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:
Explanation
These itemized elaborations have been created using the accompanying table.
• For MU (NASDAQ:MU), we notice a put option sweep that happens to be neutral, is expiring today. Parties traded 166 contract(s) at a $430.00 strike. This particular put needed to be split into 25 different trades to become filled. The total cost received by the writing party (or parties) was $42.5K, with a price of $258.0 per contract. There were 3497 open contracts at this strike prior to today, and today 18318 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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