This whale alert can help traders spot the next big trading opportunity.
Whales are big money entities and we track their transactions here at Benzinga in our options activity scanner.
Traders often look for circumstances when the market valuation of an option differs from its normal value. Abnormal amounts of trading activity can push option prices to hyperbolic or underperforming levels.
Below are some instances of options activity occurring in the Information Technology sector:
| symbol | PUT/CALL | Type of trade | Feeling | Exp. date | Fixed price | Total trade price | Open interest | Volume |
|---|---|---|---|---|---|---|---|---|
| AAPL | SETTLING | ERASE | BULLY | 21.07.23 | $140.00 | 111.7 thousand dollars | 1.9 thousand | 1.8 thousand |
| PYPL | SETTLING | ERASE | BULLY | 21.10.22 | $95.00 | 66.3 thousand dollars | 2.8 thousand | 1.8 thousand |
| NVDA | SETTLING | ERASE | NEUTRAL | 23.09.22 | $150.00 | 38.3 thousand dollars | 990 | 1.5 thousand |
| AMD | SETTLING | ERASE | wave | 21.10.22 | $85.00 | 31.2 thousand dollars | 10.2 thousand | 758 |
| ENPH | SETTLING | ERASE | BULLY | 09/02/22 | $270.00 | 50.9 thousand dollars | 360 | 711 |
| IN | SETTLING | commerce | wave | 21.04.23 | $52.50 | 25.8 thousand dollars | 397 | 210 |
| TTD | SETTLING | ERASE | wave | 21.10.22 | $65.00 | 42.2 thousand dollars | 1.6 thousand | 162 |
| QCOM | call | ERASE | BULLY | 20.01.23 | $135.00 | 59.5 thousand dollars | 2.0 thousand | 145 |
| FTNT | SETTLING | commerce | wave | 16.12.22 | $44.00 | 27.7 thousand dollars | 356 | 107 |
| DOCU | SETTLING | ERASE | BULLY | 09/09/22 | $58.00 | 35.9 thousand dollars | 387 | 96 |
Explanation
These detailed elaborations are created using the accompanying table.
• For AAPL AAPLwe note a vein Optional rub which happens to be wavewhich expires after 325 days July 21, 2023. This event was a transfer of 109 contract(s) in a $140.00 strike This particular placement had to be split into 5 different trades to fill. The total cost received by the writing party (or parties) was 111.7 thousand dollarsat a price of $1025.0 for contract. HAD 1934 open contracts in this strike before today and today 1833 contracts are bought and sold.
• For PYPL PYPLwe note a vein Optional rub which happens to be wavewhich expires after 52 days October 21, 2022. This event was a transfer of 75 contract(s) in a $95.00 strike This particular placement had to be split into 10 different trades to fill. The total cost received by the writing party (or parties) was 66.3 thousand dollarsat a price of $885.0 for contract. HAD 2822 open contracts in this strike before today and today 1816 contracts are bought and sold.
• For NVDA NVDAwe note a vein Optional rub which happens to be neutralwhich expires after 24 days September 23, 2022. This event was a transfer of 50 contract(s) in a $150.00 strike This particular placement had to be split into 4 different trades to fill. The total cost received by the writing party (or parties) was 38.3 thousand dollarsat a price of $768.0 for contract. HAD 990 open contracts in this strike before today and today 1517 contracts are bought and sold.
• In relation to AMD AMDwe observe a vein Optional rub with wave feeling. It expires after 52 days October 21, 2022. Parties trade 50 contract(s) in a $85.00 strike This particular placement had to be split into 4 different trades to fill. The total cost received by the writing party (or parties) was 31.2 thousand dollarsat a price of $625.0 for contract. HAD 10267 open contracts in this strike before today and today 758 contracts are bought and sold.
• For ENPH ENPHwe note a vein Optional rub which happens to be waveexpires after 3 days September 2, 2022. This event was a transfer of 134 contract(s) in a $270.00 strike This particular placement had to be split into 8 different trades to fill. The total cost received by the writing party (or parties) was 50.9 thousand dollarsat a price of $380.0 for contract. HAD 360 open contracts in this strike before today and today 711 contracts are bought and sold.
• For IN INwe note a vein Optional trade which happens to be wavewhich expires after 234 days April 21, 2023. This event was a transfer of 41 contract(s) in a $52.50 strike The total cost received by the writing party (or parties) was 25.8 thousand dollarsat a price of $630.0 for contract. HAD 397 open contracts in this strike before today and today 210 contracts are bought and sold.
• In relation to TTD TTDwe observe a vein Optional rub with wave feeling. It expires after 52 days October 21, 2022. Parties trade 50 contract(s) in a $65.00 strike This particular placement had to be split into 6 different trades to fill. The total cost received by the writing party (or parties) was 42.2 thousand dollarsat a price of $845.0 for contract. HAD 1691 open contracts in this strike before today and today 162 contracts are bought and sold.
• For QCOM QCOMwe note a CALL Optional rub which happens to be wavewhich expires after 143 days January 20, 2023. This event was a transfer of 46 contract(s) in a $135.00 strike This particular call had to be split into 7 different trades to complete. The total cost received by the writing party (or parties) was 59.5 thousand dollarsat a price of $1295.0 for contract. HAD 2086 open contracts in this strike before today and today 145 contracts are bought and sold.
• For FTNT FTNTwe note a vein Optional trade which happens to be wavewhich expires after 108 days December 16, 2022. This event was a transfer of 100 contract(s) in a $44.00 strike The total cost received by the writing party (or parties) was 27.7 thousand dollarsat a price of $277.0 for contract. HAD 356 open contracts in this strike before today and today 107 contracts are bought and sold.
• For DOCU DOCUwe note a vein Optional rub which happens to be wavewhich expires after 10 days September 9, 2022. This event was a transfer of 59 contract(s) in a $58.00 strike This particular placement had to be split into 7 different trades to fill. The total cost received by the writing party (or parties) was 35.9 thousand dollarsat a price of $610.0 for contract. HAD 387 open contracts in this strike before today and today 96 contracts are bought and sold.
Options Alert Terminology
– Call contracts: The right to purchase shares as indicated in the contract.
– Set up 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 they wish to use it.
– Premium Price/Option: Contract price.
For more information, visit our website Guide to Understanding Option Alerts or read more news on unusual options activity.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.