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This whale alert can assist traders in identifying the next big trading opportunities.
Whales are entities with substantial capital, and we monitor their transactions here at Benzinga on our options activity scanner.
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Traders look for instances where the market value of an option significantly diverges from its intrinsic value. High levels of trading activity can drive option prices to inflated or undervalued levels.
Here is the list of options activity taking place in today’s session:
Explanation
The following detailed explanations have been compiled based on the accompanying table.
– For AAPL (NASDAQ: AAPL), we observe a call option sweep that is bearish, expiring in 7 days on April 5, 2024. This event involved a transfer of 222 contracts at a $172.50 strike. This particular call required 11 different trades to be filled, with a total premium of $30.9K received by the writing party. There were 8427 open contracts at this strike prior to today, with 49574 contracts being bought and sold today.
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FAQ (Frequently Asked Questions)
Q: What are call contracts?
A: Call contracts give the holder the right to buy shares as specified in the contract.
Q: What are put contracts?
A: Put contracts give the holder the right to sell shares as specified in the contract.
Q: What is an expiration date?
A: An expiration date is when the contract expires. Action must be taken on the contract by this date if it is to be utilized.
Q: What is Premium/Option Price?
A: Premium/Option Price refers to the price of the contract.