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 |
|---|---|---|---|---|---|---|---|---|
| NVDA | CALL | SWEEP | BEARISH | 10/21/22 | $120.00 | $57.6K | 9.0K | 24.1K |
| AAPL | CALL | SWEEP | BULLISH | 11/18/22 | $155.00 | $78.2K | 30.2K | 4.7K |
| SNOW | CALL | SWEEP | NEUTRAL | 10/21/22 | $170.00 | $62.9K | 1.3K | 2.4K |
| MSFT | PUT | TRADE | NEUTRAL | 10/21/22 | $227.50 | $44.2K | 3.2K | 2.1K |
| INTC | CALL | TRADE | BEARISH | 03/17/23 | $27.50 | $26.2K | 7.7K | 2.0K |
| VNT | CALL | SWEEP | BEARISH | 11/18/22 | $17.50 | $62.5K | 0 | 900 |
| FIS | CALL | SWEEP | BEARISH | 01/20/23 | $80.00 | $216.9K | 614 | 492 |
| FOUR | PUT | SWEEP | BEARISH | 01/20/23 | $35.00 | $107.6K | 235 | 458 |
| U | PUT | SWEEP | BEARISH | 01/20/23 | $30.00 | $31.4K | 5.5K | 338 |
| MU | CALL | SWEEP | BEARISH | 11/18/22 | $55.00 | $82.8K | 4.3K | 327 |
Explanation
These itemized elaborations have been created using the accompanying table.
• For NVDA (NASDAQ:NVDA), we notice a call option sweep that happens to be bearish, expiring in 4 day(s) on October 21, 2022. This event was a transfer of 198 contract(s) at a $120.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $57.6K, with a price of $291.0 per contract. There were 9079 open contracts at this strike prior to today, and today 24169 contract(s) were bought and sold.
• For AAPL (NASDAQ:AAPL), we notice a call option sweep that happens to be bullish, expiring in 32 day(s) on November 18, 2022. This event was a transfer of 380 contract(s) at a $155.00 strike. This particular call needed to be split into 21 different trades to become filled. The total cost received by the writing party (or parties) was $78.2K, with a price of $206.0 per contract. There were 30208 open contracts at this strike prior to today, and today 4709 contract(s) were bought and sold.
• For SNOW (NYSE:SNOW), we notice a call option sweep that happens to be neutral, expiring in 4 day(s) on October 21, 2022. This event was a transfer of 150 contract(s) at a $170.00 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 $62.9K, with a price of $420.0 per contract. There were 1332 open contracts at this strike prior to today, and today 2432 contract(s) were bought and sold.
• For MSFT (NASDAQ:MSFT), we notice a put option trade that happens to be neutral, expiring in 4 day(s) on October 21, 2022. This event was a transfer of 395 contract(s) at a $227.50 strike. The total cost received by the writing party (or parties) was $44.2K, with a price of $112.0 per contract. There were 3232 open contracts at this strike prior to today, and today 2163 contract(s) were bought and sold.
• Regarding INTC (NASDAQ:INTC), we observe a call option trade with bearish sentiment. It expires in 151 day(s) on March 17, 2023. Parties traded 114 contract(s) at a $27.50 strike. The total cost received by the writing party (or parties) was $26.2K, with a price of $230.0 per contract. There were 7735 open contracts at this strike prior to today, and today 2026 contract(s) were bought and sold.
• For VNT (NYSE:VNT), we notice a call option sweep that happens to be bearish, expiring in 32 day(s) on November 18, 2022. This event was a transfer of 500 contract(s) at a $17.50 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 $62.5K, with a price of $125.0 per contract. There were 0 open contracts at this strike prior to today, and today 900 contract(s) were bought and sold.
• Regarding FIS (NYSE:FIS), we observe a call option sweep with bearish sentiment. It expires in 95 day(s) on January 20, 2023. Parties traded 482 contract(s) at a $80.00 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 $216.9K, with a price of $450.0 per contract. There were 614 open contracts at this strike prior to today, and today 492 contract(s) were bought and sold.
• For FOUR (NYSE:FOUR), we notice a put option sweep that happens to be bearish, expiring in 95 day(s) on January 20, 2023. This event was a transfer of 458 contract(s) at a $35.00 strike. This particular put needed to be split into 44 different trades to become filled. The total cost received by the writing party (or parties) was $107.6K, with a price of $235.0 per contract. There were 235 open contracts at this strike prior to today, and today 458 contract(s) were bought and sold.
• Regarding U (NYSE:U), we observe a put option sweep with bearish sentiment. It expires in 95 day(s) on January 20, 2023. Parties traded 65 contract(s) at a $30.00 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 $31.4K, with a price of $484.0 per contract. There were 5522 open contracts at this strike prior to today, and today 338 contract(s) were bought and sold.
• For MU (NASDAQ:MU), we notice a call option sweep that happens to be bearish, expiring in 32 day(s) on November 18, 2022. This event was a transfer of 338 contract(s) at a $55.00 strike. This particular call needed to be split into 35 different trades to become filled. The total cost received by the writing party (or parties) was $82.8K, with a price of $245.0 per contract. There were 4360 open contracts at this strike prior to today, and today 327 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.
