This unusual options alert can help traders discover the next big trading opportunities. Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. Unusual trading activity could push option prices to exaggerated or underestimated 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 | 03/12/21 | $120.00 | $46.3K | 19.1K | 19.6K |
| RIOT | CALL | SWEEP | BEARISH | 03/12/21 | $60.00 | $49.9K | 6.2K | 13.3K |
| AMD | CALL | TRADE | NEUTRAL | 03/12/21 | $82.50 | $33.7K | 4.4K | 5.4K |
| PYPL | CALL | SWEEP | NEUTRAL | 03/19/21 | $270.00 | $120.0K | 12.0K | 3.1K |
| MSFT | PUT | SWEEP | BEARISH | 03/19/21 | $235.00 | $47.4K | 12.7K | 2.3K |
| ORCL | CALL | SWEEP | BULLISH | 03/19/21 | $67.50 | $28.2K | 4.1K | 2.3K |
| CSCO | CALL | TRADE | BULLISH | 06/18/21 | $55.00 | $124.0K | 22.8K | 2.0K |
| INTC | CALL | TRADE | NEUTRAL | 04/16/21 | $67.50 | $31.8K | 26.5K | 1.9K |
| QCOM | CALL | SWEEP | BEARISH | 04/16/21 | $130.00 | $144.5K | 8.4K | 1.7K |
| BB | CALL | SWEEP | BULLISH | 03/26/21 | $12.50 | $38.7K | 743 | 924 |
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, is expiring today. Parties traded 200 contract(s) at a $120.00 strike. This particular call needed to be split into 8 different trades to become filled. The total cost received by the writing party (or parties) was $46.3K, with a price of $232.0 per contract. There were 19112 open contracts at this strike prior to today, and today 19623 contract(s) were bought and sold.
• For RIOT RIOT, we notice a call option sweep that happens to be bearish, is expiring today. Parties traded 217 contract(s) at a $60.00 strike. This particular call needed to be split into 19 different trades to become filled. The total cost received by the writing party (or parties) was $49.9K, with a price of $230.0 per contract. There were 6211 open contracts at this strike prior to today, and today 13390 contract(s) were bought and sold.
• For AMD AMD, we notice a call option trade that happens to be neutral, is expiring today. Parties traded 1055 contract(s) at a $82.50 strike. The total cost received by the writing party (or parties) was $33.7K, with a price of $32.0 per contract. There were 4444 open contracts at this strike prior to today, and today 5492 contract(s) were bought and sold.
• For PYPL PYPL, we notice a call option sweep that happens to be neutral, expiring in 7 day(s) on March 19, 2021. This event was a transfer of 686 contract(s) at a $270.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $120.0K, with a price of $175.0 per contract. There were 12002 open contracts at this strike prior to today, and today 3157 contract(s) were bought and sold.
• For MSFT MSFT, we notice a put option sweep that happens to be bearish, expiring in 7 day(s) on March 19, 2021. This event was a transfer of 207 contract(s) at a $235.00 strike. This particular put needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was $47.4K, with a price of $229.0 per contract. There were 12729 open contracts at this strike prior to today, and today 2344 contract(s) were bought and sold.
• For ORCL ORCL, we notice a call option sweep that happens to be bullish, expiring in 7 day(s) on March 19, 2021. This event was a transfer of 250 contract(s) at a $67.50 strike. This particular call needed to be split into 11 different trades to become filled. The total cost received by the writing party (or parties) was $28.2K, with a price of $113.0 per contract. There were 4134 open contracts at this strike prior to today, and today 2332 contract(s) were bought and sold.
• For CSCO CSCO, we notice a call option trade that happens to be bullish, expiring in 98 day(s) on June 18, 2021. This event was a transfer of 2000 contract(s) at a $55.00 strike. The total cost received by the writing party (or parties) was $124.0K, with a price of $62.0 per contract. There were 22833 open contracts at this strike prior to today, and today 2081 contract(s) were bought and sold.
• For INTC INTC, we notice a call option trade that happens to be neutral, expiring in 35 day(s) on April 16, 2021. This event was a transfer of 241 contract(s) at a $67.50 strike. The total cost received by the writing party (or parties) was $31.8K, with a price of $132.0 per contract. There were 26533 open contracts at this strike prior to today, and today 1998 contract(s) were bought and sold.
• For QCOM QCOM, we notice a call option sweep that happens to be bearish, expiring in 35 day(s) on April 16, 2021. This event was a transfer of 211 contract(s) at a $130.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $144.5K, with a price of $685.0 per contract. There were 8467 open contracts at this strike prior to today, and today 1744 contract(s) were bought and sold.
• For BB BB, we notice a call option sweep that happens to be bullish, expiring in 14 day(s) on March 26, 2021. This event was a transfer of 775 contract(s) at a $12.50 strike. This particular call needed to be split into 12 different trades to become filled. The total cost received by the writing party (or parties) was $38.7K, with a price of $50.0 per contract. There were 743 open contracts at this strike prior to today, and today 924 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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