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 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:

Explanation

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

• For NVDA NVDA, we notice a call option sweep that happens to be bearish, expiring in 3 day(s) on December 27, 2024. This event was a transfer of 150 contract(s) at a $140.00 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 $30.0K, with a price of $200.0 per contract. There were 118707 open contracts at this strike prior to today, and today 89227 contract(s) were bought and sold.

• For BBAI BBAI, we notice a call option sweep that happens to be bearish, expiring in 752 day(s) on January 15, 2027. This event was a transfer of 339 contract(s) at a $3.50 strike. This particular call needed to be split into 8 different trades to become filled. The total cost received by the writing party (or parties) was $72.8K, with a price of $215.0 per contract. There were 1222 open contracts at this strike prior to today, and today 8144 contract(s) were bought and sold.

• Regarding MSTR MSTR, we observe a call option trade with bullish sentiment. It expires in 3 day(s) on December 27, 2024. Parties traded 30 contract(s) at a $360.00 strike. The total cost received by the writing party (or parties) was $25.6K, with a price of $855.0 per contract. There were 4375 open contracts at this strike prior to today, and today 8055 contract(s) were bought and sold.

• For SMCI SMCI, we notice a call option trade that happens to be neutral, expiring in 3 day(s) on December 27, 2024. This event was a transfer of 125 contract(s) at a $32.00 strike. The total cost received by the writing party (or parties) was $33.1K, with a price of $265.0 per contract. There were 10275 open contracts at this strike prior to today, and today 7761 contract(s) were bought and sold.

• For MU MU, we notice a call option sweep that happens to be bullish, expiring in 24 day(s) on January 17, 2025. This event was a transfer of 1280 contract(s) at a $105.00 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 $39.6K, with a price of $31.0 per contract. There were 20058 open contracts at this strike prior to today, and today 4601 contract(s) were bought and sold.

• For AAPL AAPL, we notice a call option trade that happens to be neutral, expiring in 24 day(s) on January 17, 2025. This event was a transfer of 5 contract(s) at a $175.00 strike. The total cost received by the writing party (or parties) was $41.5K, with a price of $8305.0 per contract. There were 20026 open contracts at this strike prior to today, and today 4098 contract(s) were bought and sold.

• Regarding AMAT AMAT, we observe a call option trade with bullish sentiment. It expires in 59 day(s) on February 21, 2025. Parties traded 200 contract(s) at a $170.00 strike. The total cost received by the writing party (or parties) was $198.0K, with a price of $990.0 per contract. There were 859 open contracts at this strike prior to today, and today 2120 contract(s) were bought and sold.

• Regarding MRVL MRVL, we observe a call option trade with bullish sentiment. It expires in 269 day(s) on September 19, 2025. Parties traded 2000 contract(s) at a $135.00 strike. The total cost received by the writing party (or parties) was $2.7 million, with a price of $1369.0 per contract. There were 301 open contracts at this strike prior to today, and today 2000 contract(s) were bought and sold.

• For AVGO AVGO, we notice a call option trade that happens to be bearish, expiring in 87 day(s) on March 21, 2025. This event was a transfer of 237 contract(s) at a $275.00 strike. The total cost received by the writing party (or parties) was $234.6K, with a price of $990.0 per contract. There were 5143 open contracts at this strike prior to today, and today 1347 contract(s) were bought and sold.

• For QUBT QUBT, we notice a call option sweep that happens to be bearish, expiring in 24 day(s) on January 17, 2025. This event was a transfer of 150 contract(s) at a $20.00 strike. This particular call needed to be split into 10 different trades to become filled. The total cost received by the writing party (or parties) was $35.2K, with a price of $235.0 per contract. There were 3200 open contracts at this strike prior to today, and today 1281 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.