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 |
---|---|---|---|---|---|---|---|---|
NVDA | CALL | SWEEP | NEUTRAL | 03/28/24 | $900.00 | $80.0K | 7.7K | 43.3K |
VNET | PUT | TRADE | BULLISH | 06/21/24 | $1.50 | $67.2K | 1 | 3.2K |
MSTR | CALL | TRADE | BULLISH | 03/28/24 | $2000.00 | $35.5K | 1.1K | 2.3K |
MARA | CALL | SWEEP | BULLISH | 04/05/24 | $22.50 | $27.2K | 1.2K | 1.9K |
AMD | CALL | TRADE | BEARISH | 05/17/24 | $200.00 | $46.6K | 22.8K | 1.7K |
SMCI | PUT | SWEEP | BULLISH | 03/28/24 | $995.00 | $25.4K | 273 | 1.5K |
COHR | PUT | SWEEP | BULLISH | 04/05/24 | $62.00 | $47.0K | 22 | 1.2K |
AAPL | CALL | TRADE | BULLISH | 06/21/24 | $185.00 | $46.8K | 31.4K | 1.1K |
CRWD | CALL | TRADE | NEUTRAL | 04/05/24 | $330.00 | $26.6K | 544 | 1.1K |
RIOT | CALL | SWEEP | BULLISH | 04/12/24 | $13.00 | $35.8K | 1.0K | 984 |
Explanation
These itemized elaborations have been created using the accompanying table.
• For NVDA NVDA, we notice a call option sweep that happens to be neutral, expiring in 1 day(s) on March 28, 2024. This event was a transfer of 70 contract(s) at a $900.00 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 $80.0K, with a price of $1145.0 per contract. There were 7789 open contracts at this strike prior to today, and today 43375 contract(s) were bought and sold.
• For VNET VNET, we notice a put option trade that happens to be bullish, expiring in 86 day(s) on June 21, 2024. This event was a transfer of 3200 contract(s) at a $1.50 strike. The total cost received by the writing party (or parties) was $67.2K, with a price of $21.0 per contract. There were 1 open contracts at this strike prior to today, and today 3200 contract(s) were bought and sold.
• For MSTR MSTR, we notice a call option trade that happens to be bullish, expiring in 1 day(s) on March 28, 2024. This event was a transfer of 10 contract(s) at a $2000.00 strike. The total cost received by the writing party (or parties) was $35.5K, with a price of $3550.0 per contract. There were 1198 open contracts at this strike prior to today, and today 2333 contract(s) were bought and sold.
• Regarding MARA MARA, we observe a call option sweep with bullish sentiment. It expires in 9 day(s) on April 5, 2024. Parties traded 200 contract(s) at a $22.50 strike. This particular call needed to be split into 25 different trades to become filled. The total cost received by the writing party (or parties) was $27.2K, with a price of $136.0 per contract. There were 1288 open contracts at this strike prior to today, and today 1940 contract(s) were bought and sold.
• Regarding AMD AMD, we observe a call option trade with bearish sentiment. It expires in 51 day(s) on May 17, 2024. Parties traded 70 contract(s) at a $200.00 strike. The total cost received by the writing party (or parties) was $46.6K, with a price of $666.0 per contract. There were 22872 open contracts at this strike prior to today, and today 1763 contract(s) were bought and sold.
• For SMCI SMCI, we notice a put option sweep that happens to be bullish, expiring in 1 day(s) on March 28, 2024. This event was a transfer of 20 contract(s) at a $995.00 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 $25.4K, with a price of $1275.0 per contract. There were 273 open contracts at this strike prior to today, and today 1516 contract(s) were bought and sold.
• For COHR COHR, we notice a put option sweep that happens to be bullish, expiring in 9 day(s) on April 5, 2024. This event was a transfer of 168 contract(s) at a $62.00 strike. This particular put needed to be split into 28 different trades to become filled. The total cost received by the writing party (or parties) was $47.0K, with a price of $280.0 per contract. There were 22 open contracts at this strike prior to today, and today 1285 contract(s) were bought and sold.
• Regarding AAPL AAPL, we observe a call option trade with bullish sentiment. It expires in 86 day(s) on June 21, 2024. Parties traded 130 contract(s) at a $185.00 strike. The total cost received by the writing party (or parties) was $46.8K, with a price of $360.0 per contract. There were 31452 open contracts at this strike prior to today, and today 1175 contract(s) were bought and sold.
• Regarding CRWD CRWD, we observe a call option trade with neutral sentiment. It expires in 9 day(s) on April 5, 2024. Parties traded 56 contract(s) at a $330.00 strike. The total cost received by the writing party (or parties) was $26.6K, with a price of $476.0 per contract. There were 544 open contracts at this strike prior to today, and today 1155 contract(s) were bought and sold.
• Regarding RIOT RIOT, we observe a call option sweep with bullish sentiment. It expires in 16 day(s) on April 12, 2024. Parties traded 519 contract(s) at a $13.00 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 $35.8K, with a price of $69.0 per contract. There were 1013 open contracts at this strike prior to today, and today 984 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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