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 | 10/04/24 | $124.00 | $28.7K | 53.1K | 176.6K |
| AMD | PUT | SWEEP | BULLISH | 10/11/24 | $167.50 | $62.7K | 870 | 14.9K |
| AAPL | CALL | SWEEP | BULLISH | 10/11/24 | $227.50 | $65.5K | 7.4K | 14.9K |
| MSTR | CALL | SWEEP | BEARISH | 10/11/24 | $180.00 | $45.5K | 1.7K | 8.4K |
| CRM | CALL | SWEEP | BULLISH | 10/18/24 | $285.00 | $60.4K | 392 | 3.4K |
| AVGO | CALL | TRADE | BULLISH | 10/18/24 | $175.00 | $492.8K | 7.1K | 2.7K |
| MSFT | PUT | SWEEP | BEARISH | 11/15/24 | $400.00 | $95.1K | 7.8K | 1.6K |
| DOCN | CALL | TRADE | BULLISH | 10/18/24 | $42.50 | $26.0K | 6.0K | 1.3K |
| QCOM | PUT | TRADE | BEARISH | 02/21/25 | $155.00 | $36.7K | 810 | 867 |
| MARA | CALL | TRADE | BEARISH | 01/17/25 | $10.00 | $29.4K | 22.1K | 122 |
Explanation
These bullet-by-bullet explanations have been constructed using the accompanying table.
• For NVDA (NASDAQ:NVDA), we notice a call option sweep that happens to be bearish, is expiring today. Parties traded 728 contract(s) at a $124.00 strike. This particular call needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was $28.7K, with a price of $39.0 per contract. There were 53143 open contracts at this strike prior to today, and today 176644 contract(s) were bought and sold.
• Regarding AMD (NASDAQ:AMD), we observe a put option sweep with bullish sentiment. It expires in 7 day(s) on October 11, 2024. Parties traded 172 contract(s) at a $167.50 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 $62.7K, with a price of $365.0 per contract. There were 870 open contracts at this strike prior to today, and today 14927 contract(s) were bought and sold.
• Regarding AAPL (NASDAQ:AAPL), we observe a call option sweep with bullish sentiment. It expires in 7 day(s) on October 11, 2024. Parties traded 397 contract(s) at a $227.50 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 $65.5K, with a price of $165.0 per contract. There were 7402 open contracts at this strike prior to today, and today 14915 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.
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