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 |
|---|---|---|---|---|---|---|---|---|
| AAPL | PUT | SWEEP | BULLISH | 09/09/22 | $155.00 | $32.6K | 22.5K | 41.0K |
| MSFT | PUT | SWEEP | BEARISH | 09/09/22 | $255.00 | $31.0K | 2.6K | 6.6K |
| AVYA | CALL | SWEEP | BEARISH | 09/16/22 | $3.00 | $48.1K | 14.4K | 5.7K |
| ENPH | CALL | SWEEP | BEARISH | 09/16/22 | $320.00 | $211.0K | 1.0K | 1.7K |
| FSLR | CALL | TRADE | BEARISH | 09/16/22 | $130.00 | $64.5K | 2.9K | 1.3K |
| AMBA | CALL | SWEEP | BULLISH | 12/16/22 | $70.00 | $29.2K | 412 | 968 |
| NVDA | PUT | SWEEP | BEARISH | 03/17/23 | $115.00 | $46.8K | 2.5K | 935 |
| CSCO | PUT | TRADE | BULLISH | 06/16/23 | $45.00 | $35.6K | 8.1K | 602 |
| ZS | CALL | TRADE | NEUTRAL | 10/21/22 | $120.00 | $59.3K | 9 | 372 |
| MSTR | PUT | TRADE | BEARISH | 09/16/22 | $217.50 | $483.3K | 325 | 321 |
Explanation
These itemized elaborations have been created using the accompanying table.
• For AAPL (NASDAQ:AAPL), we notice a put option sweep that happens to be bullish, expiring in 2 day(s) on September 9, 2022. This event was a transfer of 160 contract(s) at a $155.00 strike. This particular put needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $32.6K, with a price of $204.0 per contract. There were 22545 open contracts at this strike prior to today, and today 41022 contract(s) were bought and sold.
• Regarding MSFT (NASDAQ:MSFT), we observe a put option sweep with bearish sentiment. It expires in 2 day(s) on September 9, 2022. Parties traded 133 contract(s) at a $255.00 strike. This particular put needed to be split into 27 different trades to become filled. The total cost received by the writing party (or parties) was $31.0K, with a price of $234.0 per contract. There were 2659 open contracts at this strike prior to today, and today 6640 contract(s) were bought and sold.
• Regarding AVYA (NYSE:AVYA), we observe a call option sweep with bearish sentiment. It expires in 9 day(s) on September 16, 2022. Parties traded 3212 contract(s) at a $3.00 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 $48.1K, with a price of $15.0 per contract. There were 14440 open contracts at this strike prior to today, and today 5758 contract(s) were bought and sold.
• Regarding ENPH (NASDAQ:ENPH), we observe a call option sweep with bearish sentiment. It expires in 9 day(s) on September 16, 2022. Parties traded 201 contract(s) at a $320.00 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 $211.0K, with a price of $1050.0 per contract. There were 1062 open contracts at this strike prior to today, and today 1744 contract(s) were bought and sold.
• For FSLR (NASDAQ:FSLR), we notice a call option trade that happens to be bearish, expiring in 9 day(s) on September 16, 2022. This event was a transfer of 100 contract(s) at a $130.00 strike. The total cost received by the writing party (or parties) was $64.5K, with a price of $645.0 per contract. There were 2985 open contracts at this strike prior to today, and today 1392 contract(s) were bought and sold.
• For AMBA (NASDAQ:AMBA), we notice a call option sweep that happens to be bullish, expiring in 100 day(s) on December 16, 2022. This event was a transfer of 48 contract(s) at a $70.00 strike. This particular call needed to be split into 10 different trades to become filled. The total cost received by the writing party (or parties) was $29.2K, with a price of $610.0 per contract. There were 412 open contracts at this strike prior to today, and today 968 contract(s) were bought and sold.
• Regarding NVDA (NASDAQ:NVDA), we observe a put option sweep with bearish sentiment. It expires in 191 day(s) on March 17, 2023. Parties traded 44 contract(s) at a $115.00 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 $46.8K, with a price of $1065.0 per contract. There were 2522 open contracts at this strike prior to today, and today 935 contract(s) were bought and sold.
• For CSCO (NASDAQ:CSCO), we notice a put option trade that happens to be bullish, expiring in 282 day(s) on June 16, 2023. This event was a transfer of 81 contract(s) at a $45.00 strike. The total cost received by the writing party (or parties) was $35.6K, with a price of $440.0 per contract. There were 8165 open contracts at this strike prior to today, and today 602 contract(s) were bought and sold.
• For ZS (NASDAQ:ZS), we notice a call option trade that happens to be neutral, expiring in 44 day(s) on October 21, 2022. This event was a transfer of 19 contract(s) at a $120.00 strike. The total cost received by the writing party (or parties) was $59.3K, with a price of $3125.0 per contract. There were 9 open contracts at this strike prior to today, and today 372 contract(s) were bought and sold.
• For MSTR (NASDAQ:MSTR), we notice a put option trade that happens to be bearish, expiring in 9 day(s) on September 16, 2022. This event was a transfer of 281 contract(s) at a $217.50 strike. The total cost received by the writing party (or parties) was $483.3K, with a price of $1720.0 per contract. There were 325 open contracts at this strike prior to today, and today 321 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.
