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.

Here's the list of options activity happening in today's session:

Explanation

These bullet-by-bullet explanations have been constructed using the accompanying table.

• For AAPL (NASDAQ:AAPL), we notice a call option trade that happens to be bullish, expiring in 2 day(s) on September 8, 2023. This event was a transfer of 500 contract(s) at a $185.00 strike. The total cost received by the writing party (or parties) was $31.0K, with a price of $62.0 per contract. There were 29959 open contracts at this strike prior to today, and today 91717 contract(s) were bought and sold.

• Regarding NVDA (NASDAQ:NVDA), we observe a call option sweep with neutral sentiment. It expires in 2 day(s) on September 8, 2023. Parties traded 80 contract(s) at a $470.00 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 $46.8K, with a price of $585.0 per contract. There were 1806 open contracts at this strike prior to today, and today 29622 contract(s) were bought and sold.

• For AMD (NASDAQ:AMD), we notice a call option sweep that happens to be bullish, expiring in 2 day(s) on September 8, 2023. This event was a transfer of 743 contract(s) at a $111.00 strike. This particular call needed to be split into 26 different trades to become filled. The total cost received by the writing party (or parties) was $52.0K, with a price of $70.0 per contract. There were 5947 open contracts at this strike prior to today, and today 21022 contract(s) were bought and sold.

• For MSFT (NASDAQ:MSFT), we notice a call option sweep that happens to be bearish, expiring in 9 day(s) on September 15, 2023. This event was a transfer of 128 contract(s) at a $335.00 strike. This particular call needed to be split into 10 different trades to become filled. The total cost received by the writing party (or parties) was $39.0K, with a price of $305.0 per contract. There were 10995 open contracts at this strike prior to today, and today 3353 contract(s) were bought and sold.

• Regarding TSM (NYSE:TSM), we observe a call option trade with neutral sentiment. It expires in 135 day(s) on January 19, 2024. Parties traded 2366 contract(s) at a $135.00 strike. The total cost received by the writing party (or parties) was $47.3K, with a price of $20.0 per contract. There were 6780 open contracts at this strike prior to today, and today 3063 contract(s) were bought and sold.

• For ZS (NASDAQ:ZS), we notice a call option sweep that happens to be bearish, expiring in 9 day(s) on September 15, 2023. This event was a transfer of 99 contract(s) at a $160.00 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 $30.2K, with a price of $305.0 per contract. There were 952 open contracts at this strike prior to today, and today 1641 contract(s) were bought and sold.

• Regarding AI (NYSE:AI), we observe a put option trade with bullish sentiment. It expires in 9 day(s) on September 15, 2023. Parties traded 35 contract(s) at a $40.00 strike. The total cost received by the writing party (or parties) was $32.7K, with a price of $935.0 per contract. There were 3895 open contracts at this strike prior to today, and today 918 contract(s) were bought and sold.

• For DDOG (NASDAQ:DDOG), we notice a put option sweep that happens to be bullish, expiring in 2 day(s) on September 8, 2023. This event was a transfer of 303 contract(s) at a $97.00 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 $47.2K, with a price of $156.0 per contract. There were 417 open contracts at this strike prior to today, and today 688 contract(s) were bought and sold.

• Regarding PLTR (NYSE:PLTR), we observe a call option sweep with bearish sentiment. It expires in 44 day(s) on October 20, 2023. Parties traded 345 contract(s) at a $16.00 strike. This particular call needed to be split into 16 different trades to become filled. The total cost received by the writing party (or parties) was $28.6K, with a price of $83.0 per contract. There were 13059 open contracts at this strike prior to today, and today 636 contract(s) were bought and sold.

• For NTAP (NASDAQ:NTAP), we notice a call option sweep that happens to be bullish, expiring in 9 day(s) on September 15, 2023. This event was a transfer of 136 contract(s) at a $77.50 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 $31.2K, with a price of $230.0 per contract. There were 3408 open contracts at this strike prior to today, and today 522 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.