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.

Below are some instances of options activity happening in the Information Technology sector:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
PLTR CALL TRADE BULLISH 12/15/28 $200.00 $46.5K 2.0K 1.0K
NOK PUT SWEEP BULLISH 12/18/26 $9.00 $115.7K 1.0K 1.0K
MU CALL SWEEP BEARISH 01/15/27 $550.00 $31.4K 5.9K 385
CORZ CALL TRADE NEUTRAL 01/21/28 $27.00 $158.4K 3.5K 283
HPQ PUT TRADE BEARISH 01/15/27 $20.00 $35.1K 2.7K 219
TSM PUT SWEEP BEARISH 10/16/26 $320.00 $28.8K 425 133
U CALL SWEEP BEARISH 01/21/28 $30.00 $82.7K 3.8K 102
APLD CALL TRADE BULLISH 01/15/27 $10.00 $31.9K 9.4K 76
AVGO CALL SWEEP BULLISH 01/15/27 $300.00 $48.0K 3.7K 72
ALAB CALL SWEEP BULLISH 01/15/27 $150.00 $90.0K 1.4K 66

Explanation

These itemized elaborations have been created using the accompanying table.

• For PLTR (NASDAQ:PLTR), we notice a call option trade that happens to be bullish, expiring in 815 day(s) on December 15, 2028. This event was a transfer of 12 contract(s) at a $200.00 strike. The total cost received by the writing party (or parties) was $46.5K, with a price of $3875.0 per contract. There were 2007 open contracts at this strike prior to today, and today 1087 contract(s) were bought and sold.

• For NOK (NYSE:NOK), we notice a put option sweep that happens to be bullish, expiring in 87 day(s) on December 18, 2026. This event was a transfer of 973 contract(s) at a $9.00 strike. This particular put needed to be split into 15 different trades to become filled. The total cost received by the writing party (or parties) was $115.7K, with a price of $119.0 per contract. There were 1029 open contracts at this strike prior to today, and today 1033 contract(s) were bought and sold.

• For MU (NASDAQ:MU), we notice a call option sweep that happens to be bearish, expiring in 115 day(s) on January 15, 2027. This event was a transfer of 4 contract(s) at a $550.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $31.4K, with a price of $7875.0 per contract. There were 5918 open contracts at this strike prior to today, and today 385 contract(s) were bought and sold.

• Regarding CORZ (NASDAQ:CORZ), we observe a call option trade with neutral sentiment. It expires in 486 day(s) on January 21, 2028. Parties traded 283 contract(s) at a $27.00 strike. The total cost received by the writing party (or parties) was $158.4K, with a price of $560.0 per contract. There were 3518 open contracts at this strike prior to today, and today 283 contract(s) were bought and sold.

• For HPQ (NYSE:HPQ), we notice a put option trade that happens to be bearish, expiring in 115 day(s) on January 15, 2027. This event was a transfer of 99 contract(s) at a $20.00 strike. The total cost received by the writing party (or parties) was $35.1K, with a price of $355.0 per contract. There were 2717 open contracts at this strike prior to today, and today 219 contract(s) were bought and sold.

• For TSM (NYSE:TSM), we notice a put option sweep that happens to be bearish, expiring in 24 day(s) on October 16, 2026. This event was a transfer of 15 contract(s) at a $320.00 strike. This particular put needed to be split into 15 different trades to become filled. The total cost received by the writing party (or parties) was $28.8K, with a price of $1920.0 per contract. There were 425 open contracts at this strike prior to today, and today 133 contract(s) were bought and sold.

• For U (NYSE:U), we notice a call option sweep that happens to be bearish, expiring in 486 day(s) on January 21, 2028. This event was a transfer of 100 contract(s) at a $30.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $82.7K, with a price of $825.0 per contract. There were 3800 open contracts at this strike prior to today, and today 102 contract(s) were bought and sold.

• For APLD (NASDAQ:APLD), we notice a call option trade that happens to be bullish, expiring in 115 day(s) on January 15, 2027. This event was a transfer of 15 contract(s) at a $10.00 strike. The total cost received by the writing party (or parties) was $31.9K, with a price of $2130.0 per contract. There were 9421 open contracts at this strike prior to today, and today 76 contract(s) were bought and sold.

• Regarding AVGO (NASDAQ:AVGO), we observe a call option sweep with bullish sentiment. It expires in 115 day(s) on January 15, 2027. Parties traded 4 contract(s) at a $300.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $48.0K, with a price of $12000.0 per contract. There were 3726 open contracts at this strike prior to today, and today 72 contract(s) were bought and sold.

• For ALAB (NASDAQ:ALAB), we notice a call option sweep that happens to be bullish, expiring in 115 day(s) on January 15, 2027. This event was a transfer of 15 contract(s) at a $150.00 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 $90.0K, with a price of $6000.0 per contract. There were 1422 open contracts at this strike prior to today, and today 66 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, read more about unusual options activity.

This article was generated by Benzinga's automated content engine and reviewed by an editor.