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:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| NVDA | PUT | SWEEP | BULLISH | 04/21/23 | $270.00 | $104.8K | 14.0K | 59.3K |
| AAPL | PUT | TRADE | BEARISH | 04/21/23 | $167.50 | $27.3K | 15.5K | 11.7K |
| AMD | CALL | TRADE | BULLISH | 04/28/23 | $89.00 | $36.0K | 1.0K | 5.5K |
| ORCL | CALL | SWEEP | BEARISH | 04/28/23 | $95.00 | $27.0K | 511 | 2.8K |
| INTC | CALL | SWEEP | BEARISH | 05/19/23 | $31.00 | $31.8K | 10.0K | 2.6K |
| RIOT | CALL | SWEEP | BEARISH | 04/21/23 | $8.00 | $33.2K | 12.4K | 594 |
| TSM | PUT | SWEEP | BEARISH | 07/21/23 | $85.00 | $91.0K | 3.2K | 488 |
| INTU | PUT | SWEEP | NEUTRAL | 05/05/23 | $440.00 | $43.0K | 27 | 401 |
| CGNX | PUT | SWEEP | BEARISH | 05/19/23 | $50.00 | $83.1K | 44 | 308 |
| QCOM | PUT | SWEEP | BULLISH | 04/21/23 | $123.00 | $28.7K | 890 | 288 |
Explanation
These itemized elaborations have been created using the accompanying table.
• For NVDA NVDA, we notice a put option sweep that happens to be bullish, is expiring today. Parties traded 731 contract(s) at a $270.00 strike. This particular put needed to be split into 40 different trades to become filled. The total cost received by the writing party (or parties) was $104.8K, with a price of $147.0 per contract. There were 14080 open contracts at this strike prior to today, and today 59365 contract(s) were bought and sold.
• For AAPL AAPL, we notice a put option trade that happens to be bearish, is expiring today. Parties traded 100 contract(s) at a $167.50 strike. The total cost received by the writing party (or parties) was $27.3K, with a price of $273.0 per contract. There were 15589 open contracts at this strike prior to today, and today 11749 contract(s) were bought and sold.
• For AMD AMD, we notice a call option trade that happens to be bullish, expiring in 7 day(s) on April 28, 2023. This event was a transfer of 200 contract(s) at a $89.00 strike. The total cost received by the writing party (or parties) was $36.0K, with a price of $180.0 per contract. There were 1024 open contracts at this strike prior to today, and today 5545 contract(s) were bought and sold.
• For ORCL ORCL, we notice a call option sweep that happens to be bearish, expiring in 7 day(s) on April 28, 2023. This event was a transfer of 326 contract(s) at a $95.00 strike. This particular call needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $27.0K, with a price of $83.0 per contract. There were 511 open contracts at this strike prior to today, and today 2883 contract(s) were bought and sold.
• For INTC INTC, we notice a call option sweep that happens to be bearish, expiring in 28 day(s) on May 19, 2023. This event was a transfer of 300 contract(s) at a $31.00 strike. This particular call needed to be split into 17 different trades to become filled. The total cost received by the writing party (or parties) was $31.8K, with a price of $106.0 per contract. There were 10010 open contracts at this strike prior to today, and today 2662 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 120 contract(s) at a $8.00 strike. This particular call needed to be split into 25 different trades to become filled. The total cost received by the writing party (or parties) was $33.2K, with a price of $277.0 per contract. There were 12417 open contracts at this strike prior to today, and today 594 contract(s) were bought and sold.
• For TSM TSM, we notice a put option sweep that happens to be bearish, expiring in 91 day(s) on July 21, 2023. This event was a transfer of 200 contract(s) at a $85.00 strike. This particular put needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $91.0K, with a price of $455.0 per contract. There were 3226 open contracts at this strike prior to today, and today 488 contract(s) were bought and sold.
• For INTU INTU, we notice a put option sweep that happens to be neutral, expiring in 14 day(s) on May 5, 2023. This event was a transfer of 80 contract(s) at a $440.00 strike. This particular put needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $43.0K, with a price of $539.0 per contract. There were 27 open contracts at this strike prior to today, and today 401 contract(s) were bought and sold.
• For CGNX CGNX, we notice a put option sweep that happens to be bearish, expiring in 28 day(s) on May 19, 2023. This event was a transfer of 270 contract(s) at a $50.00 strike. This particular put needed to be split into 134 different trades to become filled. The total cost received by the writing party (or parties) was $83.1K, with a price of $308.0 per contract. There were 44 open contracts at this strike prior to today, and today 308 contract(s) were bought and sold.
• For QCOM QCOM, we notice a put option sweep that happens to be bullish, is expiring today. Parties traded 50 contract(s) at a $123.00 strike. This particular put needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $28.7K, with a price of $575.0 per contract. There were 890 open contracts at this strike prior to today, and today 288 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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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