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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 | CALL | SWEEP | BEARISH | 12/23/22 | $135.00 | $43.5K | 21.9K | 63.7K |
| AMD | PUT | TRADE | BULLISH | 01/20/23 | $85.00 | $1.7 million | 14.1K | 1.0K |
| WDC | PUT | SWEEP | BEARISH | 12/23/22 | $32.00 | $44.0K | 338 | 856 |
| MSFT | CALL | SWEEP | BEARISH | 03/17/23 | $275.00 | $41.3K | 5.1K | 724 |
| MU | PUT | SWEEP | NEUTRAL | 06/21/24 | $55.00 | $28.1K | 547 | 561 |
| TXN | CALL | SWEEP | NEUTRAL | 02/17/23 | $155.00 | $49.5K | 40 | 527 |
| CRM | CALL | TRADE | BEARISH | 01/20/23 | $140.00 | $29.0K | 7.0K | 448 |
| WOLF | PUT | TRADE | BULLISH | 01/19/24 | $47.50 | $29.1K | 83 | 303 |
| TSM | CALL | SWEEP | BULLISH | 02/17/23 | $70.00 | $87.7K | 425 | 223 |
| MRVL | CALL | SWEEP | BULLISH | 01/19/24 | $30.00 | $48.6K | 486 | 113 |
Explanation
These itemized elaborations have been created using the accompanying table.
• For AAPL (NASDAQ:AAPL), we notice a call option sweep that happens to be bearish, expiring in 2 day(s) on December 23, 2022. This event was a transfer of 300 contract(s) at a $135.00 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 $43.5K, with a price of $145.0 per contract. There were 21975 open contracts at this strike prior to today, and today 63755 contract(s) were bought and sold.
• For AMD (NASDAQ:AMD), we notice a put option trade that happens to be bullish, expiring in 30 day(s) on January 20, 2023. This event was a transfer of 1000 contract(s) at a $85.00 strike. The total cost received by the writing party (or parties) was $1.7 million, with a price of $1781.0 per contract. There were 14154 open contracts at this strike prior to today, and today 1022 contract(s) were bought and sold.
• For WDC (NASDAQ:WDC), we notice a put option sweep that happens to be bearish, expiring in 2 day(s) on December 23, 2022. This event was a transfer of 833 contract(s) at a $32.00 strike. This particular put needed to be split into 34 different trades to become filled. The total cost received by the writing party (or parties) was $44.0K, with a price of $53.0 per contract. There were 338 open contracts at this strike prior to today, and today 856 contract(s) were bought and sold.
• For MSFT (NASDAQ:MSFT), we notice a call option sweep that happens to be bearish, expiring in 86 day(s) on March 17, 2023. This event was a transfer of 93 contract(s) at a $275.00 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 $41.3K, with a price of $445.0 per contract. There were 5174 open contracts at this strike prior to today, and today 724 contract(s) were bought and sold.
• Regarding MU (NASDAQ:MU), we observe a put option sweep with neutral sentiment. It expires in 548 day(s) on June 21, 2024. Parties traded 25 contract(s) at a $55.00 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 $28.1K, with a price of $1125.0 per contract. There were 547 open contracts at this strike prior to today, and today 561 contract(s) were bought and sold.
• Regarding TXN (NASDAQ:TXN), we observe a call option sweep with neutral sentiment. It expires in 58 day(s) on February 17, 2023. Parties traded 30 contract(s) at a $155.00 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 $49.5K, with a price of $1650.0 per contract. There were 40 open contracts at this strike prior to today, and today 527 contract(s) were bought and sold.
• Regarding CRM (NYSE:CRM), we observe a call option trade with bearish sentiment. It expires in 30 day(s) on January 20, 2023. Parties traded 129 contract(s) at a $140.00 strike. The total cost received by the writing party (or parties) was $29.0K, with a price of $225.0 per contract. There were 7020 open contracts at this strike prior to today, and today 448 contract(s) were bought and sold.
• Regarding WOLF (NYSE:WOLF), we observe a put option trade with bullish sentiment. It expires in 394 day(s) on January 19, 2024. Parties traded 53 contract(s) at a $47.50 strike. The total cost received by the writing party (or parties) was $29.1K, with a price of $550.0 per contract. There were 83 open contracts at this strike prior to today, and today 303 contract(s) were bought and sold.
• For TSM (NYSE:TSM), we notice a call option sweep that happens to be bullish, expiring in 58 day(s) on February 17, 2023. This event was a transfer of 97 contract(s) at a $70.00 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 $87.7K, with a price of $905.0 per contract. There were 425 open contracts at this strike prior to today, and today 223 contract(s) were bought and sold.
• For MRVL (NASDAQ:MRVL), we notice a call option sweep that happens to be bullish, expiring in 394 day(s) on January 19, 2024. This event was a transfer of 35 contract(s) at a $30.00 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 $48.6K, with a price of $1390.0 per contract. There were 486 open contracts at this strike prior to today, and today 113 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.
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