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 |
|---|---|---|---|---|---|---|---|---|
| AMD | CALL | SWEEP | BEARISH | 11/18/22 | $75.00 | $32.0K | 19.0K | 63.1K |
| NVDA | CALL | TRADE | BEARISH | 11/18/22 | $165.00 | $64.2K | 9.3K | 12.7K |
| MSFT | CALL | SWEEP | BULLISH | 11/18/22 | $242.50 | $73.7K | 3.3K | 7.0K |
| AAPL | CALL | SWEEP | BEARISH | 12/16/22 | $160.00 | $35.0K | 81.1K | 5.1K |
| ORCL | PUT | SWEEP | BEARISH | 12/16/22 | $70.00 | $40.8K | 3.6K | 2.0K |
| BILL | PUT | TRADE | BEARISH | 12/16/22 | $85.00 | $190.8K | 1.7K | 1.7K |
| MMAT | CALL | SWEEP | BULLISH | 12/16/22 | $1.00 | $27.1K | 1.5K | 1.5K |
| ENPH | CALL | TRADE | BULLISH | 11/18/22 | $310.00 | $28.7K | 1.4K | 849 |
| TXN | PUT | TRADE | BEARISH | 12/16/22 | $160.00 | $32.1K | 1.8K | 762 |
| AMAT | PUT | SWEEP | BEARISH | 01/20/23 | $105.00 | $70.2K | 4.2K | 745 |
Explanation
These itemized elaborations have been created using the accompanying table.
• Regarding AMD (NASDAQ:AMD), we observe a call option sweep with bearish sentiment. It expires in 4 day(s) on November 18, 2022. Parties traded 155 contract(s) at a $75.00 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 $32.0K, with a price of $207.0 per contract. There were 19048 open contracts at this strike prior to today, and today 63171 contract(s) were bought and sold.
• For NVDA (NASDAQ:NVDA), we notice a call option trade that happens to be bearish, expiring in 4 day(s) on November 18, 2022. This event was a transfer of 100 contract(s) at a $165.00 strike. The total cost received by the writing party (or parties) was $64.2K, with a price of $642.0 per contract. There were 9312 open contracts at this strike prior to today, and today 12708 contract(s) were bought and sold.
• For MSFT (NASDAQ:MSFT), we notice a call option sweep that happens to be bullish, expiring in 4 day(s) on November 18, 2022. This event was a transfer of 200 contract(s) at a $242.50 strike. This particular call needed to be split into 11 different trades to become filled. The total cost received by the writing party (or parties) was $73.7K, with a price of $367.0 per contract. There were 3346 open contracts at this strike prior to today, and today 7040 contract(s) were bought and sold.
• Regarding AAPL (NASDAQ:AAPL), we observe a call option sweep with bearish sentiment. It expires in 32 day(s) on December 16, 2022. Parties traded 200 contract(s) at a $160.00 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 $35.0K, with a price of $175.0 per contract. There were 81148 open contracts at this strike prior to today, and today 5195 contract(s) were bought and sold.
• For ORCL (NYSE:ORCL), we notice a put option sweep that happens to be bearish, expiring in 32 day(s) on December 16, 2022. This event was a transfer of 498 contract(s) at a $70.00 strike. This particular put needed to be split into 15 different trades to become filled. The total cost received by the writing party (or parties) was $40.8K, with a price of $82.0 per contract. There were 3627 open contracts at this strike prior to today, and today 2030 contract(s) were bought and sold.
• Regarding BILL (NYSE:BILL), we observe a put option trade with bearish sentiment. It expires in 32 day(s) on December 16, 2022. Parties traded 1468 contract(s) at a $85.00 strike. The total cost received by the writing party (or parties) was $190.8K, with a price of $130.0 per contract. There were 1743 open contracts at this strike prior to today, and today 1718 contract(s) were bought and sold.
• Regarding MMAT (NASDAQ:MMAT), we observe a call option sweep with bullish sentiment. It expires in 32 day(s) on December 16, 2022. Parties traded 400 contract(s) at a $1.00 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 $27.1K, with a price of $67.0 per contract. There were 1578 open contracts at this strike prior to today, and today 1505 contract(s) were bought and sold.
• For ENPH (NASDAQ:ENPH), we notice a call option trade that happens to be bullish, expiring in 4 day(s) on November 18, 2022. This event was a transfer of 35 contract(s) at a $310.00 strike. The total cost received by the writing party (or parties) was $28.7K, with a price of $820.0 per contract. There were 1410 open contracts at this strike prior to today, and today 849 contract(s) were bought and sold.
• For TXN (NASDAQ:TXN), we notice a put option trade that happens to be bearish, expiring in 32 day(s) on December 16, 2022. This event was a transfer of 270 contract(s) at a $160.00 strike. The total cost received by the writing party (or parties) was $32.1K, with a price of $119.0 per contract. There were 1851 open contracts at this strike prior to today, and today 762 contract(s) were bought and sold.
• Regarding AMAT (NASDAQ:AMAT), we observe a put option sweep with bearish sentiment. It expires in 67 day(s) on January 20, 2023. Parties traded 108 contract(s) at a $105.00 strike. This particular put needed to be split into 14 different trades to become filled. The total cost received by the writing party (or parties) was $70.2K, with a price of $650.0 per contract. There were 4264 open contracts at this strike prior to today, and today 745 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.
