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 often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming 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 |
|---|---|---|---|---|---|---|---|---|
| PLTR | PUT | TRADE | BULLISH | 11/08/24 | $40.00 | $50.3K | 9.4K | 5.2K |
| MSTR | PUT | TRADE | BEARISH | 11/15/24 | $200.00 | $42.5K | 5.8K | 1.8K |
| ALAB | CALL | SWEEP | BEARISH | 11/15/24 | $75.00 | $29.0K | 3.9K | 1.2K |
| NVDA | CALL | TRADE | BEARISH | 01/16/26 | $15.00 | $246.2K | 90 | 405 |
| CFLT | CALL | SWEEP | BULLISH | 01/17/25 | $20.00 | $83.7K | 539 | 287 |
| MU | CALL | TRADE | BULLISH | 06/20/25 | $135.00 | $55.0K | 4.0K | 254 |
| TWLO | CALL | TRADE | NEUTRAL | 01/17/25 | $85.00 | $30.1K | 1.4K | 228 |
| ON | PUT | TRADE | BULLISH | 06/20/25 | $65.00 | $107.9K | 1.7K | 170 |
| INTC | CALL | TRADE | NEUTRAL | 12/06/24 | $21.00 | $27.5K | 21 | 142 |
| AAPL | CALL | TRADE | BULLISH | 12/18/26 | $240.00 | $32.9K | 3.8K | 139 |
Explanation
These bullet-by-bullet explanations have been constructed using the accompanying table.
• For PLTR (NYSE:PLTR), we notice a put option trade that happens to be bullish, expiring in 7 day(s) on November 8, 2024. This event was a transfer of 283 contract(s) at a $40.00 strike. The total cost received by the writing party (or parties) was $50.3K, with a price of $178.0 per contract. There were 9454 open contracts at this strike prior to today, and today 5220 contract(s) were bought and sold.
• Regarding MSTR (NASDAQ:MSTR), we observe a put option trade with bearish sentiment. It expires in 14 day(s) on November 15, 2024. Parties traded 50 contract(s) at a $200.00 strike. The total cost received by the writing party (or parties) was $42.5K, with a price of $850.0 per contract. There were 5859 open contracts at this strike prior to today, and today 1865 contract(s) were bought and sold.
• For NVDA (NASDAQ:NVDA), we notice a call option trade that happens to be bearish, expiring in 441 day(s) on January 16, 2026. This event was a transfer of 20 contract(s) at a $15.00 strike. The total cost received by the writing party (or parties) was $246.2K, with a price of $12310.0 per contract. There were 90 open contracts at this strike prior to today, and today 405 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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