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 | BULLISH | 01/22/21 | $137.00 | $28.7K | 23.3K | 110.4K |
| MSFT | CALL | SWEEP | BULLISH | 02/19/21 | $240.00 | $146.5K | 53.6K | 64.0K |
| AMD | CALL | SWEEP | NEUTRAL | 01/22/21 | $93.00 | $27.4K | 6.4K | 21.2K |
| MU | CALL | TRADE | BEARISH | 01/29/21 | $87.00 | $143.0K | 13.6K | 11.8K |
| CSCO | PUT | TRADE | BULLISH | 03/19/21 | $34.00 | $28.9K | 2.2K | 4.0K |
| SQ | CALL | SWEEP | BEARISH | 01/22/21 | $220.00 | $28.9K | 3.1K | 3.7K |
| BB | CALL | SWEEP | BEARISH | 03/19/21 | $15.00 | $45.1K | 14.3K | 3.3K |
| MRVL | CALL | TRADE | BULLISH | 02/19/21 | $45.00 | $1.4 million | 11.0K | 2.8K |
| NOK | CALL | SWEEP | BULLISH | 01/21/22 | $7.00 | $28.8K | 141.4K | 2.3K |
| IBM | CALL | SWEEP | BEARISH | 01/29/21 | $121.00 | $25.5K | 19 | 2.2K |
Explanation
These bullet-by-bullet explanations have been constructed using the accompanying table.
• For AAPL (NASDAQ:AAPL), we notice a call option sweep that happens to be bullish, is expiring today. A trader bought 268 contract(s) at a $137.00 strike. This particular call needed to be split into 8 different trades to become filled. The trader or institution spent $28.7K on this trade with a price of $107.0 per contract. There were 23393 open contracts at this strike prior to today, and today 110411 contract(s) were bought and sold.
• For MSFT (NASDAQ:MSFT), we notice a call option sweep that happens to be bullish, expiring in 28 day(s) on February 19, 2021. A trader bought 451 contract(s) at a $240.00 strike. This particular call needed to be split into 32 different trades to become filled. The trader or institution spent $146.5K on this trade with a price of $325.0 per contract. There were 53698 open contracts at this strike prior to today, and today 64015 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.
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