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.
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Below are some instances of options activity happening in the Information Technology sector:
SymbolPUT/CALLTrade TypeSentimentExp. DateStrike PriceTotal Trade PriceOpen InterestVolumeNVDACALLSWEEPBULLISH05/26/23$400.00$34.1K8.7K56.3KAMDCALLSWEEPBEARISH06/16/23$125.00$41.0K48.6K46.5KMARACALLSWEEPBULLISH05/26/23$9.00$32.8K3.7K7.0KMSFTCALLSWEEPBEARISH06/02/23$330.00$25.6K2.1K5.1KAAPLCALLSWEEPBEARISH06/09/23$175.00$38.0K14.3K4.4KIBMCALLSWEEPBULLISH05/26/23$127.00$25.2K2.3K3.3KCRMCALLTRADEBULLISH07/21/23$220.00$845.3K3.8K1.6KTSMPUTTRADEBULLISH10/20/23$85.00$29.3K3.1K1.3KAKAMPUTTRADENEUTRAL01/19/24$82.50$650.0K1771.2KMRVLCALLSWEEPBEARISH06/16/23$55.00$25.3K4.6K1.0K
Explanation
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These bullet-by-bullet explanations have been constructed using the accompanying table.
• Regarding NVDA (NASDAQ:NVDA), we observe a call option sweep with bullish sentiment. It expires in 1 day(s) on May 26, 2023. Parties traded 150 contract(s) at a $400.00 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 $34.1K, with a price of $228.0 per contract. There were 8764 open contracts at this strike prior to today, and today 56338 contract(s) were bought and sold.
• For AMD (NASDAQ:AMD), we notice a call option sweep that happens to be bearish, expiring in 22 day(s) on June 16, 2023. This event was a transfer of 100 contract(s) at a $125.00 strike. This particular call needed to be split into 8 different trades to become filled. The total cost received by the writing party (or parties) was $41.0K, with a price of $410.0 per contract. There were 48679 open contracts at this strike prior to today, and today 46543 contract(s) were bought and sold.
• Regarding MARA (NASDAQ:MARA), we observe a call option sweep with bullish sentiment. It expires in 1 day(s) on May 26, 2023. Parties traded 1313 contract(s) at a $9.00 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 $32.8K, with a price of $25.0 per contract. There were 3752 open contracts at this strike prior to today, and today 7059 contract(s) were bought and sold.
• For MSFT (NASDAQ:MSFT), we notice a call option sweep that happens to be bearish, expiring in 8 day(s) on June 2, 2023. This event was a transfer of 104 contract(s) at a $330.00 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 $25.6K, with a price of $247.0 per contract. There were 2189 open contracts at this strike prior to today, and today 5152 contract(s) were bought and sold.
• Regarding AAPL (NASDAQ:AAPL), we observe a call option sweep with bearish sentiment. It expires in 15 day(s) on June 9, 2023. Parties traded 156 contract(s) at a $175.00 strike. This particular call needed to be split into 13 different trades to become filled. The total cost received by the writing party (or parties) was $38.0K, with a price of $244.0 per contract. There were 14340 open contracts at this strike prior to today, and today 4433 contract(s) were bought and sold.
• For IBM (NYSE:IBM), we notice a call option sweep that happens to be bullish, expiring in 1 day(s) on May 26, 2023. This event was a transfer of 899 contract(s) at a $127.00 strike. This particular call needed to be split into 14 different trades to become filled. The total cost received by the writing party (or parties) was $25.2K, with a price of $28.0 per contract. There were 2378 open contracts at this strike prior to today, and today 3357 contract(s) were bought and sold.
• Regarding CRM (NYSE:CRM), we observe a call option trade with bullish sentiment. It expires in 57 day(s) on July 21, 2023. Parties traded 1070 contract(s) at a $220.00 strike. The total cost received by the writing party (or parties) was $845.3K, with a price of $790.0 per contract. There were 3837 open contracts at this strike prior to today, and today 1660 contract(s) were bought and sold.
• Regarding TSM (NYSE:TSM), we observe a put option trade with bullish sentiment. It expires in 148 day(s) on October 20, 2023. Parties traded 98 contract(s) at a $85.00 strike. The total cost received by the writing party (or parties) was $29.3K, with a price of $299.0 per contract. There were 3110 open contracts at this strike prior to today, and today 1363 contract(s) were bought and sold.
• For AKAM (NASDAQ:AKAM), we notice a put option trade that happens to be neutral, expiring in 239 day(s) on January 19, 2024. This event was a transfer of 1250 contract(s) at a $82.50 strike. The total cost received by the writing party (or parties) was $650.0K, with a price of $520.0 per contract. There were 177 open contracts at this strike prior to today, and today 1250 contract(s) were bought and sold.
• Regarding MRVL (NASDAQ:MRVL), we observe a call option sweep with bearish sentiment. It expires in 22 day(s) on June 16, 2023. Parties traded 415 contract(s) at a $55.00 strike. This particular call needed to be split into 40 different trades to become filled. The total cost received by the writing party (or parties) was $25.3K, with a price of $61.0 per contract. There were 4636 open contracts at this strike prior to today, and today 1078 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.
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