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 |
|---|---|---|---|---|---|---|---|---|
| NVDA | CALL | SWEEP | BEARISH | 12/13/24 | $150.00 | $44.0K | 50.9K | 78.2K |
| MSTR | CALL | TRADE | BULLISH | 12/20/24 | $350.00 | $645.9K | 10.4K | 9.0K |
| PLTR | CALL | TRADE | BULLISH | 01/17/25 | $75.00 | $36.3K | 28.4K | 7.2K |
| SMCI | CALL | SWEEP | BEARISH | 12/13/24 | $46.00 | $57.9K | 8.7K | 6.7K |
| AAPL | CALL | SWEEP | BULLISH | 12/20/24 | $242.50 | $38.9K | 6.7K | 2.3K |
| TWLO | CALL | SWEEP | BEARISH | 12/06/24 | $110.00 | $48.8K | 1.8K | 1.6K |
| ZS | CALL | SWEEP | BULLISH | 12/20/24 | $230.00 | $29.2K | 890 | 1.4K |
| SOUN | CALL | SWEEP | BEARISH | 01/16/26 | $10.00 | $107.1K | 11.9K | 1.3K |
| LRCX | PUT | TRADE | BEARISH | 08/15/25 | $80.00 | $1.3 million | 194 | 1.1K |
| ASAN | CALL | TRADE | NEUTRAL | 02/21/25 | $12.50 | $86.7K | 1.6K | 1.1K |
Explanation
These bullet-by-bullet explanations have been constructed using the accompanying table.
• Regarding NVDA (NASDAQ:NVDA), we observe a call option sweep with bearish sentiment. It expires in 7 day(s) on December 13, 2024. Parties traded 1000 contract(s) at a $150.00 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 $44.0K, with a price of $44.0 per contract. There were 50995 open contracts at this strike prior to today, and today 78277 contract(s) were bought and sold.
• For MSTR (NASDAQ:MSTR), we notice a call option trade that happens to be bullish, expiring in 14 day(s) on December 20, 2024. This event was a transfer of 100 contract(s) at a $350.00 strike. The total cost received by the writing party (or parties) was $645.9K, with a price of $6460.0 per contract. There were 10446 open contracts at this strike prior to today, and today 9094 contract(s) were bought and sold.
• For PLTR (NASDAQ:PLTR), we notice a call option trade that happens to be bullish, expiring in 42 day(s) on January 17, 2025. This event was a transfer of 53 contract(s) at a $75.00 strike. The total cost received by the writing party (or parties) was $36.3K, with a price of $685.0 per contract. There were 28486 open contracts at this strike prior to today, and today 7216 contract(s) were bought and sold.
• For SMCI (NASDAQ:SMCI), we notice a call option sweep that happens to be bearish, expiring in 7 day(s) on December 13, 2024. This event was a transfer of 300 contract(s) at a $46.00 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 $57.9K, with a price of $193.0 per contract. There were 8704 open contracts at this strike prior to today, and today 6759 contract(s) were bought and sold.
• For AAPL (NASDAQ:AAPL), we notice a call option sweep that happens to be bullish, expiring in 14 day(s) on December 20, 2024. This event was a transfer of 100 contract(s) at a $242.50 strike. This particular call needed to be split into 12 different trades to become filled. The total cost received by the writing party (or parties) was $38.9K, with a price of $389.0 per contract. There were 6761 open contracts at this strike prior to today, and today 2335 contract(s) were bought and sold.
• For TWLO (NYSE:TWLO), we notice a call option sweep that happens to be bearish, is expiring today. Parties traded 192 contract(s) at a $110.00 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 $48.8K, with a price of $258.0 per contract. There were 1809 open contracts at this strike prior to today, and today 1623 contract(s) were bought and sold.
• Regarding ZS (NASDAQ:ZS), we observe a call option sweep with bullish sentiment. It expires in 14 day(s) on December 20, 2024. Parties traded 207 contract(s) at a $230.00 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 $29.2K, with a price of $141.0 per contract. There were 890 open contracts at this strike prior to today, and today 1420 contract(s) were bought and sold.
• Regarding SOUN (NASDAQ:SOUN), we observe a call option sweep with bearish sentiment. It expires in 406 day(s) on January 16, 2026. Parties traded 155 contract(s) at a $10.00 strike. This particular call needed to be split into 24 different trades to become filled. The total cost received by the writing party (or parties) was $107.1K, with a price of $690.0 per contract. There were 11988 open contracts at this strike prior to today, and today 1324 contract(s) were bought and sold.
• Regarding LRCX (NASDAQ:LRCX), we observe a put option trade with bearish sentiment. It expires in 252 day(s) on August 15, 2025. Parties traded 1150 contract(s) at a $80.00 strike. The total cost received by the writing party (or parties) was $1.3 million, with a price of $1150.0 per contract. There were 194 open contracts at this strike prior to today, and today 1186 contract(s) were bought and sold.
• For ASAN (NYSE:ASAN), we notice a call option trade that happens to be neutral, expiring in 77 day(s) on February 21, 2025. This event was a transfer of 89 contract(s) at a $12.50 strike. The total cost received by the writing party (or parties) was $86.7K, with a price of $975.0 per contract. There were 1698 open contracts at this strike prior to today, and today 1126 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.
