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 | PUT | SWEEP | BEARISH | 09/17/21 | $150.00 | $58.9K | 75.6K | 29.3K |
| MSFT | CALL | SWEEP | BULLISH | 09/17/21 | $302.50 | $38.3K | 7.5K | 14.6K |
| VLDR | CALL | SWEEP | BULLISH | 10/15/21 | $7.50 | $30.0K | 2.0K | 11.1K |
| CSCO | CALL | TRADE | BEARISH | 01/20/23 | $65.00 | $2.9 million | 3.5K | 10.0K |
| ORCL | CALL | TRADE | BULLISH | 11/19/21 | $87.50 | $378.3K | 688 | 1.4K |
| EVLV | CALL | SWEEP | BULLISH | 10/15/21 | $7.50 | $59.8K | 1.6K | 1.4K |
| AVYA | PUT | SWEEP | BEARISH | 12/17/21 | $17.00 | $34.5K | 800 | 1.3K |
| MAPS | PUT | SWEEP | BULLISH | 09/17/21 | $15.00 | $33.7K | 811 | 1.0K |
| MGI | CALL | SWEEP | BEARISH | 10/15/21 | $9.00 | $31.6K | 651 | 796 |
| NET | CALL | TRADE | BULLISH | 11/19/21 | $140.00 | $153.0K | 917 | 752 |
Explanation
These bullet-by-bullet explanations have been constructed using the accompanying table.
• Regarding AAPL AAPL, we observe a put option sweep with bearish sentiment. It expires in 1 day(s) on September 17, 2021. Parties traded 261 contract(s) at a $150.00 strike. This particular put needed to be split into 17 different trades to become filled. The total cost received by the writing party (or parties) was $58.9K, with a price of $225.0 per contract. There were 75678 open contracts at this strike prior to today, and today 29382 contract(s) were bought and sold.
• For MSFT MSFT, we notice a call option sweep that happens to be bullish, expiring in 1 day(s) on September 17, 2021. This event was a transfer of 302 contract(s) at a $302.50 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $38.3K, with a price of $127.0 per contract. There were 7552 open contracts at this strike prior to today, and today 14663 contract(s) were bought and sold.
• Regarding VLDR VLDR, we observe a call option sweep with bullish sentiment. It expires in 29 day(s) on October 15, 2021. Parties traded 1000 contract(s) at a $7.50 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 $30.0K, with a price of $30.0 per contract. There were 2053 open contracts at this strike prior to today, and today 11118 contract(s) were bought and sold.
• Regarding CSCO CSCO, we observe a call option trade with bearish sentiment. It expires in 491 day(s) on January 20, 2023. Parties traded 10000 contract(s) at a $65.00 strike. The total cost received by the writing party (or parties) was $2.9 million, with a price of $290.0 per contract. There were 3503 open contracts at this strike prior to today, and today 10002 contract(s) were bought and sold.
• For ORCL ORCL, we notice a call option trade that happens to be bullish, expiring in 64 day(s) on November 19, 2021. This event was a transfer of 1300 contract(s) at a $87.50 strike. The total cost received by the writing party (or parties) was $378.3K, with a price of $291.0 per contract. There were 688 open contracts at this strike prior to today, and today 1473 contract(s) were bought and sold.
• For EVLV EVLV, we notice a call option sweep that happens to be bullish, expiring in 29 day(s) on October 15, 2021. This event was a transfer of 998 contract(s) at a $7.50 strike. This particular call needed to be split into 29 different trades to become filled. The total cost received by the writing party (or parties) was $59.8K, with a price of $60.0 per contract. There were 1699 open contracts at this strike prior to today, and today 1449 contract(s) were bought and sold.
• Regarding AVYA AVYA, we observe a put option sweep with bearish sentiment. It expires in 92 day(s) on December 17, 2021. Parties traded 300 contract(s) at a $17.00 strike. This particular put needed to be split into 15 different trades to become filled. The total cost received by the writing party (or parties) was $34.5K, with a price of $115.0 per contract. There were 800 open contracts at this strike prior to today, and today 1383 contract(s) were bought and sold.
• Regarding MAPS MAPS, we observe a put option sweep with bullish sentiment. It expires in 1 day(s) on September 17, 2021. Parties traded 450 contract(s) at a $15.00 strike. This particular put needed to be split into 12 different trades to become filled. The total cost received by the writing party (or parties) was $33.7K, with a price of $75.0 per contract. There were 811 open contracts at this strike prior to today, and today 1072 contract(s) were bought and sold.
• For MGI MGI, we notice a call option sweep that happens to be bearish, expiring in 29 day(s) on October 15, 2021. This event was a transfer of 486 contract(s) at a $9.00 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 $31.6K, with a price of $65.0 per contract. There were 651 open contracts at this strike prior to today, and today 796 contract(s) were bought and sold.
• Regarding NET NET, we observe a call option trade with bullish sentiment. It expires in 64 day(s) on November 19, 2021. Parties traded 200 contract(s) at a $140.00 strike. The total cost received by the writing party (or parties) was $153.0K, with a price of $765.0 per contract. There were 917 open contracts at this strike prior to today, and today 752 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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