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 | BULLISH | 11/11/22 | $138.00 | $27.7K | 3.7K | 17.8K |
| MSFT | CALL | SWEEP | BULLISH | 11/11/22 | $225.00 | $37.0K | 8.5K | 10.9K |
| PANW | PUT | SWEEP | BULLISH | 11/18/22 | $130.00 | $36.7K | 965 | 1.6K |
| OKTA | PUT | SWEEP | BULLISH | 11/18/22 | $40.00 | $27.6K | 1.1K | 441 |
| NOW | CALL | SWEEP | BULLISH | 11/11/22 | $380.00 | $29.9K | 54 | 424 |
| CRWD | PUT | TRADE | BULLISH | 11/18/22 | $115.00 | $47.0K | 426 | 341 |
| MU | PUT | SWEEP | BULLISH | 06/16/23 | $50.00 | $44.6K | 14.5K | 323 |
| TXN | CALL | TRADE | BULLISH | 11/18/22 | $160.00 | $64.1K | 3.6K | 312 |
| MDB | PUT | SWEEP | BEARISH | 11/18/22 | $125.00 | $61.6K | 1.0K | 290 |
| QCOM | CALL | SWEEP | BULLISH | 11/25/22 | $111.00 | $60.0K | 10 | 261 |
Explanation
These itemized elaborations have been created using the accompanying table.
• For AAPL (NASDAQ:AAPL), we notice a call option sweep that happens to be bullish, expiring in 4 day(s) on November 11, 2022. This event was a transfer of 100 contract(s) at a $138.00 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 $27.7K, with a price of $277.0 per contract. There were 3795 open contracts at this strike prior to today, and today 17809 contract(s) were bought and sold.
• For MSFT (NASDAQ:MSFT), we notice a call option sweep that happens to be bullish, expiring in 4 day(s) on November 11, 2022. This event was a transfer of 100 contract(s) at a $225.00 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 $37.0K, with a price of $370.0 per contract. There were 8521 open contracts at this strike prior to today, and today 10978 contract(s) were bought and sold.
• For PANW (NASDAQ:PANW), we notice a put option sweep that happens to be bullish, expiring in 11 day(s) on November 18, 2022. This event was a transfer of 150 contract(s) at a $130.00 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 $36.7K, with a price of $245.0 per contract. There were 965 open contracts at this strike prior to today, and today 1652 contract(s) were bought and sold.
• Regarding OKTA (NASDAQ:OKTA), we observe a put option sweep with bullish sentiment. It expires in 11 day(s) on November 18, 2022. Parties traded 400 contract(s) at a $40.00 strike. This particular put needed to be split into 41 different trades to become filled. The total cost received by the writing party (or parties) was $27.6K, with a price of $70.0 per contract. There were 1167 open contracts at this strike prior to today, and today 441 contract(s) were bought and sold.
• Regarding NOW (NYSE:NOW), we observe a call option sweep with bullish sentiment. It expires in 4 day(s) on November 11, 2022. Parties traded 100 contract(s) at a $380.00 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 $29.9K, with a price of $303.0 per contract. There were 54 open contracts at this strike prior to today, and today 424 contract(s) were bought and sold.
• Regarding CRWD (NASDAQ:CRWD), we observe a put option trade with bullish sentiment. It expires in 11 day(s) on November 18, 2022. Parties traded 200 contract(s) at a $115.00 strike. The total cost received by the writing party (or parties) was $47.0K, with a price of $235.0 per contract. There were 426 open contracts at this strike prior to today, and today 341 contract(s) were bought and sold.
• Regarding MU (NASDAQ:MU), we observe a put option sweep with bullish sentiment. It expires in 221 day(s) on June 16, 2023. Parties traded 94 contract(s) at a $50.00 strike. This particular put needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was $44.6K, with a price of $475.0 per contract. There were 14536 open contracts at this strike prior to today, and today 323 contract(s) were bought and sold.
• For TXN (NASDAQ:TXN), we notice a call option trade that happens to be bullish, expiring in 11 day(s) on November 18, 2022. This event was a transfer of 95 contract(s) at a $160.00 strike. The total cost received by the writing party (or parties) was $64.1K, with a price of $675.0 per contract. There were 3683 open contracts at this strike prior to today, and today 312 contract(s) were bought and sold.
• Regarding MDB (NASDAQ:MDB), we observe a put option sweep with bearish sentiment. It expires in 11 day(s) on November 18, 2022. Parties traded 220 contract(s) at a $125.00 strike. This particular put needed to be split into 11 different trades to become filled. The total cost received by the writing party (or parties) was $61.6K, with a price of $280.0 per contract. There were 1065 open contracts at this strike prior to today, and today 290 contract(s) were bought and sold.
• For QCOM (NASDAQ:QCOM), we notice a call option sweep that happens to be bullish, expiring in 18 day(s) on November 25, 2022. This event was a transfer of 246 contract(s) at a $111.00 strike. This particular call needed to be split into 17 different trades to become filled. The total cost received by the writing party (or parties) was $60.0K, with a price of $244.0 per contract. There were 10 open contracts at this strike prior to today, and today 261 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.
