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 often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming 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 | PUT | SWEEP | BEARISH | 05/06/22 | $84.00 | $33.4K | 1.1K | 23.0K |
| NVDA | PUT | TRADE | BULLISH | 05/06/22 | $180.00 | $103.7K | 3.5K | 15.9K |
| AAPL | CALL | SWEEP | BULLISH | 06/17/22 | $165.00 | $114.1K | 38.7K | 10.2K |
| MSFT | CALL | SWEEP | BEARISH | 05/06/22 | $280.00 | $33.3K | 1.9K | 5.7K |
| MARA | CALL | TRADE | BEARISH | 05/06/22 | $18.00 | $373.1K | 11.7K | 5.0K |
| MPWR | PUT | TRADE | BEARISH | 05/20/22 | $380.00 | $27.7K | 5 | 893 |
| SQ | PUT | TRADE | BULLISH | 06/17/22 | $135.00 | $86.8K | 3.4K | 626 |
| MQ | CALL | TRADE | NEUTRAL | 01/20/23 | $7.50 | $32.4K | 1.8K | 261 |
| QCOM | CALL | TRADE | BEARISH | 05/20/22 | $140.00 | $43.0K | 1.9K | 217 |
| TSM | PUT | TRADE | BULLISH | 06/17/22 | $100.00 | $25.8K | 11.4K | 156 |
Explanation
These itemized elaborations have been created using the accompanying table.
• Regarding AMD (NASDAQ:AMD), we observe a put option sweep with bearish sentiment. It expires in 4 day(s) on May 6, 2022. Parties traded 100 contract(s) at a $84.00 strike. This particular put needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $33.4K, with a price of $334.0 per contract. There were 1185 open contracts at this strike prior to today, and today 23008 contract(s) were bought and sold.
• For NVDA (NASDAQ:NVDA), we notice a put option trade that happens to be bullish, expiring in 4 day(s) on May 6, 2022. This event was a transfer of 243 contract(s) at a $180.00 strike. The total cost received by the writing party (or parties) was $103.7K, with a price of $427.0 per contract. There were 3555 open contracts at this strike prior to today, and today 15968 contract(s) were bought and sold.
• For AAPL (NASDAQ:AAPL), we notice a call option sweep that happens to be bullish, expiring in 46 day(s) on June 17, 2022. This event was a transfer of 335 contract(s) at a $165.00 strike. This particular call needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $114.1K, with a price of $340.0 per contract. There were 38753 open contracts at this strike prior to today, and today 10279 contract(s) were bought and sold.
• Regarding MSFT (NASDAQ:MSFT), we observe a call option sweep with bearish sentiment. It expires in 4 day(s) on May 6, 2022. Parties traded 60 contract(s) at a $280.00 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 $33.3K, with a price of $556.0 per contract. There were 1953 open contracts at this strike prior to today, and today 5777 contract(s) were bought and sold.
• For MARA (NASDAQ:MARA), we notice a call option trade that happens to be bearish, expiring in 4 day(s) on May 6, 2022. This event was a transfer of 7317 contract(s) at a $18.00 strike. The total cost received by the writing party (or parties) was $373.1K, with a price of $51.0 per contract. There were 11713 open contracts at this strike prior to today, and today 5065 contract(s) were bought and sold.
• For MPWR (NASDAQ:MPWR), we notice a put option trade that happens to be bearish, expiring in 18 day(s) on May 20, 2022. This event was a transfer of 14 contract(s) at a $380.00 strike. The total cost received by the writing party (or parties) was $27.7K, with a price of $1980.0 per contract. There were 5 open contracts at this strike prior to today, and today 893 contract(s) were bought and sold.
• Regarding SQ (NYSE:SQ), we observe a put option trade with bullish sentiment. It expires in 46 day(s) on June 17, 2022. Parties traded 24 contract(s) at a $135.00 strike. The total cost received by the writing party (or parties) was $86.8K, with a price of $3620.0 per contract. There were 3439 open contracts at this strike prior to today, and today 626 contract(s) were bought and sold.
• For MQ (NASDAQ:MQ), we notice a call option trade that happens to be neutral, expiring in 263 day(s) on January 20, 2023. This event was a transfer of 90 contract(s) at a $7.50 strike. The total cost received by the writing party (or parties) was $32.4K, with a price of $360.0 per contract. There were 1826 open contracts at this strike prior to today, and today 261 contract(s) were bought and sold.
• For QCOM (NASDAQ:QCOM), we notice a call option trade that happens to be bearish, expiring in 18 day(s) on May 20, 2022. This event was a transfer of 64 contract(s) at a $140.00 strike. The total cost received by the writing party (or parties) was $43.0K, with a price of $672.0 per contract. There were 1931 open contracts at this strike prior to today, and today 217 contract(s) were bought and sold.
• For TSM (NYSE:TSM), we notice a put option trade that happens to be bullish, expiring in 46 day(s) on June 17, 2022. This event was a transfer of 25 contract(s) at a $100.00 strike. The total cost received by the writing party (or parties) was $25.8K, with a price of $1035.0 per contract. There were 11462 open contracts at this strike prior to today, and today 156 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.
