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 | CALL | SWEEP | BEARISH | 10/28/22 | $152.50 | $39.9K | 14.3K | 28.9K |
| AI | CALL | SWEEP | BEARISH | 12/16/22 | $12.50 | $77.4K | 80 | 3.7K |
| AVGO | PUT | TRADE | BEARISH | 01/20/23 | $450.00 | $6.3 million | 1.6K | 2.3K |
| IBM | PUT | SWEEP | BEARISH | 02/17/23 | $130.00 | $44.2K | 2.5K | 2.3K |
| MU | PUT | TRADE | BULLISH | 11/04/22 | $54.00 | $67.0K | 880 | 805 |
| PAGS | CALL | TRADE | BULLISH | 01/19/24 | $25.00 | $66.0K | 1.4K | 800 |
| MSFT | CALL | TRADE | BEARISH | 11/25/22 | $240.00 | $41.0K | 463 | 767 |
| AFRM | PUT | SWEEP | BEARISH | 10/28/22 | $21.50 | $27.4K | 387 | 536 |
| V | PUT | SWEEP | BULLISH | 06/16/23 | $175.00 | $135.7K | 1.2K | 326 |
| TXN | CALL | TRADE | BULLISH | 11/04/22 | $157.50 | $39.3K | 122 | 281 |
Explanation
These bullet-by-bullet explanations have been constructed using the accompanying table.
• Regarding AAPL (NASDAQ:AAPL), we observe a call option sweep with bearish sentiment. It expires in 2 day(s) on October 28, 2022. Parties traded 200 contract(s) at a $152.50 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 $39.9K, with a price of $199.0 per contract. There were 14309 open contracts at this strike prior to today, and today 28989 contract(s) were bought and sold.
• Regarding AI (NYSE:AI), we observe a call option sweep with bearish sentiment. It expires in 51 day(s) on December 16, 2022. Parties traded 442 contract(s) at a $12.50 strike. This particular call needed to be split into 90 different trades to become filled. The total cost received by the writing party (or parties) was $77.4K, with a price of $175.0 per contract. There were 80 open contracts at this strike prior to today, and today 3796 contract(s) were bought and sold.
• Regarding AVGO (NASDAQ:AVGO), we observe a put option trade with bearish sentiment. It expires in 86 day(s) on January 20, 2023. Parties traded 2300 contract(s) at a $450.00 strike. The total cost received by the writing party (or parties) was $6.3 million, with a price of $2750.0 per contract. There were 1627 open contracts at this strike prior to today, and today 2330 contract(s) were bought and sold.
• For IBM (NYSE:IBM), we notice a put option sweep that happens to be bearish, expiring in 114 day(s) on February 17, 2023. This event was a transfer of 72 contract(s) at a $130.00 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 $44.2K, with a price of $615.0 per contract. There were 2578 open contracts at this strike prior to today, and today 2305 contract(s) were bought and sold.
• For MU (NASDAQ:MU), we notice a put option trade that happens to be bullish, expiring in 9 day(s) on November 4, 2022. This event was a transfer of 512 contract(s) at a $54.00 strike. The total cost received by the writing party (or parties) was $67.0K, with a price of $131.0 per contract. There were 880 open contracts at this strike prior to today, and today 805 contract(s) were bought and sold.
• Regarding PAGS (NYSE:PAGS), we observe a call option trade with bullish sentiment. It expires in 450 day(s) on January 19, 2024. Parties traded 600 contract(s) at a $25.00 strike. The total cost received by the writing party (or parties) was $66.0K, with a price of $110.0 per contract. There were 1483 open contracts at this strike prior to today, and today 800 contract(s) were bought and sold.
• For MSFT (NASDAQ:MSFT), we notice a call option trade that happens to be bearish, expiring in 30 day(s) on November 25, 2022. This event was a transfer of 70 contract(s) at a $240.00 strike. The total cost received by the writing party (or parties) was $41.0K, with a price of $586.0 per contract. There were 463 open contracts at this strike prior to today, and today 767 contract(s) were bought and sold.
• Regarding AFRM (NASDAQ:AFRM), we observe a put option sweep with bearish sentiment. It expires in 2 day(s) on October 28, 2022. Parties traded 200 contract(s) at a $21.50 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 $27.4K, with a price of $137.0 per contract. There were 387 open contracts at this strike prior to today, and today 536 contract(s) were bought and sold.
• Regarding V (NYSE:V), we observe a put option sweep with bullish sentiment. It expires in 233 day(s) on June 16, 2023. Parties traded 174 contract(s) at a $175.00 strike. This particular put needed to be split into 38 different trades to become filled. The total cost received by the writing party (or parties) was $135.7K, with a price of $780.0 per contract. There were 1210 open contracts at this strike prior to today, and today 326 contract(s) were bought and sold.
• Regarding TXN (NASDAQ:TXN), we observe a call option trade with bullish sentiment. It expires in 9 day(s) on November 4, 2022. Parties traded 148 contract(s) at a $157.50 strike. The total cost received by the writing party (or parties) was $39.3K, with a price of $266.0 per contract. There were 122 open contracts at this strike prior to today, and today 281 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.
