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.
Here’s the list of options activity happening in today’s session:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| AAPL | CALL | SWEEP | BEARISH | 07/21/23 | $195.00 | $52.0K | 50.9K | 127.6K |
| NVDA | CALL | SWEEP | BULLISH | 07/21/23 | $470.00 | $31.1K | 14.0K | 55.7K |
| MSFT | PUT | SWEEP | BEARISH | 07/21/23 | $350.00 | $67.0K | 10.4K | 13.9K |
| AMD | PUT | SWEEP | BULLISH | 07/21/23 | $115.00 | $31.0K | 19.9K | 6.1K |
| MU | PUT | SWEEP | BULLISH | 08/18/23 | $60.00 | $37.2K | 8.5K | 2.5K |
| SMCI | CALL | TRADE | BULLISH | 07/21/23 | $290.00 | $42.0K | 623 | 1.0K |
| IBM | CALL | SWEEP | BEARISH | 09/15/23 | $140.00 | $81.1K | 3.7K | 1.0K |
| U | PUT | TRADE | BULLISH | 11/17/23 | $31.00 | $138.0K | 5 | 1.0K |
| AI | CALL | SWEEP | BEARISH | 08/11/23 | $39.00 | $65.6K | 256 | 654 |
| PLTR | CALL | TRADE | BEARISH | 03/15/24 | $15.00 | $34.0K | 1.3K | 303 |
Explanation
These bullet-by-bullet explanations have been constructed using the accompanying table.
• Regarding AAPL (NASDAQ:AAPL), we observe a call option sweep with bearish sentiment. It expires in 1 day(s) on July 21, 2023. Parties traded 867 contract(s) at a $195.00 strike. This particular call needed to be split into 28 different trades to become filled. The total cost received by the writing party (or parties) was $52.0K, with a price of $59.0 per contract. There were 50913 open contracts at this strike prior to today, and today 127658 contract(s) were bought and sold.
• Regarding NVDA (NASDAQ:NVDA), we observe a call option sweep with bullish sentiment. It expires in 1 day(s) on July 21, 2023. Parties traded 181 contract(s) at a $470.00 strike. This particular call needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was $31.1K, with a price of $172.0 per contract. There were 14051 open contracts at this strike prior to today, and today 55710 contract(s) were bought and sold.
• Regarding MSFT (NASDAQ:MSFT), we observe a put option sweep with bearish sentiment. It expires in 1 day(s) on July 21, 2023. Parties traded 175 contract(s) at a $350.00 strike. This particular put needed to be split into 12 different trades to become filled. The total cost received by the writing party (or parties) was $67.0K, with a price of $385.0 per contract. There were 10488 open contracts at this strike prior to today, and today 13918 contract(s) were bought and sold.
• For AMD (NASDAQ:AMD), we notice a put option sweep that happens to be bullish, expiring in 1 day(s) on July 21, 2023. This event was a transfer of 100 contract(s) at a $115.00 strike. This particular put needed to be split into 8 different trades to become filled. The total cost received by the writing party (or parties) was $31.0K, with a price of $310.0 per contract. There were 19968 open contracts at this strike prior to today, and today 6188 contract(s) were bought and sold.
• For MU (NASDAQ:MU), we notice a put option sweep that happens to be bullish, expiring in 29 day(s) on August 18, 2023. This event was a transfer of 620 contract(s) at a $60.00 strike. This particular put needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was $37.2K, with a price of $60.0 per contract. There were 8553 open contracts at this strike prior to today, and today 2510 contract(s) were bought and sold.
• Regarding SMCI (NASDAQ:SMCI), we observe a call option trade with bullish sentiment. It expires in 1 day(s) on July 21, 2023. Parties traded 40 contract(s) at a $290.00 strike. The total cost received by the writing party (or parties) was $42.0K, with a price of $1050.0 per contract. There were 623 open contracts at this strike prior to today, and today 1096 contract(s) were bought and sold.
• For IBM (NYSE:IBM), we notice a call option sweep that happens to be bearish, expiring in 57 day(s) on September 15, 2023. This event was a transfer of 293 contract(s) at a $140.00 strike. This particular call needed to be split into 12 different trades to become filled. The total cost received by the writing party (or parties) was $81.1K, with a price of $277.0 per contract. There were 3776 open contracts at this strike prior to today, and today 1049 contract(s) were bought and sold.
• Regarding U (NYSE:U), we observe a put option trade with bullish sentiment. It expires in 120 day(s) on November 17, 2023. Parties traded 1000 contract(s) at a $31.00 strike. The total cost received by the writing party (or parties) was $138.0K, with a price of $138.0 per contract. There were 5 open contracts at this strike prior to today, and today 1004 contract(s) were bought and sold.
• For AI (NYSE:AI), we notice a call option sweep that happens to be bearish, expiring in 22 day(s) on August 11, 2023. This event was a transfer of 185 contract(s) at a $39.00 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 $65.6K, with a price of $355.0 per contract. There were 256 open contracts at this strike prior to today, and today 654 contract(s) were bought and sold.
• For PLTR (NYSE:PLTR), we notice a call option trade that happens to be bearish, expiring in 239 day(s) on March 15, 2024. This event was a transfer of 68 contract(s) at a $15.00 strike. The total cost received by the writing party (or parties) was $34.0K, with a price of $500.0 per contract. There were 1345 open contracts at this strike prior to today, and today 303 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.
