This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels.
Here's the list of options activity happening in today's session:
Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
---|---|---|---|---|---|---|---|---|
PLTR | PUT | SWEEP | BEARISH | 02/23/24 | $22.00 | $77.7K | 2.9K | 66.8K |
NVDA | CALL | SWEEP | BULLISH | 02/16/24 | $750.00 | $37.5K | 20.2K | 49.4K |
AMD | PUT | SWEEP | BEARISH | 02/16/24 | $165.00 | $55.7K | 31.0K | 27.8K |
ARM | PUT | TRADE | BULLISH | 02/16/24 | $110.00 | $30.4K | 4.0K | 14.5K |
MRVL | CALL | SWEEP | BEARISH | 02/23/24 | $72.00 | $39.6K | 4.8K | 4.1K |
MSFT | PUT | SWEEP | BULLISH | 02/16/24 | $410.00 | $86.8K | 18.0K | 3.5K |
SMCI | PUT | TRADE | BEARISH | 02/16/24 | $750.00 | $37.0K | 934 | 2.3K |
ENPH | PUT | SWEEP | BULLISH | 02/16/24 | $122.00 | $51.8K | 523 | 2.0K |
DDOG | CALL | SWEEP | BEARISH | 03/15/24 | $135.00 | $37.7K | 2.8K | 1.6K |
MU | PUT | SWEEP | BULLISH | 03/15/24 | $82.50 | $38.6K | 2.9K | 1.5K |
Explanation
These bullet-by-bullet explanations have been constructed using the accompanying table.
• Regarding PLTR (NYSE:PLTR), we observe a put option sweep with bearish sentiment. It expires in 10 day(s) on February 23, 2024. Parties traded 4293 contract(s) at a $22.00 strike. This particular put needed to be split into 18 different trades to become filled. The total cost received by the writing party (or parties) was $77.7K, with a price of $18.0 per contract. There were 2919 open contracts at this strike prior to today, and today 66854 contract(s) were bought and sold.
• For NVDA (NASDAQ:NVDA), we notice a call option sweep that happens to be bullish, expiring in 3 day(s) on February 16, 2024. This event was a transfer of 56 contract(s) at a $750.00 strike. This particular call needed to be split into 10 different trades to become filled. The total cost received by the writing party (or parties) was $37.5K, with a price of $667.0 per contract. There were 20282 open contracts at this strike prior to today, and today 49459 contract(s) were bought and sold.
• Regarding AMD (NASDAQ:AMD), we observe a put option sweep with bearish sentiment. It expires in 3 day(s) on February 16, 2024. Parties traded 488 contract(s) at a $165.00 strike. This particular put needed to be split into 46 different trades to become filled. The total cost received by the writing party (or parties) was $55.7K, with a price of $115.0 per contract. There were 31071 open contracts at this strike prior to today, and today 27859 contract(s) were bought and sold.
• For ARM (NASDAQ:ARM), we notice a put option trade that happens to be bullish, expiring in 3 day(s) on February 16, 2024. This event was a transfer of 100 contract(s) at a $110.00 strike. The total cost received by the writing party (or parties) was $30.4K, with a price of $304.0 per contract. There were 4090 open contracts at this strike prior to today, and today 14522 contract(s) were bought and sold.
• Regarding MRVL (NASDAQ:MRVL), we observe a call option sweep with bearish sentiment. It expires in 10 day(s) on February 23, 2024. Parties traded 300 contract(s) at a $72.00 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $39.6K, with a price of $132.0 per contract. There were 4834 open contracts at this strike prior to today, and today 4176 contract(s) were bought and sold.
• For MSFT (NASDAQ:MSFT), we notice a put option sweep that happens to be bullish, expiring in 3 day(s) on February 16, 2024. This event was a transfer of 167 contract(s) at a $410.00 strike. This particular put needed to be split into 28 different trades to become filled. The total cost received by the writing party (or parties) was $86.8K, with a price of $520.0 per contract. There were 18054 open contracts at this strike prior to today, and today 3561 contract(s) were bought and sold.
• For SMCI (NASDAQ:SMCI), we notice a put option trade that happens to be bearish, expiring in 3 day(s) on February 16, 2024. This event was a transfer of 20 contract(s) at a $750.00 strike. The total cost received by the writing party (or parties) was $37.0K, with a price of $1850.0 per contract. There were 934 open contracts at this strike prior to today, and today 2313 contract(s) were bought and sold.
• Regarding ENPH (NASDAQ:ENPH), we observe a put option sweep with bullish sentiment. It expires in 3 day(s) on February 16, 2024. Parties traded 200 contract(s) at a $122.00 strike. This particular put needed to be split into 10 different trades to become filled. The total cost received by the writing party (or parties) was $51.8K, with a price of $259.0 per contract. There were 523 open contracts at this strike prior to today, and today 2042 contract(s) were bought and sold.
• Regarding DDOG (NASDAQ:DDOG), we observe a call option sweep with bearish sentiment. It expires in 31 day(s) on March 15, 2024. Parties traded 77 contract(s) at a $135.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $37.7K, with a price of $490.0 per contract. There were 2887 open contracts at this strike prior to today, and today 1642 contract(s) were bought and sold.
• For MU (NASDAQ:MU), we notice a put option sweep that happens to be bullish, expiring in 31 day(s) on March 15, 2024. This event was a transfer of 112 contract(s) at a $82.50 strike. This particular put needed to be split into 22 different trades to become filled. The total cost received by the writing party (or parties) was $38.6K, with a price of $345.0 per contract. There were 2928 open contracts at this strike prior to today, and today 1540 contract(s) were bought and sold.
Options Alert Terminology
- Call Contracts: The right to buy shares as indicated in the contract.
- Put 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 one wants to use it.
- Premium/Option Price: The price of the contract.
For more information, visit our Guide to Understanding Options Alerts or read more news on unusual options activity.
This article was generated by Benzinga's automated content engine and reviewed by an editor.