This whale alert helps traders to discover the next big trading opportunity.
The whales are entities with deep pockets, and we track their trades with Benzinga's options activity scanner.
Traders often look for situations where market estimates for an option diverge from their normal value: an unusual amount of trading activity can push the option price to unusual or lower-than-expected levels.
Below is an example of options trading taking place in the information technology sector.
Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Total Trade Price Open Interest Volume NVDA Call Trades Bearish 08/23/24 $129.00 $25.0K 32.4K 189.5K INTC Put Trades Bearish 11/15/24 $20.00 $30.1K 4.2K 8.0K MSTR Call Trades Bullish 08/30/24 $150.00 $85.2K 3.2K 3.8K AMD Call Sweep Bullish 01/17/25 $210.00 $231.2K 5.6K 3.0K MSFT Call Sweep Bearish 09/20/24 $450.00 $44.5K 7.2K 2.4K CLSK Call SWEEP BEARISH 08/30/24 $12.00 $26.0K 3.8K 1.6K WOLF PUT SWEEP BEARISH 08/30/24 $12.50 $30.5K 2.0K 1.2K SMCI PUT TRADE NEUTRAL 09/06/24 $600.00 $92.6K 438 1.0KS CALL TRADE BEARISH 09/20/24 $25.00 $153.7K 2.5K 795 CORZ CALL TRADE BEARISH 01/16/26 $20.00 $65.1K 20.3K 741
explanation
These itemized details have been compiled using the attached tables.
• NVDA In NVDA we see that a bearish call option trade is expiring today. The parties traded 1000 contracts at a strike price of $129.00. The total cost received by the writing party (or parties) was $25.0K, at a price of $25.0 per contract. There were 32428 contracts open at this strike price to date, and 189511 contracts were bought and sold today.
• INTC Regarding INTC, we are seeing put option trading with bearish sentiment. It expires in 84 days on November 15, 2024. The parties traded 184 contracts at a strike price of $20.00. The total cost received by the writing party (or parties) was $30.1K, at a price of $164.0 per contract. There were 4291 open contracts at this strike price to date, with 8033 contracts bought and sold today.
• MSTR We are seeing call option trading with bullish sentiment regarding MSTR. It expires in 7 days on August 30, 2024. The parties traded 297 contracts at a strike price of $150.00. The total cost received by the writing party (or parties) was $85.2K, at a price of $287.0 per contract. There were 3203 open contracts at this strike price to date, with 3815 contracts bought and sold today.
• AMD For AMD we are seeing a bullish call option sweep, expiring in 147 days on January 17th, 2025. The event was the transfer of 492 contracts at a strike price of $210.00. This particular call had to be split into 30 different trades in order to be filled. The total cost received by the writing side (or sides) was $231.2K, at a price of $470.0 per contract. There were 5636 open contracts at this strike price to date, and 3062 contracts were bought and sold today.
• MSFT Regarding MSFT, we are seeing a call option sweep with bearish sentiment. It expires in 28 days on September 20th, 2024. The parties traded 495 contracts at a strike price of $450.00. This particular call had to be split into 30 different trades in order to be filled. The total cost received by the writing party (or parties) was $44.5K, at a price of $90.0 per contract. There were 7216 contracts open at this strike price to date, with 2481 contracts bought and sold today.
• CLSK Regarding CLSK, we are seeing a call option sweep with bearish sentiment. It expires in 7 days on August 30th, 2024. The parties bought and sold 400 contracts at a strike price of $12.00. This particular call had to be split into 5 different trades in order to be filled. The total cost received by the writing party (or parties) was $26.0K, at a price of $65.0 per contract. There were 3880 open contracts at this strike price to date, with 1653 contracts being bought and sold today.
• WOLF For WOLF we are seeing a bearish put option sweep expiring in 7 days on August 30th, 2024. The event was the transfer of 869 contracts at a strike price of $12.50. This put option had to be split into 55 different trades in order to be filled. The total cost received by the writer was $30.5K, with a price of $35.0 per contract. There were 2040 open contracts at this strike price to date, with 1219 contracts bought and sold today.
• SMCI For SMCI, we are seeing a put option trade with neutral sentiment. It expires in 14 days on September 6th, 2024. The parties traded 40 contracts at a strike price of $600.00. The total cost received by the writing party (or parties) was $92.6K, at a price of $2317.0 per contract. There are 438 contracts open at this strike price to date, with 1000 contracts bought and sold today.
• Regarding SS, we see a call option trade with bearish sentiment. It expires in 28 days on September 20th, 2024. The parties traded 750 contracts at a strike price of $25.00. The total cost received by the writing party (or parties) was $153.7K, with a price of $205.0 per contract. There were 2539 open contracts at this strike price to date, with 795 contracts bought and sold today.
• CORZ We are seeing bearish sentiment call option trading for CORZ. It expires on January 16th, 2026, which is 511 days away. The parties traded 383 contracts at a strike price of $20.00. The total cost received by the writing party (or parties) was $65.1K, at a price of $170.0 per contract. There were 20349 open contracts at this strike price to date, with 741 contracts being bought and sold today.
Option Alert Terminology
– Call Agreement: The right to purchase shares as stated in the agreement.
– Put contract: The right to sell shares as stated in the contract.
– Expiration Date: The date the contract expires. If you want to use the contract, you must act on it by this date.
– Premium/Option Price: The price of the contract.
For more information, see our Guide to Understanding Options Alerts or read more about Unusual Options Activity.
This article was generated by Benzinga's automated content engine and has been reviewed by an editor.
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