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 | PUT | SWEEP | BEARISH | 10/14/22 | $140.00 | $35.1K | 22.0K | 48.3K |
| AMD | PUT | SWEEP | BULLISH | 10/21/22 | $56.00 | $31.0K | 2.6K | 10.8K |
| SQ | CALL | SWEEP | BULLISH | 12/16/22 | $65.00 | $31.5K | 20.5K | 4.2K |
| MSFT | PUT | SWEEP | BULLISH | 10/21/22 | $220.00 | $32.4K | 17.3K | 2.8K |
| MU | CALL | SWEEP | BULLISH | 10/21/22 | $54.00 | $27.8K | 4.9K | 2.2K |
| NVDA | CALL | SWEEP | BEARISH | 01/20/23 | $140.00 | $220.0K | 2.6K | 1.2K |
| INFY | PUT | TRADE | NEUTRAL | 01/19/24 | $18.00 | $45.9K | 119 | 1.0K |
| AVGO | PUT | SWEEP | BULLISH | 10/21/22 | $425.00 | $44.8K | 738 | 645 |
| SNOW | CALL | SWEEP | BULLISH | 10/28/22 | $170.00 | $45.6K | 153 | 636 |
| AFRM | PUT | SWEEP | BULLISH | 11/18/22 | $17.50 | $27.9K | 5.1K | 548 |
Explanation
These bullet-by-bullet explanations have been constructed using the accompanying table.
• For AAPL (NASDAQ:AAPL), we notice a put option sweep that happens to be bearish, is expiring today. Parties traded 300 contract(s) at a $140.00 strike. This particular put needed to be split into 18 different trades to become filled. The total cost received by the writing party (or parties) was $35.1K, with a price of $116.0 per contract. There were 22023 open contracts at this strike prior to today, and today 48340 contract(s) were bought and sold.
• For AMD (NASDAQ:AMD), we notice a put option sweep that happens to be bullish, expiring in 7 day(s) on October 21, 2022. This event was a transfer of 200 contract(s) at a $56.00 strike. This particular put needed to be split into 10 different trades to become filled. The total cost received by the writing party (or parties) was $31.0K, with a price of $155.0 per contract. There were 2686 open contracts at this strike prior to today, and today 10832 contract(s) were bought and sold.
• Regarding SQ (NYSE:SQ), we observe a call option sweep with bullish sentiment. It expires in 63 day(s) on December 16, 2022. Parties traded 100 contract(s) at a $65.00 strike. This particular call needed to be split into 8 different trades to become filled. The total cost received by the writing party (or parties) was $31.5K, with a price of $315.0 per contract. There were 20584 open contracts at this strike prior to today, and today 4224 contract(s) were bought and sold.
• For MSFT (NASDAQ:MSFT), we notice a put option sweep that happens to be bullish, expiring in 7 day(s) on October 21, 2022. This event was a transfer of 200 contract(s) at a $220.00 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 $32.4K, with a price of $163.0 per contract. There were 17328 open contracts at this strike prior to today, and today 2844 contract(s) were bought and sold.
• For MU (NASDAQ:MU), we notice a call option sweep that happens to be bullish, expiring in 7 day(s) on October 21, 2022. This event was a transfer of 200 contract(s) at a $54.00 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 $27.8K, with a price of $139.0 per contract. There were 4985 open contracts at this strike prior to today, and today 2225 contract(s) were bought and sold.
• For NVDA (NASDAQ:NVDA), we notice a call option sweep that happens to be bearish, expiring in 98 day(s) on January 20, 2023. This event was a transfer of 400 contract(s) at a $140.00 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 $220.0K, with a price of $550.0 per contract. There were 2636 open contracts at this strike prior to today, and today 1293 contract(s) were bought and sold.
• Regarding INFY (NYSE:INFY), we observe a put option trade with neutral sentiment. It expires in 462 day(s) on January 19, 2024. Parties traded 200 contract(s) at a $18.00 strike. The total cost received by the writing party (or parties) was $45.9K, with a price of $230.0 per contract. There were 119 open contracts at this strike prior to today, and today 1000 contract(s) were bought and sold.
• Regarding AVGO (NASDAQ:AVGO), we observe a put option sweep with bullish sentiment. It expires in 7 day(s) on October 21, 2022. Parties traded 60 contract(s) at a $425.00 strike. This particular put needed to be split into 20 different trades to become filled. The total cost received by the writing party (or parties) was $44.8K, with a price of $740.0 per contract. There were 738 open contracts at this strike prior to today, and today 645 contract(s) were bought and sold.
• For SNOW (NYSE:SNOW), we notice a call option sweep that happens to be bullish, expiring in 14 day(s) on October 28, 2022. This event was a transfer of 120 contract(s) at a $170.00 strike. This particular call needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was $45.6K, with a price of $380.0 per contract. There were 153 open contracts at this strike prior to today, and today 636 contract(s) were bought and sold.
• For AFRM (NASDAQ:AFRM), we notice a put option sweep that happens to be bullish, expiring in 35 day(s) on November 18, 2022. This event was a transfer of 93 contract(s) at a $17.50 strike. This particular put needed to be split into 8 different trades to become filled. The total cost received by the writing party (or parties) was $27.9K, with a price of $300.0 per contract. There were 5139 open contracts at this strike prior to today, and today 548 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.
