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 | BULLISH | 07/29/22 | $87.00 | $31.0K | 4.9K | 11.1K |
| ZS | CALL | SWEEP | BEARISH | 08/19/22 | $170.00 | $301.7K | 2.5K | 9.1K |
| NVDA | CALL | SWEEP | BULLISH | 07/29/22 | $165.00 | $64.7K | 4.1K | 6.1K |
| DOCU | PUT | TRADE | BEARISH | 08/19/22 | $58.00 | $104.5K | 5.9K | 6.1K |
| SQ | CALL | TRADE | BULLISH | 01/20/23 | $75.00 | $1.0 million | 1.5K | 1.0K |
| QCOM | CALL | TRADE | BULLISH | 07/29/22 | $160.00 | $33.3K | 1.7K | 851 |
| INTC | CALL | SWEEP | BEARISH | 08/19/22 | $39.50 | $35.1K | 2.4K | 541 |
| VMW | CALL | TRADE | BEARISH | 06/16/23 | $130.00 | $40.0K | 918 | 350 |
| DXC | CALL | SWEEP | BULLISH | 08/19/22 | $30.00 | $27.3K | 59 | 269 |
| ENPH | CALL | SWEEP | BEARISH | 07/29/22 | $235.00 | $35.3K | 114 | 152 |
Explanation
These bullet-by-bullet explanations have been constructed using the accompanying table.
• Regarding AMD (NASDAQ:AMD), we observe a call option sweep with bullish sentiment. It expires in 3 day(s) on July 29, 2022. Parties traded 200 contract(s) at a $87.00 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 $31.0K, with a price of $155.0 per contract. There were 4947 open contracts at this strike prior to today, and today 11188 contract(s) were bought and sold.
• For ZS (NASDAQ:ZS), we notice a call option sweep that happens to be bearish, expiring in 24 day(s) on August 19, 2022. This event was a transfer of 1471 contract(s) at a $170.00 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $301.7K, with a price of $205.0 per contract. There were 2502 open contracts at this strike prior to today, and today 9157 contract(s) were bought and sold.
• Regarding NVDA (NASDAQ:NVDA), we observe a call option sweep with bullish sentiment. It expires in 3 day(s) on July 29, 2022. Parties traded 121 contract(s) at a $165.00 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 $64.7K, with a price of $535.0 per contract. There were 4158 open contracts at this strike prior to today, and today 6166 contract(s) were bought and sold.
• For DOCU (NASDAQ:DOCU), we notice a put option trade that happens to be bearish, expiring in 24 day(s) on August 19, 2022. This event was a transfer of 332 contract(s) at a $58.00 strike. The total cost received by the writing party (or parties) was $104.5K, with a price of $315.0 per contract. There were 5946 open contracts at this strike prior to today, and today 6148 contract(s) were bought and sold.
• Regarding SQ (NYSE:SQ), we observe a call option trade with bullish sentiment. It expires in 178 day(s) on January 20, 2023. Parties traded 1000 contract(s) at a $75.00 strike. The total cost received by the writing party (or parties) was $1.0 million, with a price of $1075.0 per contract. There were 1572 open contracts at this strike prior to today, and today 1001 contract(s) were bought and sold.
• Regarding QCOM (NASDAQ:QCOM), we observe a call option trade with bullish sentiment. It expires in 3 day(s) on July 29, 2022. Parties traded 150 contract(s) at a $160.00 strike. The total cost received by the writing party (or parties) was $33.3K, with a price of $222.0 per contract. There were 1750 open contracts at this strike prior to today, and today 851 contract(s) were bought and sold.
• Regarding INTC (NASDAQ:INTC), we observe a call option sweep with bearish sentiment. It expires in 24 day(s) on August 19, 2022. Parties traded 207 contract(s) at a $39.50 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 $35.1K, with a price of $170.0 per contract. There were 2450 open contracts at this strike prior to today, and today 541 contract(s) were bought and sold.
• For VMW (NYSE:VMW), we notice a call option trade that happens to be bearish, expiring in 325 day(s) on June 16, 2023. This event was a transfer of 50 contract(s) at a $130.00 strike. The total cost received by the writing party (or parties) was $40.0K, with a price of $800.0 per contract. There were 918 open contracts at this strike prior to today, and today 350 contract(s) were bought and sold.
• Regarding DXC (NYSE:DXC), we observe a call option sweep with bullish sentiment. It expires in 24 day(s) on August 19, 2022. Parties traded 144 contract(s) at a $30.00 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 $27.3K, with a price of $190.0 per contract. There were 59 open contracts at this strike prior to today, and today 269 contract(s) were bought and sold.
• Regarding ENPH (NASDAQ:ENPH), we observe a call option sweep with bearish sentiment. It expires in 3 day(s) on July 29, 2022. Parties traded 68 contract(s) at a $235.00 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 $35.3K, with a price of $520.0 per contract. There were 114 open contracts at this strike prior to today, and today 152 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.
