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 |
|---|---|---|---|---|---|---|---|---|
| AMD | CALL | SWEEP | BEARISH | 11/11/22 | $65.00 | $26.0K | 17.0K | 31.5K |
| RIOT | PUT | SWEEP | BULLISH | 11/18/22 | $5.00 | $35.4K | 4.8K | 9.3K |
| MSTR | PUT | SWEEP | BULLISH | 11/11/22 | $200.00 | $107.0K | 649 | 3.5K |
| MSFT | PUT | SWEEP | BULLISH | 11/18/22 | $230.00 | $63.0K | 8.6K | 3.0K |
| AAPL | PUT | TRADE | BULLISH | 11/18/22 | $138.00 | $60.9K | 5.7K | 2.6K |
| OKTA | PUT | SWEEP | BEARISH | 11/11/22 | $46.00 | $233.3K | 266 | 2.0K |
| SNOW | PUT | SWEEP | BEARISH | 11/11/22 | $130.00 | $47.4K | 562 | 819 |
| SQ | CALL | TRADE | BULLISH | 01/20/23 | $80.00 | $54.0K | 6.4K | 787 |
| ADBE | CALL | SWEEP | BEARISH | 01/20/23 | $325.00 | $36.6K | 249 | 403 |
| TXN | PUT | SWEEP | BEARISH | 11/18/22 | $175.00 | $77.5K | 2.9K | 217 |
Explanation
These bullet-by-bullet explanations have been constructed using the accompanying table.
• For AMD (NASDAQ:AMD), we notice a call option sweep that happens to be bearish, expiring in 1 day(s) on November 11, 2022. This event was a transfer of 200 contract(s) at a $65.00 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 $26.0K, with a price of $130.0 per contract. There were 17081 open contracts at this strike prior to today, and today 31583 contract(s) were bought and sold.
• For RIOT (NASDAQ:RIOT), we notice a put option sweep that happens to be bullish, expiring in 8 day(s) on November 18, 2022. This event was a transfer of 787 contract(s) at a $5.00 strike. This particular put needed to be split into 16 different trades to become filled. The total cost received by the writing party (or parties) was $35.4K, with a price of $45.0 per contract. There were 4890 open contracts at this strike prior to today, and today 9382 contract(s) were bought and sold.
• Regarding MSTR (NASDAQ:MSTR), we observe a put option sweep with bullish sentiment. It expires in 1 day(s) on November 11, 2022. Parties traded 115 contract(s) at a $200.00 strike. This particular put needed to be split into 8 different trades to become filled. The total cost received by the writing party (or parties) was $107.0K, with a price of $930.0 per contract. There were 649 open contracts at this strike prior to today, and today 3552 contract(s) were bought and sold.
• Regarding MSFT (NASDAQ:MSFT), we observe a put option sweep with bullish sentiment. It expires in 8 day(s) on November 18, 2022. Parties traded 100 contract(s) at a $230.00 strike. This particular put needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $63.0K, with a price of $630.0 per contract. There were 8617 open contracts at this strike prior to today, and today 3061 contract(s) were bought and sold.
• Regarding AAPL (NASDAQ:AAPL), we observe a put option trade with bullish sentiment. It expires in 8 day(s) on November 18, 2022. Parties traded 211 contract(s) at a $138.00 strike. The total cost received by the writing party (or parties) was $60.9K, with a price of $289.0 per contract. There were 5711 open contracts at this strike prior to today, and today 2645 contract(s) were bought and sold.
• Regarding OKTA (NASDAQ:OKTA), we observe a put option sweep with bearish sentiment. It expires in 1 day(s) on November 11, 2022. Parties traded 1781 contract(s) at a $46.00 strike. This particular put needed to be split into 75 different trades to become filled. The total cost received by the writing party (or parties) was $233.3K, with a price of $131.0 per contract. There were 266 open contracts at this strike prior to today, and today 2030 contract(s) were bought and sold.
• For SNOW (NYSE:SNOW), we notice a put option sweep that happens to be bearish, expiring in 1 day(s) on November 11, 2022. This event was a transfer of 100 contract(s) at a $130.00 strike. This particular put needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $47.4K, with a price of $475.0 per contract. There were 562 open contracts at this strike prior to today, and today 819 contract(s) were bought and sold.
• For SQ (NYSE:SQ), we notice a call option trade that happens to be bullish, expiring in 71 day(s) on January 20, 2023. This event was a transfer of 200 contract(s) at a $80.00 strike. The total cost received by the writing party (or parties) was $54.0K, with a price of $270.0 per contract. There were 6408 open contracts at this strike prior to today, and today 787 contract(s) were bought and sold.
• For ADBE (NASDAQ:ADBE), we notice a call option sweep that happens to be bearish, expiring in 71 day(s) on January 20, 2023. This event was a transfer of 24 contract(s) at a $325.00 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 $36.6K, with a price of $1525.0 per contract. There were 249 open contracts at this strike prior to today, and today 403 contract(s) were bought and sold.
• For TXN (NASDAQ:TXN), we notice a put option sweep that happens to be bearish, expiring in 8 day(s) on November 18, 2022. This event was a transfer of 100 contract(s) at a $175.00 strike. This particular put needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $77.5K, with a price of $775.0 per contract. There were 2996 open contracts at this strike prior to today, and today 217 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.
