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This whale alert helps traders discover the next big trading opportunity.
Whales have a lot of money, and we track their trades here at Benzinga's Options Activity Scanner.
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Traders look for situations where the market estimate for an option deviates significantly from its normal value. Heavy trading activity can push option prices to levels where they are overvalued or undervalued.
Below are some examples of options activity happening in the information technology sector.
| symbol | put/call | transaction type | emotions | Experience date | strike price | Total transaction price | Open interest | Volume |
|---|---|---|---|---|---|---|---|---|
| NVDA | phone | sweep | bearish | 04/12/24 | $880.00 | $30.7,000 | 1.8K | 10.5K |
| A.I. | phone | sweep | strong | 04/12/24 | $26.00 | 131.3 thousand dollars | 649 | 6.8K |
| Mara | phone | sweep | strong | 04/12/24 | $21.00 | 25.5 thousand dollars | 3.4K | 6.4K |
| Mu | phone | trade | bearish | 04/12/24 | $125.00 | 122.6 thousand dollars | 2.0K | 5.4K |
| AMD | phone | trade | strong | 04/19/24 | $175.00 | 49.0 thousand dollars | 9.4K | 2.6K |
| upon | phone | sweep | bearish | 04/12/24 | $75.00 | 35.6 thousand dollars | 458 | 1.9K |
| CDW | phone | sweep | bearish | 09/20/24 | $270.00 | 58.5 thousand dollars | 102 | 1.4K |
| HPE | phone | sweep | bearish | 2024/06/21 | $22.00 | 41.8 thousand dollars | 3.8K | 1.4K |
| PLTR | put | sweep | strong | 05/03/24 | $23.00 | 90.6 thousand dollars | 2.2K | 1.3K |
| riot | phone | sweep | strong | 09/20/24 | $20.00 | $37.7,000 | 6.0K | 1.0K |
explanation
These itemized details have been developed using the attached tables.
• for NVDA (NASDAQ:NVDA), we noticed that: phone option sweep It happened to be bearishwill expire in 7 days April 12, 2024.This event was moved 15 Sign a contract with $880.00 strike. To fill this particular call, we had to split it into 9 different trades. The total fees received by the author(s) are: $30.7,000,the price is $2050.0 per contract.there were 1801 Open contract in this strike before today and today 10529 The contract was bought and sold.
• for A.I. (NYSE:AI), we noticed that: phone option sweep It happened to be bullishwill expire in 7 days April 12, 2024.This event has been moved 4238 Sign a contract with $26.00 strike. To fill this particular call, we had to split it into five different trades. The total fees received by the author(s) are: 131.3 thousand dollars,the price is $31.0 per contract.there were 649 Open contract in this strike before today and today 6846 The contract was bought and sold.
• Regarding Mara (NASDAQ:MARA) phone option sweep and bullish Emotions.Expiry date is within 7 days April 12, 2024.transacted party 500 Sign a contract with $21.00 strike. To fill this particular call, we had to split it into 12 different trades. The total fees received by the author(s) are: 25.5 thousand dollars,the price is $51.0 per contract.there were 3401 Open contract in this strike before today and today 6490 The contract was bought and sold.
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• Regarding Mu (NASDAQ:MU) phone option trade and bearish Emotions.Expiry date is within 7 days April 12, 2024.transacted party 601 Sign a contract with $125.00 strike. The total fees received by the author(s) are: 122.6 thousand dollars,the price is $204.0 per contract.there were 2081 Open contract in this strike before today and today 5400 The contract was bought and sold.
• Regarding AMD (NASDAQ:AMD) phone option trade and bullish Emotions.Expiry date is within 14 days April 19, 2024.transacted party 100 Sign a contract with $175.00 strike. The total fees received by the author(s) are: 49.0 thousand dollars,the price is $490.0 per contract.there were 9488 Open contract in this strike before today and today 2668 The contract was bought and sold.
• Regarding upon (NASDAQ:ON) phone option sweep and bearish Emotions.Expiry date is within 7 days April 12, 2024.transacted party 1837 Sign a contract with $75.00 strike. To fill this particular call, we had to split it into 70 different trades. The total fees received by the author(s) are: 35.6 thousand dollars,the price is $19.0 per contract.there were 458 Open contract in this strike before today and today 1918 The contract was bought and sold.
• for CDW (NASDAQ:CDW), we noticed that: phone option sweep It happened to be bearishexpires after 168 days September 20, 2024.This event has been moved 44 Sign a contract with $270.00 strike. To fill this particular call, he had to split it into three different trades. The total fees received by the author(s) are: 58.5 thousand dollars,the price is $1330.0 per contract.there were 102 Open contract in this strike before today and today 1448 The contract was bought and sold.
• for HPE (NYSE:HPE), we noticed that: phone option sweep It happened to be bearishexpires in 77 days June 21, 2024.This event has been moved 1396 Sign a contract with $22.00 strike. To fill this particular call, we had to split it into 22 different trades. The total fees received by the author(s) are: 41.8 thousand dollars,the price is $30.0 per contract.there were 3845 Open contract in this strike before today and today 1416 The contract was bought and sold.
• Regarding PLTR (NYSE:PLTR), we put option sweep and bullish Emotions.The expiration date is within 28 days May 3, 2024.transacted party 615 Sign a contract with $23.00 strike. To fill this particular put, we had to split it into 15 different trades. The total fees received by the author(s) are: 90.6 thousand dollars,the price is $148.0 per contract.there were 2281 Open contract in this strike before today and today 1386 The contract was bought and sold.
• for riot (NASDAQ:RIOT), we noticed that: phone option sweep It happened to be bullishexpires after 168 days September 20, 2024.This event has been moved 300 Sign a contract with $20.00 strike. To fill this particular call, we had to split it into seven different trades. The total fees received by the author(s) are: $37.7,000,the price is $125.0 per contract.there were 6096 Open contract in this strike before today and today 1009 The contract was bought and sold.
Optional Alert Terminology
– Call contract: The right to purchase shares as stated in the contract.
– Put contract: The right to sell shares as stated in the contract.
– date of expiry: When the contract expires. If you want to use it, you must act on the contract by this date.
– Premium/option price: Price of the contract.
Learn more about. A guide to understanding optional alerts Or read more about optional activities outside the norm.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
Discover the power of “triple threat stocks” now.
Legendary investor Tim Melvin uncovers lesser-known “triple-threat stocks” in his Yield Report. Want to take advantage of great opportunities in both bear and bull markets? Find out if you qualify for a yield report. Get access now for just $0.99 here!
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