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 | BEARISH | 10/21/22 | $145.00 | $35.9K | 50.1K | 37.0K |
| AMD | CALL | SWEEP | BULLISH | 10/28/22 | $60.00 | $33.3K | 3.9K | 4.8K |
| MU | PUT | TRADE | BULLISH | 10/21/22 | $50.00 | $27.0K | 10.0K | 3.2K |
| ADI | PUT | TRADE | BULLISH | 11/18/22 | $125.00 | $462.5K | 404 | 2.7K |
| IBM | PUT | TRADE | BEARISH | 11/18/22 | $130.00 | $133.2K | 3.6K | 1.8K |
| MSFT | CALL | SWEEP | BEARISH | 11/18/22 | $240.00 | $45.9K | 4.1K | 647 |
| PANW | PUT | SWEEP | NEUTRAL | 01/20/23 | $166.67 | $533.2K | 7.7K | 471 |
| LRCX | PUT | TRADE | BEARISH | 11/18/22 | $300.00 | $52.0K | 289 | 357 |
| NTNX | CALL | SWEEP | BULLISH | 01/19/24 | $30.00 | $124.6K | 16.7K | 327 |
| SNOW | PUT | TRADE | NEUTRAL | 11/18/22 | $175.00 | $31.3K | 554 | 290 |
Explanation
These bullet-by-bullet explanations have been constructed using the accompanying table.
• Regarding AAPL (NASDAQ:AAPL), we observe a put option sweep with bearish sentiment. It expires in 3 day(s) on October 21, 2022. Parties traded 179 contract(s) at a $145.00 strike. This particular put needed to be split into 10 different trades to become filled. The total cost received by the writing party (or parties) was $35.9K, with a price of $200.0 per contract. There were 50164 open contracts at this strike prior to today, and today 37067 contract(s) were bought and sold.
• Regarding AMD (NASDAQ:AMD), we observe a call option sweep with bullish sentiment. It expires in 10 day(s) on October 28, 2022. Parties traded 240 contract(s) at a $60.00 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 $33.3K, with a price of $139.0 per contract. There were 3910 open contracts at this strike prior to today, and today 4896 contract(s) were bought and sold.
• For MU (NASDAQ:MU), we notice a put option trade that happens to be bullish, expiring in 3 day(s) on October 21, 2022. This event was a transfer of 1000 contract(s) at a $50.00 strike. The total cost received by the writing party (or parties) was $27.0K, with a price of $27.0 per contract. There were 10016 open contracts at this strike prior to today, and today 3298 contract(s) were bought and sold.
• For ADI (NASDAQ:ADI), we notice a put option trade that happens to be bullish, expiring in 31 day(s) on November 18, 2022. This event was a transfer of 2500 contract(s) at a $125.00 strike. The total cost received by the writing party (or parties) was $462.5K, with a price of $185.0 per contract. There were 404 open contracts at this strike prior to today, and today 2716 contract(s) were bought and sold.
• Regarding IBM (NYSE:IBM), we observe a put option trade with bearish sentiment. It expires in 31 day(s) on November 18, 2022. Parties traded 130 contract(s) at a $130.00 strike. The total cost received by the writing party (or parties) was $133.2K, with a price of $1025.0 per contract. There were 3666 open contracts at this strike prior to today, and today 1863 contract(s) were bought and sold.
• For MSFT (NASDAQ:MSFT), we notice a call option sweep that happens to be bearish, expiring in 31 day(s) on November 18, 2022. This event was a transfer of 44 contract(s) at a $240.00 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 $45.9K, with a price of $1045.0 per contract. There were 4153 open contracts at this strike prior to today, and today 647 contract(s) were bought and sold.
• Regarding PANW (NASDAQ:PANW), we observe a put option sweep with neutral sentiment. It expires in 94 day(s) on January 20, 2023. Parties traded 344 contract(s) at a $166.67 strike. This particular put needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $533.2K, with a price of $1550.0 per contract. There were 7720 open contracts at this strike prior to today, and today 471 contract(s) were bought and sold.
• Regarding LRCX (NASDAQ:LRCX), we observe a put option trade with bearish sentiment. It expires in 31 day(s) on November 18, 2022. Parties traded 40 contract(s) at a $300.00 strike. The total cost received by the writing party (or parties) was $52.0K, with a price of $1300.0 per contract. There were 289 open contracts at this strike prior to today, and today 357 contract(s) were bought and sold.
• Regarding NTNX (NASDAQ:NTNX), we observe a call option sweep with bullish sentiment. It expires in 458 day(s) on January 19, 2024. Parties traded 304 contract(s) at a $30.00 strike. This particular call needed to be split into 18 different trades to become filled. The total cost received by the writing party (or parties) was $124.6K, with a price of $410.0 per contract. There were 16727 open contracts at this strike prior to today, and today 327 contract(s) were bought and sold.
• For SNOW (NYSE:SNOW), we notice a put option trade that happens to be neutral, expiring in 31 day(s) on November 18, 2022. This event was a transfer of 20 contract(s) at a $175.00 strike. The total cost received by the writing party (or parties) was $31.3K, with a price of $1566.0 per contract. There were 554 open contracts at this strike prior to today, and today 290 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.
