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 |
---|---|---|---|---|---|---|---|---|
NVDA | CALL | SWEEP | BEARISH | 07/19/24 | $130.00 | $52.4K | 94.1K | 166.8K |
MARA | CALL | TRADE | BULLISH | 08/16/24 | $25.00 | $37.1K | 19.8K | 15.4K |
AAPL | CALL | SWEEP | BEARISH | 07/26/24 | $240.00 | $29.2K | 8.2K | 15.2K |
TSM | CALL | TRADE | NEUTRAL | 09/20/24 | $190.00 | $123.5K | 2.3K | 6.0K |
AVGO | CALL | TRADE | BEARISH | 08/16/24 | $170.00 | $64.0K | 0 | 3.3K |
SMCI | CALL | SWEEP | NEUTRAL | 07/19/24 | $900.00 | $87.4K | 2.2K | 3.3K |
MSTR | CALL | TRADE | BEARISH | 07/19/24 | $1700.00 | $77.5K | 762 | 1.9K |
IBM | CALL | TRADE | BEARISH | 08/16/24 | $190.00 | $38.5K | 2.2K | 1.4K |
MSFT | PUT | SWEEP | BULLISH | 07/19/24 | $457.50 | $29.8K | 3.2K | 1.2K |
IREN | CALL | TRADE | BEARISH | 11/15/24 | $12.50 | $30.5K | 8.8K | 791 |
Explanation
These itemized elaborations have been created using the accompanying table.
• For NVDA NVDA, we notice a call option sweep that happens to be bearish, expiring in 4 day(s) on July 19, 2024. This event was a transfer of 251 contract(s) at a $130.00 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 $52.4K, with a price of $209.0 per contract. There were 94150 open contracts at this strike prior to today, and today 166894 contract(s) were bought and sold.
• For MARA MARA, we notice a call option trade that happens to be bullish, expiring in 32 day(s) on August 16, 2024. This event was a transfer of 135 contract(s) at a $25.00 strike. The total cost received by the writing party (or parties) was $37.1K, with a price of $275.0 per contract. There were 19878 open contracts at this strike prior to today, and today 15478 contract(s) were bought and sold.
• Regarding AAPL AAPL, we observe a call option sweep with bearish sentiment. It expires in 11 day(s) on July 26, 2024. Parties traded 154 contract(s) at a $240.00 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 $29.2K, with a price of $190.0 per contract. There were 8231 open contracts at this strike prior to today, and today 15212 contract(s) were bought and sold.
• For TSM TSM, we notice a call option trade that happens to be neutral, expiring in 67 day(s) on September 20, 2024. This event was a transfer of 100 contract(s) at a $190.00 strike. The total cost received by the writing party (or parties) was $123.5K, with a price of $1235.0 per contract. There were 2399 open contracts at this strike prior to today, and today 6055 contract(s) were bought and sold.
• For AVGO AVGO, we notice a call option trade that happens to be bearish, expiring in 32 day(s) on August 16, 2024. This event was a transfer of 80 contract(s) at a $170.00 strike. The total cost received by the writing party (or parties) was $64.0K, with a price of $800.0 per contract. There were 0 open contracts at this strike prior to today, and today 3314 contract(s) were bought and sold.
• For SMCI SMCI, we notice a call option sweep that happens to be neutral, expiring in 4 day(s) on July 19, 2024. This event was a transfer of 25 contract(s) at a $900.00 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 $87.4K, with a price of $3480.0 per contract. There were 2271 open contracts at this strike prior to today, and today 3310 contract(s) were bought and sold.
• For MSTR MSTR, we notice a call option trade that happens to be bearish, expiring in 4 day(s) on July 19, 2024. This event was a transfer of 20 contract(s) at a $1700.00 strike. The total cost received by the writing party (or parties) was $77.5K, with a price of $3879.0 per contract. There were 762 open contracts at this strike prior to today, and today 1927 contract(s) were bought and sold.
• Regarding IBM IBM, we observe a call option trade with bearish sentiment. It expires in 32 day(s) on August 16, 2024. Parties traded 100 contract(s) at a $190.00 strike. The total cost received by the writing party (or parties) was $38.5K, with a price of $385.0 per contract. There were 2243 open contracts at this strike prior to today, and today 1482 contract(s) were bought and sold.
• For MSFT MSFT, we notice a put option sweep that happens to be bullish, expiring in 4 day(s) on July 19, 2024. This event was a transfer of 40 contract(s) at a $457.50 strike. This particular put needed to be split into 17 different trades to become filled. The total cost received by the writing party (or parties) was $29.8K, with a price of $745.0 per contract. There were 3285 open contracts at this strike prior to today, and today 1224 contract(s) were bought and sold.
• Regarding IREN IREN, we observe a call option trade with bearish sentiment. It expires in 123 day(s) on November 15, 2024. Parties traded 100 contract(s) at a $12.50 strike. The total cost received by the writing party (or parties) was $30.5K, with a price of $305.0 per contract. There were 8814 open contracts at this strike prior to today, and today 791 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.
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