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 | CALL | TRADE | BEARISH | 07/08/22 | $155.00 | $26.1K | 1.1K | 3.5K |
| AKAM | CALL | TRADE | BULLISH | 01/20/23 | $95.00 | $31.8K | 839 | 2.3K |
| MSFT | CALL | SWEEP | BULLISH | 07/15/22 | $260.00 | $306.8K | 11.5K | 2.3K |
| AVYA | CALL | TRADE | BULLISH | 08/19/22 | $2.50 | $90.0K | 22 | 2.2K |
| NCR | CALL | TRADE | BEARISH | 08/19/22 | $35.00 | $252.0K | 44.1K | 1.0K |
| PYPL | PUT | SWEEP | BULLISH | 07/08/22 | $70.00 | $40.3K | 1.0K | 793 |
| AAPL | CALL | SWEEP | NEUTRAL | 01/20/23 | $160.00 | $25.3K | 30.1K | 669 |
| CRM | PUT | TRADE | BULLISH | 07/08/22 | $165.00 | $33.5K | 422 | 311 |
| CSIQ | PUT | TRADE | BULLISH | 07/01/22 | $32.00 | $25.0K | 140 | 250 |
| MU | CALL | SWEEP | BULLISH | 01/19/24 | $70.00 | $107.9K | 2.4K | 244 |
Explanation
These bullet-by-bullet explanations have been constructed using the accompanying table.
• Regarding NVDA (NASDAQ:NVDA), we observe a call option trade with bearish sentiment. It expires in 8 day(s) on July 8, 2022. Parties traded 60 contract(s) at a $155.00 strike. The total cost received by the writing party (or parties) was $26.1K, with a price of $436.0 per contract. There were 1187 open contracts at this strike prior to today, and today 3546 contract(s) were bought and sold.
• Regarding AKAM (NASDAQ:AKAM), we observe a call option trade with bullish sentiment. It expires in 204 day(s) on January 20, 2023. Parties traded 37 contract(s) at a $95.00 strike. The total cost received by the writing party (or parties) was $31.8K, with a price of $860.0 per contract. There were 839 open contracts at this strike prior to today, and today 2395 contract(s) were bought and sold.
• For MSFT (NASDAQ:MSFT), we notice a call option sweep that happens to be bullish, expiring in 15 day(s) on July 15, 2022. This event was a transfer of 503 contract(s) at a $260.00 strike. This particular call needed to be split into 23 different trades to become filled. The total cost received by the writing party (or parties) was $306.8K, with a price of $610.0 per contract. There were 11590 open contracts at this strike prior to today, and today 2305 contract(s) were bought and sold.
• For AVYA (NYSE:AVYA), we notice a call option trade that happens to be bullish, expiring in 50 day(s) on August 19, 2022. This event was a transfer of 2000 contract(s) at a $2.50 strike. The total cost received by the writing party (or parties) was $90.0K, with a price of $45.0 per contract. There were 22 open contracts at this strike prior to today, and today 2225 contract(s) were bought and sold.
• For NCR (NYSE:NCR), we notice a call option trade that happens to be bearish, expiring in 50 day(s) on August 19, 2022. This event was a transfer of 900 contract(s) at a $35.00 strike. The total cost received by the writing party (or parties) was $252.0K, with a price of $280.0 per contract. There were 44162 open contracts at this strike prior to today, and today 1091 contract(s) were bought and sold.
• For PYPL (NASDAQ:PYPL), we notice a put option sweep that happens to be bullish, expiring in 8 day(s) on July 8, 2022. This event was a transfer of 176 contract(s) at a $70.00 strike. This particular put needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $40.3K, with a price of $229.0 per contract. There were 1060 open contracts at this strike prior to today, and today 793 contract(s) were bought and sold.
• Regarding AAPL (NASDAQ:AAPL), we observe a call option sweep with neutral sentiment. It expires in 204 day(s) on January 20, 2023. Parties traded 42 contract(s) at a $160.00 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 $25.3K, with a price of $604.0 per contract. There were 30117 open contracts at this strike prior to today, and today 669 contract(s) were bought and sold.
• For CRM (NYSE:CRM), we notice a put option trade that happens to be bullish, expiring in 8 day(s) on July 8, 2022. This event was a transfer of 78 contract(s) at a $165.00 strike. The total cost received by the writing party (or parties) was $33.5K, with a price of $430.0 per contract. There were 422 open contracts at this strike prior to today, and today 311 contract(s) were bought and sold.
• Regarding CSIQ (NASDAQ:CSIQ), we observe a put option trade with bullish sentiment. It expires in 1 day(s) on July 1, 2022. Parties traded 250 contract(s) at a $32.00 strike. The total cost received by the writing party (or parties) was $25.0K, with a price of $100.0 per contract. There were 140 open contracts at this strike prior to today, and today 250 contract(s) were bought and sold.
• For MU (NASDAQ:MU), we notice a call option sweep that happens to be bullish, expiring in 568 day(s) on January 19, 2024. This event was a transfer of 127 contract(s) at a $70.00 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 $107.9K, with a price of $850.0 per contract. There were 2488 open contracts at this strike prior to today, and today 244 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.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
