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 |
|---|---|---|---|---|---|---|---|---|
| MSFT | CALL | SWEEP | BULLISH | 11/18/22 | $250.00 | $30.2K | 12.3K | 7.1K |
| NVDA | CALL | SWEEP | BULLISH | 11/18/22 | $165.00 | $56.4K | 8.5K | 5.6K |
| AMD | CALL | TRADE | NEUTRAL | 11/11/22 | $67.00 | $104.0K | 10.6K | 3.7K |
| CSCO | CALL | SWEEP | NEUTRAL | 01/20/23 | $45.00 | $89.2K | 33.0K | 2.9K |
| ERIC | PUT | TRADE | BEARISH | 04/21/23 | $7.00 | $81.4K | 1.4K | 2.1K |
| PYPL | CALL | SWEEP | BEARISH | 11/18/22 | $95.00 | $32.0K | 21.5K | 2.0K |
| SQ | CALL | TRADE | BEARISH | 03/17/23 | $77.50 | $96.3K | 380 | 1.9K |
| CFLT | CALL | TRADE | BULLISH | 11/18/22 | $25.00 | $36.0K | 2.8K | 895 |
| MU | CALL | SWEEP | BEARISH | 11/18/22 | $62.50 | $26.7K | 8.0K | 777 |
| ORCL | CALL | TRADE | BEARISH | 11/18/22 | $77.00 | $26.8K | 1.4K | 748 |
Explanation
These itemized elaborations have been created using the accompanying table.
• Regarding MSFT (NASDAQ:MSFT), we observe a call option sweep with bullish sentiment. It expires in 7 day(s) on November 18, 2022. Parties traded 121 contract(s) at a $250.00 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 $30.2K, with a price of $250.0 per contract. There were 12300 open contracts at this strike prior to today, and today 7134 contract(s) were bought and sold.
• For NVDA (NASDAQ:NVDA), we notice a call option sweep that happens to be bullish, expiring in 7 day(s) on November 18, 2022. This event was a transfer of 120 contract(s) at a $165.00 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 $56.4K, with a price of $470.0 per contract. There were 8574 open contracts at this strike prior to today, and today 5656 contract(s) were bought and sold.
• For AMD (NASDAQ:AMD), we notice a call option trade that happens to be neutral, is expiring today. Parties traded 200 contract(s) at a $67.00 strike. The total cost received by the writing party (or parties) was $104.0K, with a price of $520.0 per contract. There were 10668 open contracts at this strike prior to today, and today 3742 contract(s) were bought and sold.
• Regarding CSCO (NASDAQ:CSCO), we observe a call option sweep with neutral sentiment. It expires in 70 day(s) on January 20, 2023. Parties traded 442 contract(s) at a $45.00 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 $89.2K, with a price of $202.0 per contract. There were 33034 open contracts at this strike prior to today, and today 2979 contract(s) were bought and sold.
• Regarding ERIC (NASDAQ:ERIC), we observe a put option trade with bearish sentiment. It expires in 161 day(s) on April 21, 2023. Parties traded 740 contract(s) at a $7.00 strike. The total cost received by the writing party (or parties) was $81.4K, with a price of $110.0 per contract. There were 1437 open contracts at this strike prior to today, and today 2157 contract(s) were bought and sold.
• Regarding PYPL (NASDAQ:PYPL), we observe a call option sweep with bearish sentiment. It expires in 7 day(s) on November 18, 2022. Parties traded 479 contract(s) at a $95.00 strike. This particular call needed to be split into 15 different trades to become filled. The total cost received by the writing party (or parties) was $32.0K, with a price of $67.0 per contract. There were 21578 open contracts at this strike prior to today, and today 2009 contract(s) were bought and sold.
• For SQ (NYSE:SQ), we notice a call option trade that happens to be bearish, expiring in 126 day(s) on March 17, 2023. This event was a transfer of 102 contract(s) at a $77.50 strike. The total cost received by the writing party (or parties) was $96.3K, with a price of $945.0 per contract. There were 380 open contracts at this strike prior to today, and today 1992 contract(s) were bought and sold.
• Regarding CFLT (NASDAQ:CFLT), we observe a call option trade with bullish sentiment. It expires in 7 day(s) on November 18, 2022. Parties traded 400 contract(s) at a $25.00 strike. The total cost received by the writing party (or parties) was $36.0K, with a price of $90.0 per contract. There were 2801 open contracts at this strike prior to today, and today 895 contract(s) were bought and sold.
• Regarding MU (NASDAQ:MU), we observe a call option sweep with bearish sentiment. It expires in 7 day(s) on November 18, 2022. Parties traded 338 contract(s) at a $62.50 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 $26.7K, with a price of $79.0 per contract. There were 8008 open contracts at this strike prior to today, and today 777 contract(s) were bought and sold.
• For ORCL (NYSE:ORCL), we notice a call option trade that happens to be bearish, expiring in 7 day(s) on November 18, 2022. This event was a transfer of 192 contract(s) at a $77.00 strike. The total cost received by the writing party (or parties) was $26.8K, with a price of $140.0 per contract. There were 1448 open contracts at this strike prior to today, and today 748 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.
