This unusual options alert can help traders track potentially big trading opportunities. Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Unusual trading activity could push option prices to hyperbolic or underperforming levels.
Below are some instances of unusual options activity happening in the Information Technology sector:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| AAPL | CALL | SWEEP | BEARISH | 11/27/20 | $116.00 | $47.8K | 25.6K | 54.1K |
| AMD | CALL | SWEEP | NEUTRAL | 01/15/21 | $100.00 | $45.1K | 27.4K | 22.3K |
| WORK | CALL | TRADE | BEARISH | 11/27/20 | $40.00 | $124.9K | 98 | 12.8K |
| SABR | CALL | SWEEP | BULLISH | 01/15/21 | $12.50 | $42.9K | 28.6K | 5.5K |
| FSLR | PUT | TRADE | BULLISH | 11/27/20 | $90.00 | $36.4K | 159 | 3.0K |
| HPE | CALL | TRADE | BULLISH | 01/15/21 | $12.00 | $80.0K | 4.5K | 2.2K |
| MSFT | PUT | SWEEP | BULLISH | 12/18/20 | $200.00 | $40.6K | 18.0K | 1.9K |
| MU | CALL | SWEEP | BULLISH | 12/18/20 | $65.00 | $42.2K | 37.5K | 1.7K |
| FISV | CALL | TRADE | BEARISH | 01/21/22 | $105.00 | $470.0K | 26.8K | 1.2K |
| BOX | CALL | TRADE | BEARISH | 12/18/20 | $17.00 | $31.0K | 538 | 918 |
Explanation
These bullet-by-bullet explanations have been constructed using the accompanying table.
• For AAPL AAPL, we notice a call option sweep that happens to be bearish, expiring in 2 day(s) on November 27, 2020. A trader bought 614 contract(s) at a $116.00 strike. This particular call needed to be split into 17 different trades to become filled. The trader or institution spent $47.8K on this trade with a price of $78.0 per contract. There were 25646 open contracts at this strike prior to today, and today 54167 contract(s) were bought and sold.
• Regarding AMD AMD, we observe a call option sweep with neutral sentiment. It expires in 51 day(s) on January 15, 2021. A trader bought 208 contract(s) at a $100.00 strike. This particular call needed to be split into 4 different trades to become filled. The trader or institution spent $45.1K on this trade with a price of $217.0 per contract. There were 27459 open contracts at this strike prior to today, and today 22396 contract(s) were bought and sold.
• For WORK WORK, we notice a call option trade that happens to be bearish, expiring in 2 day(s) on November 27, 2020. A trader bought 2083 contract(s) at a $40.00 strike. The trader or institution spent $124.9K on this trade with a price of $60.0 per contract. There were 98 open contracts at this strike prior to today, and today 12867 contract(s) were bought and sold.
• For SABR SABR, we notice a call option sweep that happens to be bullish, expiring in 51 day(s) on January 15, 2021. A trader bought 450 contract(s) at a $12.50 strike. This particular call needed to be split into 33 different trades to become filled. The trader or institution spent $42.9K on this trade with a price of $100.0 per contract. There were 28680 open contracts at this strike prior to today, and today 5585 contract(s) were bought and sold.
• Regarding FSLR FSLR, we observe a put option trade with bullish sentiment. It expires in 2 day(s) on November 27, 2020. A trader bought 986 contract(s) at a $90.00 strike. The trader or institution spent $36.4K on this trade with a price of $37.0 per contract. There were 159 open contracts at this strike prior to today, and today 3062 contract(s) were bought and sold.
• For HPE HPE, we notice a call option trade that happens to be bullish, expiring in 51 day(s) on January 15, 2021. A trader bought 2000 contract(s) at a $12.00 strike. The trader or institution spent $80.0K on this trade with a price of $40.0 per contract. There were 4532 open contracts at this strike prior to today, and today 2270 contract(s) were bought and sold.
• Regarding MSFT MSFT, we observe a put option sweep with bullish sentiment. It expires in 23 day(s) on December 18, 2020. A trader bought 313 contract(s) at a $200.00 strike. This particular put needed to be split into 5 different trades to become filled. The trader or institution spent $40.6K on this trade with a price of $130.0 per contract. There were 18052 open contracts at this strike prior to today, and today 1958 contract(s) were bought and sold.
• For MU MU, we notice a call option sweep that happens to be bullish, expiring in 23 day(s) on December 18, 2020. A trader bought 250 contract(s) at a $65.00 strike. This particular call needed to be split into 14 different trades to become filled. The trader or institution spent $42.2K on this trade with a price of $169.0 per contract. There were 37531 open contracts at this strike prior to today, and today 1761 contract(s) were bought and sold.
• For FISV FISV, we notice a call option trade that happens to be bearish, expiring in 422 day(s) on January 21, 2022. A trader bought 250 contract(s) at a $105.00 strike. The trader or institution spent $470.0K on this trade with a price of $1880.0 per contract. There were 26882 open contracts at this strike prior to today, and today 1278 contract(s) were bought and sold.
• Regarding BOX BOX, we observe a call option trade with bearish sentiment. It expires in 23 day(s) on December 18, 2020. A trader bought 200 contract(s) at a $17.00 strike. The trader or institution spent $31.0K on this trade with a price of $155.0 per contract. There were 538 open contracts at this strike prior to today, and today 918 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.
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Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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