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 will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated 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 |
|---|---|---|---|---|---|---|---|---|
| AAPL | PUT | SWEEP | BULLISH | 10/21/22 | $145.00 | $49.6K | 52.1K | 54.2K |
| ORCL | CALL | SWEEP | BULLISH | 10/21/22 | $68.00 | $28.8K | 5.6K | 4.1K |
| CSCO | PUT | SWEEP | BEARISH | 12/16/22 | $42.50 | $63.0K | 5.1K | 840 |
| MU | CALL | SWEEP | BEARISH | 01/20/23 | $67.50 | $62.1K | 4.3K | 505 |
| ON | CALL | SWEEP | BEARISH | 11/18/22 | $60.00 | $41.0K | 1.3K | 404 |
| CRWD | PUT | TRADE | BEARISH | 01/20/23 | $105.00 | $134.0K | 523 | 400 |
| NVDA | PUT | TRADE | BEARISH | 10/21/22 | $540.00 | $41.6K | 0 | 378 |
| SQ | PUT | TRADE | BULLISH | 11/11/22 | $55.00 | $62.1K | 486 | 288 |
| MSFT | CALL | SWEEP | BULLISH | 06/16/23 | $280.00 | $71.8K | 3.7K | 233 |
| LRCX | PUT | TRADE | BEARISH | 10/28/22 | $350.00 | $39.4K | 89 | 219 |
Explanation
These itemized elaborations have been created using the accompanying table.
• Regarding AAPL (NASDAQ:AAPL), we observe a put option sweep with bullish sentiment. It expires in 1 day(s) on October 21, 2022. Parties traded 299 contract(s) at a $145.00 strike. This particular put needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was $49.6K, with a price of $166.0 per contract. There were 52100 open contracts at this strike prior to today, and today 54264 contract(s) were bought and sold.
• For ORCL (NYSE:ORCL), we notice a call option sweep that happens to be bullish, expiring in 1 day(s) on October 21, 2022. This event was a transfer of 225 contract(s) at a $68.00 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $28.8K, with a price of $128.0 per contract. There were 5653 open contracts at this strike prior to today, and today 4199 contract(s) were bought and sold.
• Regarding CSCO (NASDAQ:CSCO), we observe a put option sweep with bearish sentiment. It expires in 57 day(s) on December 16, 2022. Parties traded 250 contract(s) at a $42.50 strike. This particular put needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was $63.0K, with a price of $252.0 per contract. There were 5143 open contracts at this strike prior to today, and today 840 contract(s) were bought and sold.
• Regarding MU (NASDAQ:MU), we observe a call option sweep with bearish sentiment. It expires in 92 day(s) on January 20, 2023. Parties traded 489 contract(s) at a $67.50 strike. This particular call needed to be split into 19 different trades to become filled. The total cost received by the writing party (or parties) was $62.1K, with a price of $127.0 per contract. There were 4345 open contracts at this strike prior to today, and today 505 contract(s) were bought and sold.
• For ON (NASDAQ:ON), we notice a call option sweep that happens to be bearish, expiring in 29 day(s) on November 18, 2022. This event was a transfer of 72 contract(s) at a $60.00 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 $41.0K, with a price of $570.0 per contract. There were 1361 open contracts at this strike prior to today, and today 404 contract(s) were bought and sold.
• For CRWD (NASDAQ:CRWD), we notice a put option trade that happens to be bearish, expiring in 92 day(s) on January 20, 2023. This event was a transfer of 400 contract(s) at a $105.00 strike. The total cost received by the writing party (or parties) was $134.0K, with a price of $335.0 per contract. There were 523 open contracts at this strike prior to today, and today 400 contract(s) were bought and sold.
• Regarding NVDA (NASDAQ:NVDA), we observe a put option trade with bearish sentiment. It expires in 1 day(s) on October 21, 2022. Parties traded 1 contract(s) at a $540.00 strike. The total cost received by the writing party (or parties) was $41.6K, with a price of $41635.0 per contract. There were 0 open contracts at this strike prior to today, and today 378 contract(s) were bought and sold.
• Regarding SQ (NYSE:SQ), we observe a put option trade with bullish sentiment. It expires in 22 day(s) on November 11, 2022. Parties traded 130 contract(s) at a $55.00 strike. The total cost received by the writing party (or parties) was $62.1K, with a price of $478.0 per contract. There were 486 open contracts at this strike prior to today, and today 288 contract(s) were bought and sold.
• For MSFT (NASDAQ:MSFT), we notice a call option sweep that happens to be bullish, expiring in 239 day(s) on June 16, 2023. This event was a transfer of 65 contract(s) at a $280.00 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 $71.8K, with a price of $1105.0 per contract. There were 3714 open contracts at this strike prior to today, and today 233 contract(s) were bought and sold.
• Regarding LRCX (NASDAQ:LRCX), we observe a put option trade with bearish sentiment. It expires in 8 day(s) on October 28, 2022. Parties traded 37 contract(s) at a $350.00 strike. The total cost received by the writing party (or parties) was $39.4K, with a price of $1065.0 per contract. There were 89 open contracts at this strike prior to today, and today 219 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.
