearish sentiment. It expires in 3 day(s) on January 26, 2024. Parties traded 197 contract(s) at a $210.00 strike. The total cost received by the writing party (or parties) was $33.8K, with a price of $172.0 per contract. There were 4627 open contracts at this strike prior to today, and today 21124 contract(s) were bought and sold.
• For MRVL MRVL, we notice a call option sweep that happens to be bearish, expiring in 87 day(s) on April 19, 2024. This event was a transfer of 74 contract(s) at a $72.50 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 $39.9K, with a price of $540.0 per contract. There were 22645 open contracts at this strike prior to today, and today 9024 contract(s) were bought and sold.
• For ARM ARM, we notice a call option sweep that happens to be bullish, expiring in 724 day(s) on January 16, 2026. This event was a transfer of 404 contract(s) at a $77.50 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 $1.0 million, with a price of $2525.0 per contract. There were 6885 open contracts at this strike prior to today, and today 3910 contract(s) were bought and sold.
• For INTC INTC, we notice a call option sweep that happens to be bearish, expiring in 31 day(s) on February 23, 2024. This event was a transfer of 124 contract(s) at a $49.00 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 $26.6K, with a price of $215.0 per contract. There were 695 open contracts at this strike prior to today, and today 2358 contract(s) were bought and sold.
• Regarding AAPL AAPL, we observe a call option sweep with bullish sentiment. It expires in 52 day(s) on March 15, 2024. Parties traded 566 contract(s) at a $210.00 strike. This particular call needed to be split into 27 different trades to become filled. The total cost received by the writing party (or parties) was $67.9K, with a price of $120.0 per contract. There were 72875 open contracts at this strike prior to today, and today 1369 contract(s) were bought and sold.
• For WDC WDC, we notice a call option sweep that happens to be bullish, expiring in 10 day(s) on February 2, 2024. This event was a transfer of 608 contract(s) at a $63.00 strike. This particular call needed to be split into 23 different trades to become filled. The total cost received by the writing party (or parties) was $35.2K, with a price of $58.0 per contract. There were 65 open contracts at this strike prior to today, and today 915 contract(s) were bought and sold.
• For TXN TXN, we notice a call option sweep that happens to be bearish, expiring in 3 day(s) on January 26, 2024. This event was a transfer of 296 contract(s) at a $177.50 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 $88.2K, with a price of $298.0 per contract. There were 165 open contracts at this strike prior to today, and today 538 contract(s) were bought and sold.
• Regarding CTSH CTSH, we observe a put option sweep with bullish sentiment. It expires in 150 day(s) on June 21, 2024. Parties traded 125 contract(s) at a $72.50 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 $30.6K, with a price of $245.0 per contract. There were 586 open contracts at this strike prior to today, and today 459 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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