Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!
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.
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 |
|---|---|---|---|---|---|---|---|---|
| AMD | PUT | SWEEP | NEUTRAL | 02/18/22 | $120.00 | $71.2K | 9.0K | 2.7K |
| CRM | PUT | TRADE | NEUTRAL | 03/18/22 | $190.00 | $481.2K | 500 | 1.7K |
| HPQ | CALL | TRADE | NEUTRAL | 01/19/24 | $32.00 | $427.5K | 8 | 475 |
| PYPL | CALL | TRADE | BULLISH | 01/19/24 | $250.00 | $60.0K | 1.7K | 360 |
| SQ | CALL | TRADE | NEUTRAL | 01/19/24 | $180.00 | $53.5K | 371 | 267 |
| ADBE | PUT | SWEEP | BEARISH | 01/20/23 | $380.00 | $26.8K | 429 | 249 |
| ZS | PUT | SWEEP | BEARISH | 01/21/22 | $257.50 | $38.5K | 81 | 240 |
| RIOT | PUT | SWEEP | BEARISH | 01/21/22 | $24.00 | $34.6K | 1.3K | 220 |
| MSFT | CALL | TRADE | BEARISH | 04/14/22 | $300.00 | $28.1K | 1.8K | 179 |
| XLNX | CALL | TRADE | BEARISH | 02/04/22 | $200.00 | $45.5K | 15 | 162 |
Explanation
These bullet-by-bullet explanations have been constructed using the accompanying table.
• Regarding AMD (NASDAQ:AMD), we observe a put option sweep with neutral sentiment. It expires in 30 day(s) on February 18, 2022. Parties traded 160 contract(s) at a $120.00 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 $71.2K, with a price of $445.0 per contract. There were 9027 open contracts at this strike prior to today, and today 2758 contract(s) were bought and sold.
• For CRM (NYSE:CRM), we notice a put option trade that happens to be neutral, expiring in 58 day(s) on March 18, 2022. This event was a transfer of 1750 contract(s) at a $190.00 strike. The total cost received by the writing party (or parties) was $481.2K, with a price of $275.0 per contract. There were 500 open contracts at this strike prior to today, and today 1772 contract(s) were bought and sold.
• For HPQ (NYSE:HPQ), we notice a call option trade that happens to be neutral, expiring in 730 day(s) on January 19, 2024. This event was a transfer of 475 contract(s) at a $32.00 strike. The total cost received by the writing party (or parties) was $427.5K, with a price of $900.0 per contract. There were 8 open contracts at this strike prior to today, and today 475 contract(s) were bought and sold.
Want Private Access to Benzinga Analyst?
Check out the latest strategies our team of experts are using every week so that you can always adapt to the market like the pros!—Get FULL Access to This Week's Webinar Here.
• For PYPL (NASDAQ:PYPL), we notice a call option trade that happens to be bullish, expiring in 730 day(s) on January 19, 2024. This event was a transfer of 35 contract(s) at a $250.00 strike. The total cost received by the writing party (or parties) was $60.0K, with a price of $1715.0 per contract. There were 1740 open contracts at this strike prior to today, and today 360 contract(s) were bought and sold.
• Regarding SQ (NYSE:SQ), we observe a call option trade with neutral sentiment. It expires in 730 day(s) on January 19, 2024. Parties traded 25 contract(s) at a $180.00 strike. The total cost received by the writing party (or parties) was $53.5K, with a price of $2140.0 per contract. There were 371 open contracts at this strike prior to today, and today 267 contract(s) were bought and sold.
• Regarding ADBE (NASDAQ:ADBE), we observe a put option sweep with bearish sentiment. It expires in 366 day(s) on January 20, 2023. Parties traded 16 contract(s) at a $380.00 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 $26.8K, with a price of $1689.0 per contract. There were 429 open contracts at this strike prior to today, and today 249 contract(s) were bought and sold.
• For ZS (NASDAQ:ZS), we notice a put option sweep that happens to be bearish, expiring in 2 day(s) on January 21, 2022. This event was a transfer of 82 contract(s) at a $257.50 strike. This particular put needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $38.5K, with a price of $470.0 per contract. There were 81 open contracts at this strike prior to today, and today 240 contract(s) were bought and sold.
• Regarding RIOT (NASDAQ:RIOT), we observe a put option sweep with bearish sentiment. It expires in 2 day(s) on January 21, 2022. Parties traded 63 contract(s) at a $24.00 strike. This particular put needed to be split into 10 different trades to become filled. The total cost received by the writing party (or parties) was $34.6K, with a price of $550.0 per contract. There were 1348 open contracts at this strike prior to today, and today 220 contract(s) were bought and sold.
• Regarding MSFT (NASDAQ:MSFT), we observe a call option trade with bearish sentiment. It expires in 85 day(s) on April 14, 2022. Parties traded 12 contract(s) at a $300.00 strike. The total cost received by the writing party (or parties) was $28.1K, with a price of $2345.0 per contract. There were 1885 open contracts at this strike prior to today, and today 179 contract(s) were bought and sold.
• Regarding XLNX (NASDAQ:XLNX), we observe a call option trade with bearish sentiment. It expires in 16 day(s) on February 4, 2022. Parties traded 44 contract(s) at a $200.00 strike. The total cost received by the writing party (or parties) was $45.5K, with a price of $1035.0 per contract. There were 15 open contracts at this strike prior to today, and today 162 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.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.