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 | TRADE | BULLISH | 10/13/23 | $460.00 | $31.6K | 16.4K | 39.4K |
| AMD | CALL | TRADE | BEARISH | 11/17/23 | $120.00 | $30.0K | 21.2K | 31.3K |
| MSFT | CALL | SWEEP | NEUTRAL | 10/13/23 | $330.00 | $49.8K | 8.7K | 14.4K |
| PLTR | CALL | SWEEP | BEARISH | 01/19/24 | $20.00 | $32.6K | 71.8K | 3.9K |
| QCOM | CALL | SWEEP | BULLISH | 10/13/23 | $114.00 | $30.7K | 1.2K | 1.9K |
| SMCI | PUT | TRADE | BEARISH | 10/13/23 | $310.00 | $51.7K | 5 | 1.0K |
| CRDO | PUT | SWEEP | BEARISH | 03/15/24 | $12.50 | $52.5K | 83 | 1.0K |
| VMW | CALL | TRADE | BEARISH | 10/20/23 | $170.00 | $350.0K | 3.7K | 750 |
| ZS | CALL | TRADE | BEARISH | 01/19/24 | $180.00 | $35.2K | 1.3K | 695 |
| MU | PUT | SWEEP | BULLISH | 10/20/23 | $69.00 | $36.0K | 534 | 571 |
Explanation
These bullet-by-bullet explanations have been constructed using the accompanying table.
• For NVDA (NASDAQ:NVDA), we notice a call option trade that happens to be bullish, expiring in 3 day(s) on October 13, 2023. This event was a transfer of 50 contract(s) at a $460.00 strike. The total cost received by the writing party (or parties) was $31.6K, with a price of $633.0 per contract. There were 16426 open contracts at this strike prior to today, and today 39447 contract(s) were bought and sold.
• Regarding AMD (NASDAQ:AMD), we observe a call option trade with bearish sentiment. It expires in 38 day(s) on November 17, 2023. Parties traded 100 contract(s) at a $120.00 strike. The total cost received by the writing party (or parties) was $30.0K, with a price of $300.0 per contract. There were 21267 open contracts at this strike prior to today, and today 31328 contract(s) were bought and sold.
• For MSFT (NASDAQ:MSFT), we notice a call option sweep that happens to be neutral, expiring in 3 day(s) on October 13, 2023. This event was a transfer of 200 contract(s) at a $330.00 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 $49.8K, with a price of $249.0 per contract. There were 8755 open contracts at this strike prior to today, and today 14424 contract(s) were bought and sold.
• Regarding PLTR (NYSE:PLTR), we observe a call option sweep with bearish sentiment. It expires in 101 day(s) on January 19, 2024. Parties traded 200 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 $32.6K, with a price of $163.0 per contract. There were 71803 open contracts at this strike prior to today, and today 3944 contract(s) were bought and sold.
• For QCOM (NASDAQ:QCOM), we notice a call option sweep that happens to be bullish, expiring in 3 day(s) on October 13, 2023. This event was a transfer of 600 contract(s) at a $114.00 strike. This particular call needed to be split into 17 different trades to become filled. The total cost received by the writing party (or parties) was $30.7K, with a price of $52.0 per contract. There were 1249 open contracts at this strike prior to today, and today 1924 contract(s) were bought and sold.
• For SMCI (NASDAQ:SMCI), we notice a put option trade that happens to be bearish, expiring in 3 day(s) on October 13, 2023. This event was a transfer of 75 contract(s) at a $310.00 strike. The total cost received by the writing party (or parties) was $51.7K, with a price of $690.0 per contract. There were 5 open contracts at this strike prior to today, and today 1053 contract(s) were bought and sold.
• For CRDO (NASDAQ:CRDO), we notice a put option sweep that happens to be bearish, expiring in 157 day(s) on March 15, 2024. This event was a transfer of 700 contract(s) at a $12.50 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 $52.5K, with a price of $75.0 per contract. There were 83 open contracts at this strike prior to today, and today 1001 contract(s) were bought and sold.
• For VMW (NYSE:VMW), we notice a call option trade that happens to be bearish, expiring in 10 day(s) on October 20, 2023. This event was a transfer of 700 contract(s) at a $170.00 strike. The total cost received by the writing party (or parties) was $350.0K, with a price of $500.0 per contract. There were 3753 open contracts at this strike prior to today, and today 750 contract(s) were bought and sold.
• For ZS (NASDAQ:ZS), we notice a call option trade that happens to be bearish, expiring in 101 day(s) on January 19, 2024. This event was a transfer of 24 contract(s) at a $180.00 strike. The total cost received by the writing party (or parties) was $35.2K, with a price of $1470.0 per contract. There were 1329 open contracts at this strike prior to today, and today 695 contract(s) were bought and sold.
• For MU (NASDAQ:MU), we notice a put option sweep that happens to be bullish, expiring in 10 day(s) on October 20, 2023. This event was a transfer of 250 contract(s) at a $69.00 strike. This particular put needed to be split into 18 different trades to become filled. The total cost received by the writing party (or parties) was $36.0K, with a price of $144.0 per contract. There were 534 open contracts at this strike prior to today, and today 571 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.
