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 |
|---|---|---|---|---|---|---|---|---|
| MSFT | CALL | TRADE | BULLISH | 11/18/22 | $250.00 | $34.8K | 8.0K | 3.0K |
| INTC | CALL | TRADE | BEARISH | 03/17/23 | $30.00 | $38.3K | 10.0K | 2.7K |
| AAPL | PUT | SWEEP | BULLISH | 01/20/23 | $135.00 | $34.0K | 33.2K | 2.2K |
| INTU | CALL | SWEEP | BEARISH | 11/18/22 | $495.00 | $35.2K | 11 | 755 |
| QCOM | PUT | TRADE | BEARISH | 01/20/23 | $120.00 | $424.0K | 14.4K | 684 |
| PYPL | CALL | SWEEP | BULLISH | 11/04/22 | $87.00 | $51.5K | 356 | 558 |
| MSTR | CALL | SWEEP | BULLISH | 11/04/22 | $290.00 | $52.2K | 22 | 471 |
| FSLR | PUT | TRADE | BEARISH | 01/17/25 | $130.00 | $602.0K | 0 | 438 |
| IBM | PUT | SWEEP | BULLISH | 03/17/23 | $115.00 | $72.8K | 1.0K | 336 |
| EXLS | CALL | TRADE | BEARISH | 11/18/22 | $125.00 | $53.9K | 421 | 318 |
Explanation
These bullet-by-bullet explanations have been constructed using the accompanying table.
• Regarding MSFT (NASDAQ:MSFT), we observe a call option trade with bullish sentiment. It expires in 21 day(s) on November 18, 2022. Parties traded 200 contract(s) at a $250.00 strike. The total cost received by the writing party (or parties) was $34.8K, with a price of $174.0 per contract. There were 8080 open contracts at this strike prior to today, and today 3006 contract(s) were bought and sold.
• Regarding INTC (NASDAQ:INTC), we observe a call option trade with bearish sentiment. It expires in 140 day(s) on March 17, 2023. Parties traded 179 contract(s) at a $30.00 strike. The total cost received by the writing party (or parties) was $38.3K, with a price of $214.0 per contract. There were 10072 open contracts at this strike prior to today, and today 2768 contract(s) were bought and sold.
• For AAPL (NASDAQ:AAPL), we notice a put option sweep that happens to be bullish, expiring in 84 day(s) on January 20, 2023. This event was a transfer of 132 contract(s) at a $135.00 strike. This particular put needed to be split into 18 different trades to become filled. The total cost received by the writing party (or parties) was $34.0K, with a price of $258.0 per contract. There were 33209 open contracts at this strike prior to today, and today 2280 contract(s) were bought and sold.
• Regarding INTU (NASDAQ:INTU), we observe a call option sweep with bearish sentiment. It expires in 21 day(s) on November 18, 2022. Parties traded 251 contract(s) at a $495.00 strike. This particular call needed to be split into 28 different trades to become filled. The total cost received by the writing party (or parties) was $35.2K, with a price of $140.0 per contract. There were 11 open contracts at this strike prior to today, and today 755 contract(s) were bought and sold.
• Regarding QCOM (NASDAQ:QCOM), we observe a put option trade with bearish sentiment. It expires in 84 day(s) on January 20, 2023. Parties traded 400 contract(s) at a $120.00 strike. The total cost received by the writing party (or parties) was $424.0K, with a price of $1060.0 per contract. There were 14449 open contracts at this strike prior to today, and today 684 contract(s) were bought and sold.
• For PYPL (NASDAQ:PYPL), we notice a call option sweep that happens to be bullish, expiring in 7 day(s) on November 4, 2022. This event was a transfer of 100 contract(s) at a $87.00 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 $51.5K, with a price of $515.0 per contract. There were 356 open contracts at this strike prior to today, and today 558 contract(s) were bought and sold.
• For MSTR (NASDAQ:MSTR), we notice a call option sweep that happens to be bullish, expiring in 7 day(s) on November 4, 2022. This event was a transfer of 55 contract(s) at a $290.00 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 $52.2K, with a price of $950.0 per contract. There were 22 open contracts at this strike prior to today, and today 471 contract(s) were bought and sold.
• For FSLR (NASDAQ:FSLR), we notice a put option trade that happens to be bearish, expiring in 812 day(s) on January 17, 2025. This event was a transfer of 215 contract(s) at a $130.00 strike. The total cost received by the writing party (or parties) was $602.0K, with a price of $2800.0 per contract. There were 0 open contracts at this strike prior to today, and today 438 contract(s) were bought and sold.
• For IBM (NYSE:IBM), we notice a put option sweep that happens to be bullish, expiring in 140 day(s) on March 17, 2023. This event was a transfer of 321 contract(s) at a $115.00 strike. This particular put needed to be split into 31 different trades to become filled. The total cost received by the writing party (or parties) was $72.8K, with a price of $227.0 per contract. There were 1010 open contracts at this strike prior to today, and today 336 contract(s) were bought and sold.
• For EXLS (NASDAQ:EXLS), we notice a call option trade that happens to be bearish, expiring in 21 day(s) on November 18, 2022. This event was a transfer of 11 contract(s) at a $125.00 strike. The total cost received by the writing party (or parties) was $53.9K, with a price of $4900.0 per contract. There were 421 open contracts at this strike prior to today, and today 318 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.
