10 Information Technology Stocks Whale Activity In Today's Session

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 will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels.

Below are some instances of options activity happening in the Information Technology sector:

Explanation

These itemized elaborations have been created using the accompanying table.

• For AAPL AAPL, we notice a call option sweep that happens to be bullish, is expiring today. Parties traded 399 contract(s) at a $175.00 strike. This particular call needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $29.8K, with a price of $76.0 per contract. There were 57388 open contracts at this strike prior to today, and today 61306 contract(s) were bought and sold.

• For MU MU, we notice a put option sweep that happens to be bullish, is expiring today. Parties traded 271 contract(s) at a $70.00 strike. This particular put needed to be split into 23 different trades to become filled. The total cost received by the writing party (or parties) was $48.8K, with a price of $180.0 per contract. There were 16041 open contracts at this strike prior to today, and today 8335 contract(s) were bought and sold.

• For PLTR PLTR, we notice a put option sweep that happens to be bearish, expiring in 182 day(s) on November 17, 2023. This event was a transfer of 650 contract(s) at a $11.00 strike. This particular put needed to be split into 16 different trades to become filled. The total cost received by the writing party (or parties) was $97.5K, with a price of $150.0 per contract. There were 1569 open contracts at this strike prior to today, and today 5026 contract(s) were bought and sold.

• For SIMO SIMO, we notice a put option trade that happens to be bearish, expiring in 28 day(s) on June 16, 2023. This event was a transfer of 683 contract(s) at a $50.00 strike. The total cost received by the writing party (or parties) was $88.7K, with a price of $130.0 per contract. There were 10949 open contracts at this strike prior to today, and today 1963 contract(s) were bought and sold.

• Regarding ORCL ORCL, we observe a call option trade with bearish sentiment. It expires in 28 day(s) on June 16, 2023. Parties traded 415 contract(s) at a $105.00 strike. The total cost received by the writing party (or parties) was $102.5K, with a price of $247.0 per contract. There were 8989 open contracts at this strike prior to today, and today 1514 contract(s) were bought and sold.

• Regarding SMCI SMCI, we observe a call option sweep with bearish sentiment. It expires in 63 day(s) on July 21, 2023. Parties traded 50 contract(s) at a $165.00 strike. This particular call needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $86.0K, with a price of $1720.0 per contract. There were 2006 open contracts at this strike prior to today, and today 1234 contract(s) were bought and sold.

• Regarding ADBE ADBE, we observe a call option sweep with bearish sentiment. It expires in 7 day(s) on May 26, 2023. Parties traded 117 contract(s) at a $370.00 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $47.9K, with a price of $410.0 per contract. There were 362 open contracts at this strike prior to today, and today 982 contract(s) were bought and sold.

• For DQ DQ, we notice a call option sweep that happens to be bullish, is expiring today. Parties traded 95 contract(s) at a $35.00 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 $36.1K, with a price of $380.0 per contract. There were 1023 open contracts at this strike prior to today, and today 806 contract(s) were bought and sold.

• Regarding NET NET, we observe a call option trade with bullish sentiment. It expires in 28 day(s) on June 16, 2023. Parties traded 300 contract(s) at a $65.00 strike. The total cost received by the writing party (or parties) was $43.8K, with a price of $146.0 per contract. There were 4493 open contracts at this strike prior to today, and today 761 contract(s) were bought and sold.

• For INTC INTC, we notice a call option trade that happens to be neutral, expiring in 119 day(s) on September 15, 2023. This event was a transfer of 500 contract(s) at a $35.00 strike. The total cost received by the writing party (or parties) was $34.5K, with a price of $69.0 per contract. There were 12362 open contracts at this strike prior to today, and today 574 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.