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.
Here's the list of options activity happening in today's session:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| AMD | CALL | SWEEP | BULLISH | 10/14/22 | $63.00 | $53.0K | 246 | 56.2K |
| AAPL | PUT | SWEEP | NEUTRAL | 10/14/22 | $140.00 | $43.4K | 8.5K | 22.8K |
| NVDA | PUT | SWEEP | BEARISH | 11/18/22 | $120.00 | $92.9K | 13.6K | 4.8K |
| ON | PUT | SWEEP | BEARISH | 01/20/23 | $50.00 | $30.8K | 13.6K | 4.4K |
| MSFT | PUT | SWEEP | BULLISH | 10/07/22 | $240.00 | $34.5K | 5.0K | 3.9K |
| MU | CALL | TRADE | BULLISH | 10/14/22 | $53.00 | $38.6K | 541 | 2.5K |
| CSCO | CALL | TRADE | BULLISH | 01/20/23 | $45.00 | $110.0K | 32.2K | 1.0K |
| FSLR | CALL | SWEEP | BEARISH | 10/21/22 | $140.00 | $32.1K | 1.3K | 683 |
| ZS | PUT | SWEEP | BULLISH | 03/17/23 | $170.00 | $44.5K | 575 | 510 |
| AMAT | PUT | TRADE | BEARISH | 10/21/22 | $80.00 | $58.0K | 1.7K | 288 |
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 7 day(s) on October 14, 2022. Parties traded 500 contract(s) at a $63.00 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 $53.0K, with a price of $106.0 per contract. There were 246 open contracts at this strike prior to today, and today 56247 contract(s) were bought and sold.
• For AAPL (NASDAQ:AAPL), we notice a put option sweep that happens to be neutral, expiring in 7 day(s) on October 14, 2022. This event was a transfer of 144 contract(s) at a $140.00 strike. This particular put needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $43.4K, with a price of $302.0 per contract. There were 8589 open contracts at this strike prior to today, and today 22869 contract(s) were bought and sold.
• For NVDA (NASDAQ:NVDA), we notice a put option sweep that happens to be bearish, expiring in 42 day(s) on November 18, 2022. This event was a transfer of 100 contract(s) at a $120.00 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 $92.9K, with a price of $928.0 per contract. There were 13646 open contracts at this strike prior to today, and today 4894 contract(s) were bought and sold.
• For ON (NASDAQ:ON), we notice a put option sweep that happens to be bearish, expiring in 105 day(s) on January 20, 2023. This event was a transfer of 110 contract(s) at a $50.00 strike. This particular put needed to be split into 17 different trades to become filled. The total cost received by the writing party (or parties) was $30.8K, with a price of $280.0 per contract. There were 13661 open contracts at this strike prior to today, and today 4431 contract(s) were bought and sold.
• For MSFT (NASDAQ:MSFT), we notice a put option sweep that happens to be bullish, is expiring today. Parties traded 65 contract(s) at a $240.00 strike. This particular put needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $34.5K, with a price of $532.0 per contract. There were 5094 open contracts at this strike prior to today, and today 3961 contract(s) were bought and sold.
• Regarding MU (NASDAQ:MU), we observe a call option trade with bullish sentiment. It expires in 7 day(s) on October 14, 2022. Parties traded 200 contract(s) at a $53.00 strike. The total cost received by the writing party (or parties) was $38.6K, with a price of $193.0 per contract. There were 541 open contracts at this strike prior to today, and today 2566 contract(s) were bought and sold.
• For CSCO (NASDAQ:CSCO), we notice a call option trade that happens to be bullish, expiring in 105 day(s) on January 20, 2023. This event was a transfer of 1000 contract(s) at a $45.00 strike. The total cost received by the writing party (or parties) was $110.0K, with a price of $110.0 per contract. There were 32252 open contracts at this strike prior to today, and today 1028 contract(s) were bought and sold.
• For FSLR (NASDAQ:FSLR), we notice a call option sweep that happens to be bearish, expiring in 14 day(s) on October 21, 2022. This event was a transfer of 163 contract(s) at a $140.00 strike. This particular call needed to be split into 25 different trades to become filled. The total cost received by the writing party (or parties) was $32.1K, with a price of $197.0 per contract. There were 1301 open contracts at this strike prior to today, and today 683 contract(s) were bought and sold.
• For ZS (NASDAQ:ZS), we notice a put option sweep that happens to be bullish, expiring in 161 day(s) on March 17, 2023. This event was a transfer of 17 contract(s) at a $170.00 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 $44.5K, with a price of $2620.0 per contract. There were 575 open contracts at this strike prior to today, and today 510 contract(s) were bought and sold.
• Regarding AMAT (NASDAQ:AMAT), we observe a put option trade with bearish sentiment. It expires in 14 day(s) on October 21, 2022. Parties traded 246 contract(s) at a $80.00 strike. The total cost received by the writing party (or parties) was $58.0K, with a price of $236.0 per contract. There were 1701 open contracts at this strike prior to today, and today 288 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.
