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 |
|---|---|---|---|---|---|---|---|---|
| AAPL | PUT | SWEEP | BEARISH | 09/29/23 | $172.50 | $42.7K | 19.8K | 73.0K |
| NVDA | CALL | SWEEP | BEARISH | 09/29/23 | $430.00 | $39.0K | 9.3K | 35.2K |
| MSFT | CALL | SWEEP | BULLISH | 09/29/23 | $315.00 | $26.9K | 1.3K | 14.2K |
| U | CALL | SWEEP | BULLISH | 09/29/23 | $31.00 | $70.9K | 197 | 2.3K |
| NET | PUT | SWEEP | BEARISH | 10/06/23 | $56.00 | $34.6K | 353 | 2.2K |
| ORCL | CALL | SWEEP | BULLISH | 12/15/23 | $105.00 | $25.2K | 1.4K | 647 |
| DBX | CALL | SWEEP | BEARISH | 06/21/24 | $30.00 | $71.5K | 8.5K | 420 |
| AMD | CALL | SWEEP | BEARISH | 06/21/24 | $110.00 | $280.2K | 5.6K | 282 |
| MU | PUT | TRADE | BEARISH | 12/15/23 | $70.00 | $52.4K | 3.8K | 144 |
| NOW | PUT | SWEEP | BULLISH | 05/17/24 | $510.00 | $211.7K | 2 | 117 |
Explanation
These bullet-by-bullet explanations have been constructed using the accompanying table.
• For AAPL (NASDAQ:AAPL), we notice a put option sweep that happens to be bearish, expiring in 3 day(s) on September 29, 2023. This event was a transfer of 285 contract(s) at a $172.50 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 $42.7K, with a price of $150.0 per contract. There were 19834 open contracts at this strike prior to today, and today 73042 contract(s) were bought and sold.
• Regarding NVDA (NASDAQ:NVDA), we observe a call option sweep with bearish sentiment. It expires in 3 day(s) on September 29, 2023. Parties traded 100 contract(s) at a $430.00 strike. This particular call needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $39.0K, with a price of $390.0 per contract. There were 9322 open contracts at this strike prior to today, and today 35219 contract(s) were bought and sold.
• For MSFT (NASDAQ:MSFT), we notice a call option sweep that happens to be bullish, expiring in 3 day(s) on September 29, 2023. This event was a transfer of 116 contract(s) at a $315.00 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 $26.9K, with a price of $232.0 per contract. There were 1343 open contracts at this strike prior to today, and today 14289 contract(s) were bought and sold.
• For U (NYSE:U), we notice a call option sweep that happens to be bullish, expiring in 3 day(s) on September 29, 2023. This event was a transfer of 1365 contract(s) at a $31.00 strike. This particular call needed to be split into 24 different trades to become filled. The total cost received by the writing party (or parties) was $70.9K, with a price of $52.0 per contract. There were 197 open contracts at this strike prior to today, and today 2365 contract(s) were bought and sold.
• Regarding NET (NYSE:NET), we observe a put option sweep with bearish sentiment. It expires in 10 day(s) on October 6, 2023. Parties traded 200 contract(s) at a $56.00 strike. This particular put needed to be split into 11 different trades to become filled. The total cost received by the writing party (or parties) was $34.6K, with a price of $173.0 per contract. There were 353 open contracts at this strike prior to today, and today 2259 contract(s) were bought and sold.
• For ORCL (NYSE:ORCL), we notice a call option sweep that happens to be bullish, expiring in 80 day(s) on December 15, 2023. This event was a transfer of 40 contract(s) at a $105.00 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 $25.2K, with a price of $630.0 per contract. There were 1461 open contracts at this strike prior to today, and today 647 contract(s) were bought and sold.
• Regarding DBX (NASDAQ:DBX), we observe a call option sweep with bearish sentiment. It expires in 269 day(s) on June 21, 2024. Parties traded 368 contract(s) at a $30.00 strike. This particular call needed to be split into 19 different trades to become filled. The total cost received by the writing party (or parties) was $71.5K, with a price of $195.0 per contract. There were 8592 open contracts at this strike prior to today, and today 420 contract(s) were bought and sold.
• For AMD (NASDAQ:AMD), we notice a call option sweep that happens to be bearish, expiring in 269 day(s) on June 21, 2024. This event was a transfer of 250 contract(s) at a $110.00 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 $280.2K, with a price of $1125.0 per contract. There were 5666 open contracts at this strike prior to today, and today 282 contract(s) were bought and sold.
• Regarding MU (NASDAQ:MU), we observe a put option trade with bearish sentiment. It expires in 80 day(s) on December 15, 2023. Parties traded 99 contract(s) at a $70.00 strike. The total cost received by the writing party (or parties) was $52.4K, with a price of $530.0 per contract. There were 3888 open contracts at this strike prior to today, and today 144 contract(s) were bought and sold.
• Regarding NOW (NYSE:NOW), we observe a put option sweep with bullish sentiment. It expires in 234 day(s) on May 17, 2024. Parties traded 52 contract(s) at a $510.00 strike. This particular put needed to be split into 13 different trades to become filled. The total cost received by the writing party (or parties) was $211.7K, with a price of $4073.0 per contract. There were 2 open contracts at this strike prior to today, and today 117 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.
