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 |
|---|---|---|---|---|---|---|---|---|
| AMD | PUT | SWEEP | BULLISH | 05/17/24 | $165.00 | $33.9K | 6.5K | 93.8K |
| NVDA | CALL | SWEEP | BULLISH | 05/17/24 | $930.00 | $42.1K | 9.1K | 28.3K |
| TSM | CALL | SWEEP | BEARISH | 05/17/24 | $150.00 | $38.3K | 14.7K | 8.2K |
| SMCI | PUT | TRADE | BULLISH | 05/17/24 | $895.00 | $66.0K | 512 | 3.9K |
| MARA | CALL | TRADE | BULLISH | 06/21/24 | $20.00 | $29.6K | 22.5K | 2.2K |
| ZM | CALL | TRADE | BEARISH | 06/21/24 | $75.00 | $109.1K | 13.1K | 1.5K |
| AAPL | CALL | TRADE | BULLISH | 05/17/24 | $175.00 | $44.1K | 31.4K | 1.4K |
| CRM | CALL | TRADE | NEUTRAL | 06/21/24 | $330.00 | $57.2K | 2.2K | 853 |
| MDB | CALL | TRADE | BEARISH | 05/31/24 | $415.00 | $54.3K | 36 | 843 |
| MSTR | CALL | TRADE | BULLISH | 05/24/24 | $1600.00 | $49.0K | 645 | 626 |
Explanation
These bullet-by-bullet explanations have been constructed using the accompanying table.
• For AMD AMD, we notice a put option sweep that happens to be bullish, is expiring today. Parties traded 409 contract(s) at a $165.00 strike. This particular put needed to be split into 13 different trades to become filled. The total cost received by the writing party (or parties) was $33.9K, with a price of $83.0 per contract. There were 6597 open contracts at this strike prior to today, and today 93812 contract(s) were bought and sold.
• For NVDA NVDA, we notice a call option sweep that happens to be bullish, is expiring today. Parties traded 108 contract(s) at a $930.00 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 $42.1K, with a price of $390.0 per contract. There were 9180 open contracts at this strike prior to today, and today 28385 contract(s) were bought and sold.
• For TSM TSM, we notice a call option sweep that happens to be bearish, is expiring today. Parties traded 213 contract(s) at a $150.00 strike. This particular call needed to be split into 8 different trades to become filled. The total cost received by the writing party (or parties) was $38.3K, with a price of $180.0 per contract. There were 14736 open contracts at this strike prior to today, and today 8262 contract(s) were bought and sold.
• For SMCI SMCI, we notice a put option trade that happens to be bullish, is expiring today. Parties traded 100 contract(s) at a $895.00 strike. The total cost received by the writing party (or parties) was $66.0K, with a price of $660.0 per contract. There were 512 open contracts at this strike prior to today, and today 3918 contract(s) were bought and sold.
• Regarding MARA MARA, we observe a call option trade with bullish sentiment. It expires in 35 day(s) on June 21, 2024. Parties traded 120 contract(s) at a $20.00 strike. The total cost received by the writing party (or parties) was $29.6K, with a price of $247.0 per contract. There were 22547 open contracts at this strike prior to today, and today 2203 contract(s) were bought and sold.
• For ZM ZM, we notice a call option trade that happens to be bearish, expiring in 35 day(s) on June 21, 2024. This event was a transfer of 1495 contract(s) at a $75.00 strike. The total cost received by the writing party (or parties) was $109.1K, with a price of $73.0 per contract. There were 13143 open contracts at this strike prior to today, and today 1540 contract(s) were bought and sold.
• For AAPL AAPL, we notice a call option trade that happens to be bullish, is expiring today. Parties traded 30 contract(s) at a $175.00 strike. The total cost received by the writing party (or parties) was $44.1K, with a price of $1470.0 per contract. There were 31448 open contracts at this strike prior to today, and today 1450 contract(s) were bought and sold.
• Regarding CRM CRM, we observe a call option trade with neutral sentiment. It expires in 35 day(s) on June 21, 2024. Parties traded 400 contract(s) at a $330.00 strike. The total cost received by the writing party (or parties) was $57.2K, with a price of $143.0 per contract. There were 2249 open contracts at this strike prior to today, and today 853 contract(s) were bought and sold.
• For MDB MDB, we notice a call option trade that happens to be bearish, expiring in 14 day(s) on May 31, 2024. This event was a transfer of 53 contract(s) at a $415.00 strike. The total cost received by the writing party (or parties) was $54.3K, with a price of $1025.0 per contract. There were 36 open contracts at this strike prior to today, and today 843 contract(s) were bought and sold.
• For MSTR MSTR, we notice a call option trade that happens to be bullish, expiring in 7 day(s) on May 24, 2024. This event was a transfer of 7 contract(s) at a $1600.00 strike. The total cost received by the writing party (or parties) was $49.0K, with a price of $7000.0 per contract. There were 645 open contracts at this strike prior to today, and today 626 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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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