This whale warning can help traders discover the following great trading opportunities.
Whales are entities with large sums of money and we track their transactions here in Benzinga on our activity scanner.
Traders will look for circumstances when the market valuation of an option deviates greatly from its normal value. High levels of trading activity can push option prices to exaggerated or undervalued levels.
Below are some examples of option activities that take place in the information technology sector:
| Symbol | PUT / CALL | Trade Type | Sentiment | Exp. date | Strike Price | Total trade price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| AMD | PUT | SVEEP | BULLS | 08/19/22 | $ 75.00 | $ 30.5 thousand | 4.4K | 41.4K |
| AAPL | PUT | SVEEP | BULLS | 05/27/22 | $ 139.00 | $ 40.4 thousand | 7.4K | 26.9K |
| NVDA | PUT | SVEEP | BEARISH | 05/27/22 | $ 145.00 | $ 51.6 thousand | 6.0K | 4.9K |
| MU | PUT | TRADE | BULLS | 06/17/22 | $ 65.00 | 423.4 thousand dollars | 24.1K | 2.4K |
| ZM | PUT | SVEEP | NEUTRAL | 09/16/22 | $ 90.00 | $ 57.2 thousand | 1.5K | 2.0K |
| SNOW | PUT | SVEEP | BEARISH | 05/27/22 | $ 130.00 | $ 105.0 thousand | 2.5K | 1.8K |
| CRM | PUT | TRADE | BEARISH | 01/20/23 | $ 150.00 | $ 440.0 thousand | 2.9K | 1.4K |
| AMAT | PUT | TRADE | BULLS | 06/17/22 | $ 100.00 | $ 270.0 thousand | 4.2K | 972 |
| VDC | CALL | SVEEP | BULLS | 06/17/22 | $ 60.00 | $ 33.4 thousand | 7.9K | 758 |
| KCOM | CALL | TRADE | BULLS | 06/17/22 | $ 120.00 | $ 56.0 thousand | 769 | 755 |
Explanation
These detailed studies were made using the accompanying table.
• For AMD AMDwe notice a put option sveep it happens bullishexpires in 86 days August 19, 2022. This event was a broadcast 65 contract (s) code a $ 75.00 blow. This particular path had to be divided into 19 different trades in order to be filled. The total cost received by the party (or parties) who wrote it was $ 30.5 thousandwith a price of $ 470.0 by contract. There were 4466 open contracts on this strike before today and today 41444 contract (s) are bought and sold.
• Concerning AAPL AAPLwe observe a put option sveep with bullish sentiment. Expires in 2 day (s). May 27, 2022. Traded customers 200 contract (s) code a $ 139.00 blow. This particular road had to be divided into 8 different trades in order to be filled. The total cost received by the party (or parties) who wrote it was $ 40.4 thousandwith a price of $ 202.0 by contract. There were 7459 open contracts on this strike before today and today 26936 contract (s) are bought and sold.
• Concerning NVDA NVDAwe observe a put option sveep with bearish sentiment. Expires in 2 days May 27, 2022. Traded customers 266 contract (s) code a $ 145.00 blow. This particular road had to be divided into 6 different trades in order to be filled. The total cost received by the party (or parties) who wrote it was $ 51.6 thousandwith a price of $ 194.0 by contract. There were 6061 open contracts on this strike before today and today 4910 contract (s) are bought and sold.
• Concerning MU MUwe observe a put option trade with bullish sentiment. Expires in 23 days June 17, 2022. Traded customers 1580 contract (s) code a $ 65.00 blow. The total cost received by the party (or parties) who wrote it was 423.4 thousand dollarswith a price of $ 268.0 by contract. There were 24119 open contracts on this strike before today and today 2410 contract (s) are bought and sold.
• For ZM ZMwe notice a put option sveep it happens neutralwhich expires in 114 days September 16, 2022. This event was a broadcast 48 contract (s) code a $ 90.00 blow. This particular road had to be divided into 6 different trades in order to be filled. The total cost received by the party (or parties) who wrote it was $ 57.2 thousandwith a price of $ 1193.0 by contract. There were 1512 open contracts on this strike before today and today 2028 contract (s) are bought and sold.
• Concerning SNOW SNOWwe observe a put option sveep with bearish sentiment. Expires in 2 day (s). May 27, 2022. Traded customers 100 contract (s) code a $ 130.00 blow. This particular trip had to be divided into 30 different trades in order to be filled. The total cost received by the party (or parties) who wrote it was $ 105.0 thousandwith a price of $ 1,050.0 by contract. There were 2518 open contracts on this strike before today and today 1827 contract (s) are bought and sold.
• For CRM CRMwe notice a put option trade it happens bearishwhich expires in 240 days January 20, 2023. This event was a broadcast 250 contract (s) code a $ 150.00 blow. The total cost received by the party (or parties) who wrote it was $ 440.0 thousandwith a price of $ 1760.0 by contract. There were 2936 open contracts on this strike before today and today 1401 contract (s) are bought and sold.
• Concerning AMAT AMATwe observe a put option trade with bullish sentiment. Expires in 23 days June 17, 2022. Traded customers 900 contract (s) code a $ 100.00 blow. The total cost received by the party (or parties) who wrote it was $ 270.0 thousandwith a price of $ 300.0 by contract. There were 4277 open contracts on this strike before today and today 972 contract (s) are bought and sold.
• Concerning VDC VDCwe observe a call option sveep with bullish sentiment. Expires in 23 days June 17, 2022. Traded customers 167 contract (s) code a $ 60.00 blow. This particular call had to be divided into 3 different stores to be fulfilled. The total cost received by the party (s) who wrote it was $ 33.4 thousandwith a price of $ 200.0 by contract. There were 7969 open contracts on this strike before today and today 758 contract (s) are bought and sold.
• For KCOM KCOMwe notice a call option trade it happens bullishexpires in 23 days June 17, 2022. This event was a broadcast 50 contract (s) code a $ 120.00 blow. The total cost received by the party (or parties) who wrote it was $ 56.0 thousandwith a price of $ 1120.0 by contract. There were 769 open contracts on this strike before today and today 755 contract (s) are bought and sold.
Options Alert Terminology
- Call agreements: The right to purchase shares as stated in the contract.
- Road contracts: The right to sell shares as stated in the contract.
- Expiration date: When the contract expires. By this date, you must comply with the contract if you want to use it.
- Premium / optional price: Contract price.
For more information visit our A guide to understanding option warnings or read more news about unusual activity options.
This article was generated by Benzinga’s automated content engine and reviewed by its editor.