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 | SWEEP | BEARISH | 07/19/24 | $130.00 | $52.4K | 94.1K | 166.8K |
| MARA | CALL | TRADE | BULLISH | 08/16/24 | $25.00 | $37.1K | 19.8K | 15.4K |
| AAPL | CALL | SWEEP | BEARISH | 07/26/24 | $240.00 | $29.2K | 8.2K | 15.2K |
| TSM | CALL | TRADE | NEUTRAL | 09/20/24 | $190.00 | $123.5K | 2.3K | 6.0K |
| AVGO | CALL | TRADE | BEARISH | 08/16/24 | $170.00 | $64.0K | 0 | 3.3K |
| SMCI | CALL | SWEEP | NEUTRAL | 07/19/24 | $900.00 | $87.4K | 2.2K | 3.3K |
| MSTR | CALL | TRADE | BEARISH | 07/19/24 | $1700.00 | $77.5K | 762 | 1.9K |
| IBM | CALL | TRADE | BEARISH | 08/16/24 | $190.00 | $38.5K | 2.2K | 1.4K |
| MSFT | PUT | SWEEP | BULLISH | 07/19/24 | $457.50 | $29.8K | 3.2K | 1.2K |
| IREN | CALL | TRADE | BEARISH | 11/15/24 | $12.50 | $30.5K | 8.8K | 791 |
Explanation
These itemized elaborations have been created using the accompanying table.
• For NVDA (NASDAQ:NVDA), we notice a call option sweep that happens to be bearish, expiring in 4 day(s) on July 19, 2024. This event was a transfer of 251 contract(s) at a $130.00 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 $52.4K, with a price of $209.0 per contract. There were 94150 open contracts at this strike prior to today, and today 166894 contract(s) were bought and sold.
• For MARA (NASDAQ:MARA), we notice a call option trade that happens to be bullish, expiring in 32 day(s) on August 16, 2024. This event was a transfer of 135 contract(s) at a $25.00 strike. The total cost received by the writing party (or parties) was $37.1K, with a price of $275.0 per contract. There were 19878 open contracts at this strike prior to today, and today 15478 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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