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This whale signal can help traders find the next big trading opportunities.
Whales are big money entities and we track their transactions here at Benzinga on our options activity scanner.
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Traders often look for circumstances where the market valuation of an option deviates from its normal value. Unusual amounts of trading activity could push option prices to hyperbolic or underperforming levels.
Below are some examples of options activity occurring in the information technology sector:
| Symbol | PUT/CALL | Trade type | moods | Exp. Date | Strike Price | Total trade price | Open interest | Sound volume |
|---|---|---|---|---|---|---|---|---|
| NVDA | I PUT | SWEEP | NEUTRAL | 04/12/24 | $885.00 | $59.6K | 5.5K | 38.2K |
| SEDG | I PUT | SWEEP | BEARS | 05/17/24 | $65.00 | 104.7 thousand dollars | 667 | 3.0K |
| MARA | I PUT | SWEEP | BEARS | 04/19/24 | $16.00 | 58.2 thousand dollars | 8.0K | 1.8K |
| SNOW | I PUT | SWEEP | NEUTRAL | 04/19/24 | $155.00 | 26.5 thousand dollars | 2.5K | 800 |
| ENPH | I PUT | TRADE | BEARS | 04/12/24 | $120.00 | 25.2 thousand dollars | 477 | 693 |
| CLSK | I PUT | TRADE | NEUTRAL | 17.01.25 | $25.00 | $701.4 thousand | 142 | 501 |
| MSFT | I PUT | SWEEP | BEARS | 04/26/24 | $400.00 | 44.4 thousand dollars | 1.5K | 392 |
| ZS | CALL | TRADE | WHIP | 09/20/24 | $180.00 | 39.8 thousand dollars | 57 | 386 |
| AMD | I PUT | SWEEP | BEARS | 21.06.24 | $135.00 | 81.2 thousand dollars | 3.9K | 313 |
| AI | CALL | SWEEP | BEARS | 18.10.24 | $35.00 | 31.2 thousand dollars | 281 | 250 |
Explanation
These bullet-by-bullet explanations are compiled using the accompanying table.
• For NVDA (NASDAQ:NVDA), we notice a I put option swept away it happens to be neutral, expires today. The sides trade 150 contract(s) at a $885.00 strike. This particular put had to be split into 8 different trades to be executed. The total costs received by the writing party (or parties) were $59.6Kwith a price of 395.0 dollars of contract. There was 5545 open contracts in this strike before today and today 38223 contract(s) were bought and sold.
• About SEDG (NASDAQ:SEDG), we observe a I put option swept away with bears moods. Expires after 35 days on May 17, 2024. The sides trade 136 contract(s) at a $65.00 strike. This particular put had to be split into 7 different trades to be executed. The total costs received by the writing party (or parties) were 104.7 thousand dollarswith a price of $770.0 of contract. There was 667 open contracts in this strike before today and today 3066 contract(s) were bought and sold.
• For MARA (NASDAQ: MARA ), we notice a I put option swept away it happens to be bearsexpiring after 7 days of April 19, 2024. This event was a transfer of 756 contract(s) at a $16.00 strike. This particular put had to be split into 35 different trades to execute. The total costs received by the writing party (or parties) were 58.2 thousand dollarswith a price of $77.0 of contract. There was 8036 open contracts in this strike before today and today 1880 contract(s) were bought and sold.
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• About SNOW (NYSE: SNOW), we observe a I put option swept away with neutral moods. Expires in 7 days on April 19, 2024. The sides trade 120 contract(s) at a $155.00 strike. This particular put had to be split into 9 different trades to be executed. The total costs received by the writing party (or parties) were 26.5 thousand dollarswith a price of 222.0 dollars of contract. There was 2513 open contracts in this strike before today and today 800 contract(s) were bought and sold.
• For ENPH (NASDAQ: ENPH ), we notice a I put option trade it happens to be bears, expires today. The sides trade 70 contract(s) at a $120.00 strike. The total costs received by the writing party (or parties) were 25.2 thousand dollarswith a price of 360.0 dollars of contract. There was 477 open contracts in this strike before today and today 693 contract(s) were bought and sold.
• About CLSK (NASDAQ:CLSK), we observe a I put option trade with neutral moods. Expires after 280 days of January 17, 2025. The sides trade 494 contract(s) at a $25.00 strike. The total costs received by the writing party (or parties) were $701.4 thousandwith a price of 1420.0 dollars of contract. There was 142 open contracts in this strike before today and today 501 contract(s) were bought and sold.
• For MSFT (NASDAQ: MSFT ), we notice a I put option swept away it happens to be bearsexpiring after 14 days of April 26, 2024. This event was a transfer of 107 contract(s) at a $400.00 strike. This particular put had to be split into 22 different trades to be executed. The total costs received by the writing party (or parties) were 44.4 thousand dollarswith a price of $415.0 of contract. There was 1546 open contracts in this strike before today and today 392 contract(s) were bought and sold.
• About ZS (NASDAQ:ZS), we observe a call option trade with bulls moods. Expires after 161 days on September 20, 2024. The sides trade 16 contract(s) at a $180.00 strike. The total costs received by the writing party (or parties) were 39.8 thousand dollarswith a price of $2,490.0 of contract. There was 57 open contracts in this strike before today and today 386 contract(s) were bought and sold.
• For AMD (NASDAQ: AMD ), we notice a I put option swept away it happens to be bearsexpiring after 70 days of June 21, 2024. This event was a transfer of 250 contract(s) at a $135.00 strike. This particular put had to be split into 18 different trades to be executed. The total costs received by the writing party (or parties) were 81.2 thousand dollarswith a price of 325.0 dollars of contract. There was 3954 open contracts in this strike before today and today 313 contract(s) were bought and sold.
• About AI (NYSE:AI), we observe a call option swept away with bears moods. Expires after 189 days on October 18, 2024. The sides trade 214 contract(s) at a $35.00 strike. This particular call had to be split into 9 different trades to execute. The total costs received by the writing party (or parties) were 31.2 thousand dollarswith a price of $146.0 of contract. There was 281 open contracts in this strike before today and today 250 contract(s) were bought and sold.
Option Warning Terminology
– Call contracts: Right to purchase shares as specified in the contract.
– Place contracts: Right to sell shares as specified in the contract.
– Expiry date: When the contract expires. One must act on the contract by that date if one wishes to use it.
– Premium/Option Price: The price of the contract.
For more information visit our A guide to understanding option warnings or read more news about unusual options.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
Discover the Power of “Triple Threat Stocks” Today!
Legendary investor, Tim Melvin, discovers unusual “triple threat stocks” in his Earnings Report. Want a shot at beautiful opportunities in both bear and bull markets? See if you qualify for the income statement. Access for only $0.99 here right NOW!
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