This whale alert can help traders discover the next big trade opportunities.
Whales are big money entities and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances where an option’s market estimate deviates from its normal value. Abnormal volumes of trading activity could drive option prices to hyperbolic or underperforming levels.
[LIVE NOW ON YOUTUBE] Click here to watch a FREE MASTERCLASS on The Ultimate Bear Market Survival Guide with Matt Maley! (sign up to get the recording if you can’t attend LIVE)
Below are some examples of options activities in the information technology sector:
| symbol | PUT/CALL | Kind of trade | Feeling | Exp. Dated | Strike price | Total trade price | open interest | Volume |
|---|---|---|---|---|---|---|---|---|
| NVDA | TO CALL | TRADE | BEARISH | 04/02/22 | $240.00 | $63,100 | 13.3K | 51.7K |
| AAPL | TO PUT | TO SWEEP UP | BEARISH | 02/04/22 | $170.00 | $62,000 | 27.6K | 41.2K |
| AMD | TO PUT | TO SWEEP UP | BULLISH | 04/02/22 | $100.00 | $50.7,000 | 9.2K | 8.5K |
| SQ | TO PUT | TO SWEEP UP | BEARISH | 02/04/22 | $115.00 | $68.7K | 448 | 1.5K |
| PYPL | TO CALL | TRADE | BEARISH | 02/18/22 | $170.00 | $39.7,000 | 11.2K | 663 |
| AMAT | TO PUT | TO SWEEP UP | BEARISH | 03/18/22 | $135.00 | $48.7,000 | 4.5K | 577 |
| TEAM | TO PUT | TRADE | BULLISH | 01/19/24 | $300.00 | $638.5,000 | 38 | 406 |
| COMQ | TO CALL | TO SWEEP UP | BULLISH | 02/04/22 | $167.50 | $46.4,000 | 218 | 231 |
| MSTR | TO CALL | TRADE | BULLISH | 04/02/22 | $350.00 | $49,000 | 145 | 138 |
| AVGO | TO PUT | TO SWEEP UP | BEARISH | 06/17/22 | $580.00 | $26,200 | 313 | 105 |
Explanation
These bullet-by-bullet explanations have been constructed using the attached table.
• For NVDA NVDA, we notice a to call option Trade it happens to be bearish, expiring in 4 day(s) on February 4, 2022. This event was a transfer of 101 one-to-one contract(s) $240.00 to hit. The total cost received by the writing party (or parties) has been $63,100, with a price of $625.0 by contract. There was 13352 contracts open to this strike before today, and today 51759 contract(s) have been bought and sold.
• For AAPL AAPL, we notice a to put option to sweep up it happens to be bearish, expiring in 4 day(s) on February 4, 2022. This event was a transfer of 393 one-to-one contract(s) $170.00 to hit. This particular put had to be split into 14 different trades to be filled. The total cost received by the writing party (or parties) has been $62,000, with a price of $158.0 by contract. There was 27640 contracts open to this strike before today, and today 41206 contract(s) have been bought and sold.
• For AMD AMD, we notice a to put option to sweep up it happens to be bullish, expiring in 4 day(s) on February 4, 2022. This event was a transfer of 515 one-to-one contract(s) $100.00 to hit. This particular put had to be split into 6 different trades to be filled. The total cost received by the writing party (or parties) has been $50.7,000, with a price of $98.0 by contract. There was 9206 contracts open to this strike before today, and today 8541 contract(s) have been bought and sold.
• For SQ SQ, we notice a to put option to sweep up it happens to be bearish, expiring in 4 day(s) on February 4, 2022. This event was a transfer of 300 one-to-one contract(s) $115.00 to hit. This particular position had to be divided into 43 different trades to be filled. The total cost received by the writing party (or parties) has been $68.7K, with a price of $230.0 by contract. There was 448 contracts open to this strike before today, and today 1534 contract(s) have been bought and sold.
• For PYPL PYPL, we notice a to call option Trade it happens to be bearish, expiring in 18 day(s) on February 18, 2022. This event was a transfer of 50 one-to-one contract(s) $170.00 to hit. The total cost received by the writing party (or parties) has been $39.7,000, with a price of $794.0 by contract. There was 11262 contracts open to this strike before today, and today 663 contract(s) have been bought and sold.
• Regarding AMAT AMAT, we observe a to put option to sweep up with bearish feeling. It expires in 46 day(s) on March 18, 2022. Parts exchanged 56 one-to-one contract(s) $135.00 to hit. This particular position had to be divided into 16 different trades to be filled. The total cost received by the writing party (or parties) has been $48.7,000, with a price of $870.0 by contract. There was 4548 contracts open to this strike before today, and today 577 contract(s) have been bought and sold.
• Regarding TEAM TEAM, we observe a to put option Trade with bullish feeling. It expires in 718 day(s) on January 19, 2024. Parts exchanged 99 one-to-one contract(s) $300.00 to hit. The total cost received by the writing party (or parties) has been $638.5,000, with a price of $6450.0 by contract. There was 38 contracts open to this strike before today, and today 406 contract(s) have been bought and sold.
• Regarding COMQ COMQ, we observe a to call option to sweep up with bullish feeling. It expires in 4 day(s) on February 4, 2022. Parts exchanged 55 one-to-one contract(s) $167.50 to hit. This particular call had to be split into 5 different trades to be filled. The total cost received by the writing party (or parties) has been $46.4,000, with a price of $845.0 by contract. There was 218 contracts open to this strike before today, and today 231 contract(s) have been bought and sold.
• For MSTR MSTR, we notice a to call option Trade it happens to be bullish, expiring in 4 day(s) on February 4, 2022. This event was a transfer of 20 one-to-one contract(s) $350.00 to hit. The total cost received by the writing party (or parties) has been $49,000, with a price of $2450.0 by contract. There was 145 contracts open to this strike before today, and today 138 contract(s) have been bought and sold.
• Regarding AVGO AVGO, we observe a to put option to sweep up with bearish feeling. It expires in 137 day(s) on June 17, 2022. Parts exchanged 5 one-to-one contract(s) $580.00 to hit. This particular put had to be split into 3 different trades to be filled. The total cost received by the writing party (or parties) has been $26,200, with a price of $5240.0 by contract. There was 313 contracts open to this strike before today, and today 105 contract(s) have been bought and sold.
Options Alert Terminology
– Call contracts: The right to purchase shares as stated in the contract.
– Put contracts: The right to sell shares as stated in the contract.
– Expiration date: When the contract expires. We must act on the contract on this date if we want to use it.
– Premium/Option Price: The contract price.
For more information visit our Guide to Understanding Options Alerts or read more news about unusual options activity.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
