Benzinga's Options Scanner Uncovers Whale Activity in Tech Stocks

Traders seeking opportunities in the Information Technology sector may find insights from recent option activity tracked by Benzinga's options scanner. The tracker monitors large transactions, or 'whale activity,' to identify potential trading opportunities.

The analysis reveals several stocks with notable whale activity: Apple (AAPL), Palantir Technologies (PLTR), Oracle (ORCL), Riot Blockchain (RIOT), CIFR, AMD, NOK, ARM, AVGO, and AMAT. These companies have seen significant option trades in the past few days.

For example, a bullish put option sweep on PLTR, expiring today at $167.50, saw 353 contracts traded with a total cost of $26.8K. In contrast, a bearish call option sweep on AAPL, also expiring today at $335.00, involved 814 contracts and a total cost of $28.8K.

The data suggests that traders are placing bets on various stocks, potentially influencing market prices. However, it's essential to note that whale activity can be unpredictable, and these trades do not necessarily guarantee future price movements.