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 | CALL | SWEEP | BEARISH | 03/05/21 | $123.00 | $51.2K | 15.2K | 59.5K |
| SNOW | PUT | TRADE | BEARISH | 03/05/21 | $242.50 | $62.5K | 117 | 6.3K |
| SQ | CALL | TRADE | BEARISH | 03/26/21 | $250.00 | $182.8K | 307 | 3.5K |
| INTC | CALL | SWEEP | BEARISH | 03/19/21 | $60.00 | $108.0K | 21.9K | 2.8K |
| MU | PUT | SWEEP | BEARISH | 04/16/21 | $72.50 | $39.4K | 7.4K | 2.3K |
| TSM | CALL | TRADE | BULLISH | 04/16/21 | $125.00 | $237.0K | 4.5K | 1.9K |
| MSFT | CALL | SWEEP | BEARISH | 03/19/21 | $245.00 | $33.2K | 28.7K | 1.6K |
| IIVI | PUT | SWEEP | BEARISH | 03/19/21 | $75.00 | $99.8K | 139 | 1.2K |
| FUBO | CALL | SWEEP | BULLISH | 03/05/21 | $30.00 | $49.2K | 474 | 1.1K |
| PYPL | PUT | SWEEP | BULLISH | 03/05/21 | $240.00 | $81.8K | 685 | 808 |
Explanation
These itemized elaborations have been created using the accompanying table.
• For AAPL AAPL, we notice a call option sweep that happens to be bearish, expiring in 1 day(s) on March 5, 2021. This event was a transfer of 915 contract(s) at a $123.00 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 $51.2K, with a price of $56.0 per contract. There were 15290 open contracts at this strike prior to today, and today 59530 contract(s) were bought and sold.
• For SNOW SNOW, we notice a put option trade that happens to be bearish, expiring in 1 day(s) on March 5, 2021. This event was a transfer of 379 contract(s) at a $242.50 strike. The total cost received by the writing party (or parties) was $62.5K, with a price of $165.0 per contract. There were 117 open contracts at this strike prior to today, and today 6329 contract(s) were bought and sold.
• Regarding SQ SQ, we observe a call option trade with bearish sentiment. It expires in 22 day(s) on March 26, 2021. Parties traded 389 contract(s) at a $250.00 strike. The total cost received by the writing party (or parties) was $182.8K, with a price of $470.0 per contract. There were 307 open contracts at this strike prior to today, and today 3578 contract(s) were bought and sold.
• For INTC INTC, we notice a call option sweep that happens to be bearish, expiring in 15 day(s) on March 19, 2021. This event was a transfer of 750 contract(s) at a $60.00 strike. This particular call needed to be split into 21 different trades to become filled. The total cost received by the writing party (or parties) was $108.0K, with a price of $144.0 per contract. There were 21908 open contracts at this strike prior to today, and today 2887 contract(s) were bought and sold.
• Regarding MU MU, we observe a put option sweep with bearish sentiment. It expires in 43 day(s) on April 16, 2021. Parties traded 247 contract(s) at a $72.50 strike. This particular put needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $39.4K, with a price of $160.0 per contract. There were 7401 open contracts at this strike prior to today, and today 2326 contract(s) were bought and sold.
• Regarding TSM TSM, we observe a call option trade with bullish sentiment. It expires in 43 day(s) on April 16, 2021. Parties traded 600 contract(s) at a $125.00 strike. The total cost received by the writing party (or parties) was $237.0K, with a price of $395.0 per contract. There were 4582 open contracts at this strike prior to today, and today 1941 contract(s) were bought and sold.
• For MSFT MSFT, we notice a call option sweep that happens to be bearish, expiring in 15 day(s) on March 19, 2021. This event was a transfer of 432 contract(s) at a $245.00 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 $33.2K, with a price of $77.0 per contract. There were 28710 open contracts at this strike prior to today, and today 1681 contract(s) were bought and sold.
• For IIVI IIVI, we notice a put option sweep that happens to be bearish, expiring in 15 day(s) on March 19, 2021. This event was a transfer of 380 contract(s) at a $75.00 strike. This particular put needed to be split into 11 different trades to become filled. The total cost received by the writing party (or parties) was $99.8K, with a price of $261.0 per contract. There were 139 open contracts at this strike prior to today, and today 1215 contract(s) were bought and sold.
• For FUBO FUBO, we notice a call option sweep that happens to be bullish, expiring in 1 day(s) on March 5, 2021. This event was a transfer of 300 contract(s) at a $30.00 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 $49.2K, with a price of $164.0 per contract. There were 474 open contracts at this strike prior to today, and today 1142 contract(s) were bought and sold.
• Regarding PYPL PYPL, we observe a put option sweep with bullish sentiment. It expires in 1 day(s) on March 5, 2021. Parties traded 331 contract(s) at a $240.00 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 $81.8K, with a price of $250.0 per contract. There were 685 open contracts at this strike prior to today, and today 808 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 about unusual options activity.
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Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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