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 | SWEEP | BEARISH | 07/22/22 | $265.00 | $32.2K | 7.3K | 15.1K |
| AAPL | CALL | TRADE | BULLISH | 07/29/22 | $150.00 | $28.7K | 30.9K | 4.7K |
| HPQ | PUT | SWEEP | BEARISH | 09/16/22 | $33.00 | $231.7K | 492 | 2.8K |
| APPS | PUT | TRADE | BULLISH | 08/19/22 | $20.00 | $47.9K | 185 | 615 |
| IBM | PUT | TRADE | BULLISH | 10/21/22 | $125.00 | $36.4K | 4.1K | 492 |
| SQ | PUT | TRADE | BEARISH | 01/20/23 | $60.00 | $25.5K | 2.8K | 437 |
| QCOM | CALL | TRADE | NEUTRAL | 10/21/22 | $160.00 | $34.2K | 5.6K | 422 |
| ORCL | PUT | TRADE | BEARISH | 07/29/22 | $74.00 | $30.2K | 10 | 312 |
| ENPH | CALL | TRADE | BEARISH | 07/22/22 | $190.00 | $26.3K | 382 | 306 |
| CRM | PUT | TRADE | BULLISH | 07/29/22 | $185.00 | $90.2K | 105 | 254 |
Explanation
These itemized elaborations have been created using the accompanying table.
• For MSFT (NASDAQ:MSFT), we notice a call option sweep that happens to be bearish, expiring in 1 day(s) on July 22, 2022. This event was a transfer of 250 contract(s) at a $265.00 strike. This particular call needed to be split into 20 different trades to become filled. The total cost received by the writing party (or parties) was $32.2K, with a price of $129.0 per contract. There were 7332 open contracts at this strike prior to today, and today 15108 contract(s) were bought and sold.
• For AAPL (NASDAQ:AAPL), we notice a call option trade that happens to be bullish, expiring in 8 day(s) on July 29, 2022. This event was a transfer of 40 contract(s) at a $150.00 strike. The total cost received by the writing party (or parties) was $28.7K, with a price of $719.0 per contract. There were 30909 open contracts at this strike prior to today, and today 4773 contract(s) were bought and sold.
• Regarding HPQ (NYSE:HPQ), we observe a put option sweep with bearish sentiment. It expires in 57 day(s) on September 16, 2022. Parties traded 1141 contract(s) at a $33.00 strike. This particular put needed to be split into 15 different trades to become filled. The total cost received by the writing party (or parties) was $231.7K, with a price of $203.0 per contract. There were 492 open contracts at this strike prior to today, and today 2831 contract(s) were bought and sold.
• For APPS (NASDAQ:APPS), we notice a put option trade that happens to be bullish, expiring in 29 day(s) on August 19, 2022. This event was a transfer of 274 contract(s) at a $20.00 strike. The total cost received by the writing party (or parties) was $47.9K, with a price of $175.0 per contract. There were 185 open contracts at this strike prior to today, and today 615 contract(s) were bought and sold.
• For IBM (NYSE:IBM), we notice a put option trade that happens to be bullish, expiring in 92 day(s) on October 21, 2022. This event was a transfer of 57 contract(s) at a $125.00 strike. The total cost received by the writing party (or parties) was $36.4K, with a price of $640.0 per contract. There were 4105 open contracts at this strike prior to today, and today 492 contract(s) were bought and sold.
• Regarding SQ (NYSE:SQ), we observe a put option trade with bearish sentiment. It expires in 183 day(s) on January 20, 2023. Parties traded 31 contract(s) at a $60.00 strike. The total cost received by the writing party (or parties) was $25.5K, with a price of $825.0 per contract. There were 2859 open contracts at this strike prior to today, and today 437 contract(s) were bought and sold.
• Regarding QCOM (NASDAQ:QCOM), we observe a call option trade with neutral sentiment. It expires in 92 day(s) on October 21, 2022. Parties traded 31 contract(s) at a $160.00 strike. The total cost received by the writing party (or parties) was $34.2K, with a price of $1105.0 per contract. There were 5681 open contracts at this strike prior to today, and today 422 contract(s) were bought and sold.
• Regarding ORCL (NYSE:ORCL), we observe a put option trade with bearish sentiment. It expires in 8 day(s) on July 29, 2022. Parties traded 283 contract(s) at a $74.00 strike. The total cost received by the writing party (or parties) was $30.2K, with a price of $107.0 per contract. There were 10 open contracts at this strike prior to today, and today 312 contract(s) were bought and sold.
• For ENPH (NASDAQ:ENPH), we notice a call option trade that happens to be bearish, expiring in 1 day(s) on July 22, 2022. This event was a transfer of 10 contract(s) at a $190.00 strike. The total cost received by the writing party (or parties) was $26.3K, with a price of $2630.0 per contract. There were 382 open contracts at this strike prior to today, and today 306 contract(s) were bought and sold.
• Regarding CRM (NYSE:CRM), we observe a put option trade with bullish sentiment. It expires in 8 day(s) on July 29, 2022. Parties traded 190 contract(s) at a $185.00 strike. The total cost received by the writing party (or parties) was $90.2K, with a price of $475.0 per contract. There were 105 open contracts at this strike prior to today, and today 254 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.
