10 Information Technology Stocks Whale Activity In Today’s Session – Microsoft (NASDAQ:MSFT), NVIDIA (NASDAQ:NVDA), VMware (NYSE:VMW), CrowdStrike Holdings (NASDAQ:CRWD), Snowflake (NYSE:SNOW), Super Micro Computer (NASDAQ:SMCI), Advanced Micro Devices (NASDAQ:AMD), Splunk (NASDAQ:SPLK), Marvell Tech (NASDAQ:MRVL), Palantir Technologies (NYSE:PLTR)

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 will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated 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
NVDA CALL SWEEP BEARISH 08/25/23 $490.00 $49.3K 9.1K 50.8K
PLTR CALL SWEEP BEARISH 09/01/23 $14.00 $48.0K 869 4.1K
SNOW CALL SWEEP BULLISH 08/25/23 $150.00 $27.0K 1.1K 3.7K
MSFT CALL SWEEP BEARISH 09/01/23 $340.00 $35.6K 2.7K 2.2K
AMD CALL TRADE BULLISH 01/19/24 $115.00 $43.0K 19.8K 1.1K
MRVL CALL SWEEP BEARISH 09/15/23 $62.50 $29.8K 4.3K 1.0K
CRWD CALL SWEEP BULLISH 09/01/23 $155.00 $40.5K 1.8K 574
VMW PUT TRADE BULLISH 10/20/23 $165.00 $575.0K 2.0K 505
SMCI PUT SWEEP BEARISH 08/25/23 $265.00 $25.8K 288 449
SPLK PUT SWEEP NEUTRAL 01/19/24 $110.00 $60.9K 404 411

Explanation

These bullet-by-bullet explanations have been constructed using the accompanying table.

• For NVDA NVDA, we notice a call option sweep that happens to be bearish, expiring in 1 day(s) on August 25, 2023. This event was a transfer of 136 contract(s) at a $490.00 strike. This particular call needed to be split into 8 different trades to become filled. The total cost received by the writing party (or parties) was $49.3K, with a price of $363.0 per contract. There were 9145 open contracts at this strike prior to today, and today 50840 contract(s) were bought and sold.

• Regarding PLTR PLTR, we observe a call option sweep with bearish sentiment. It expires in 8 day(s) on September 1, 2023. Parties traded 698 contract(s) at a $14.00 strike. This particular call needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $48.0K, with a price of $68.0 per contract. There were 869 open contracts at this strike prior to today, and today 4116 contract(s) were bought and sold.

• For SNOW SNOW, we notice a call option sweep that happens to be bullish, expiring in 1 day(s) on August 25, 2023. This event was a transfer of 126 contract(s) at a $150.00 strike. This particular call needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $27.0K, with a price of $215.0 per contract. There were 1193 open contracts at this strike prior to today, and today 3786 contract(s) were bought and sold.

• Regarding MSFT MSFT, we observe a call option sweep with bearish sentiment. It expires in 8 day(s) on September 1, 2023. Parties traded 713 contract(s) at a $340.00 strike. This particular call needed to be split into 12 different trades to become filled. The total cost received by the writing party (or parties) was $35.6K, with a price of $50.0 per contract. There were 2732 open contracts at this strike prior to today, and today 2236 contract(s) were bought and sold.

• For AMD AMD, we notice a call option trade that happens to be bullish, expiring in 148 day(s) on January 19, 2024. This event was a transfer of 57 contract(s) at a $115.00 strike. The total cost received by the writing party (or parties) was $43.0K, with a price of $755.0 per contract. There were 19836 open contracts at this strike prior to today, and today 1110 contract(s) were bought and sold.

• For MRVL MRVL, we notice a call option sweep that happens to be bearish, expiring in 22 day(s) on September 15, 2023. This event was a transfer of 181 contract(s) at a $62.50 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 $29.8K, with a price of $165.0 per contract. There were 4321 open contracts at this strike prior to today, and today 1019 contract(s) were bought and sold.

• For CRWD CRWD, we notice a call option sweep that happens to be bullish, expiring in 8 day(s) on September 1, 2023. This event was a transfer of 100 contract(s) at a $155.00 strike. This particular call needed to be split into 17 different trades to become filled. The total cost received by the writing party (or parties) was $40.5K, with a price of $405.0 per contract. There were 1824 open contracts at this strike prior to today, and today 574 contract(s) were bought and sold.

• For VMW VMW, we notice a put option trade that happens to be bullish, expiring in 57 day(s) on October 20, 2023. This event was a transfer of 500 contract(s) at a $165.00 strike. The total cost received by the writing party (or parties) was $575.0K, with a price of $1150.0 per contract. There were 2009 open contracts at this strike prior to today, and today 505 contract(s) were bought and sold.

• For SMCI SMCI, we notice a put option sweep that happens to be bearish, expiring in 1 day(s) on August 25, 2023. This event was a transfer of 38 contract(s) at a $265.00 strike. This particular put needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $25.8K, with a price of $680.0 per contract. There were 288 open contracts at this strike prior to today, and today 449 contract(s) were bought and sold.

• Regarding SPLK SPLK, we observe a put option sweep with neutral sentiment. It expires in 148 day(s) on January 19, 2024. Parties traded 71 contract(s) at a $110.00 strike. This particular put needed to be split into 11 different trades to become filled. The total cost received by the writing party (or parties) was $60.9K, with a price of $860.0 per contract. There were 404 open contracts at this strike prior to today, and today 411 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.