10 Information Technology Stocks Whale Activity In Today's Session

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
NVDA CALL TRADE BULLISH 05/10/24 $900.00 $32.6K 8.4K 43.9K
AMD CALL SWEEP BULLISH 05/10/24 $155.00 $59.5K 13.2K 30.3K
MU CALL SWEEP BEARISH 05/10/24 $120.00 $26.4K 5.8K 3.9K
PLTR CALL SWEEP BULLISH 05/24/24 $22.00 $122.0K 5.4K 3.9K
MARA PUT SWEEP BULLISH 05/10/24 $20.00 $44.8K 2.8K 3.4K
ARM CALL TRADE NEUTRAL 05/10/24 $110.00 $34.5K 3.3K 3.2K
AKAM CALL TRADE BULLISH 06/21/24 $105.00 $117.0K 531 2.5K
SMCI CALL SWEEP NEUTRAL 05/10/24 $830.00 $36.5K 1.0K 2.4K
INTC PUT SWEEP BULLISH 01/16/26 $25.00 $27.6K 3.0K 1.4K
WOLF CALL TRADE BULLISH 03/21/25 $40.00 $53.0K 46 1.0K

Explanation

These bullet-by-bullet explanations have been constructed using the accompanying table.

• Regarding NVDA NVDA, we observe a call option trade with bullish sentiment. It expires in 2 day(s) on May 10, 2024. Parties traded 25 contract(s) at a $900.00 strike. The total cost received by the writing party (or parties) was $32.6K, with a price of $1305.0 per contract. There were 8425 open contracts at this strike prior to today, and today 43973 contract(s) were bought and sold.

• Regarding AMD AMD, we observe a call option sweep with bullish sentiment. It expires in 2 day(s) on May 10, 2024. Parties traded 500 contract(s) at a $155.00 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 $59.5K, with a price of $119.0 per contract. There were 13245 open contracts at this strike prior to today, and today 30398 contract(s) were bought and sold.

• For MU MU, we notice a call option sweep that happens to be bearish, expiring in 2 day(s) on May 10, 2024. This event was a transfer of 300 contract(s) at a $120.00 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 $26.4K, with a price of $88.0 per contract. There were 5836 open contracts at this strike prior to today, and today 3989 contract(s) were bought and sold.

• Regarding PLTR PLTR, we observe a call option sweep with bullish sentiment. It expires in 16 day(s) on May 24, 2024. Parties traded 2000 contract(s) at a $22.00 strike. This particular call needed to be split into 41 different trades to become filled. The total cost received by the writing party (or parties) was $122.0K, with a price of $61.0 per contract. There were 5442 open contracts at this strike prior to today, and today 3924 contract(s) were bought and sold.

• Regarding MARA MARA, we observe a put option sweep with bullish sentiment. It expires in 2 day(s) on May 10, 2024. Parties traded 472 contract(s) at a $20.00 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 $44.8K, with a price of $95.0 per contract. There were 2825 open contracts at this strike prior to today, and today 3475 contract(s) were bought and sold.

• For ARM ARM, we notice a call option trade that happens to be neutral, expiring in 2 day(s) on May 10, 2024. This event was a transfer of 60 contract(s) at a $110.00 strike. The total cost received by the writing party (or parties) was $34.5K, with a price of $575.0 per contract. There were 3353 open contracts at this strike prior to today, and today 3277 contract(s) were bought and sold.

• For AKAM AKAM, we notice a call option trade that happens to be bullish, expiring in 44 day(s) on June 21, 2024. This event was a transfer of 249 contract(s) at a $105.00 strike. The total cost received by the writing party (or parties) was $117.0K, with a price of $470.0 per contract. There were 531 open contracts at this strike prior to today, and today 2564 contract(s) were bought and sold.

• Regarding SMCI SMCI, we observe a call option sweep with neutral sentiment. It expires in 2 day(s) on May 10, 2024. Parties traded 25 contract(s) at a $830.00 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 $36.5K, with a price of $1460.0 per contract. There were 1002 open contracts at this strike prior to today, and today 2412 contract(s) were bought and sold.

• For INTC INTC, we notice a put option sweep that happens to be bullish, expiring in 618 day(s) on January 16, 2026. This event was a transfer of 105 contract(s) at a $25.00 strike. This particular put needed to be split into 16 different trades to become filled. The total cost received by the writing party (or parties) was $27.6K, with a price of $263.0 per contract. There were 3095 open contracts at this strike prior to today, and today 1461 contract(s) were bought and sold.

• For WOLF WOLF, we notice a call option trade that happens to be bullish, expiring in 317 day(s) on March 21, 2025. This event was a transfer of 171 contract(s) at a $40.00 strike. The total cost received by the writing party (or parties) was $53.0K, with a price of $310.0 per contract. There were 46 open contracts at this strike prior to today, and today 1000 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 news on unusual options activity.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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