Whale Activity Swells in Top Tech Stocks Amid Unusual Options Transactions

The financial community is abuzz with unusual options activity in several key information technology stocks.

According to Benzinga's options scanner, a number of large transactions have been recorded involving call options for NVDA (NASDAQ:NVDA), AAPL (NASDAQ:AAPL), INTC (NASDAQ:INTC), MU (NASDAQ:MU), IREN (NASDAQ:IREN), ORCL (NYSE:ORCL), SKHY (NASDAQ:SKHY), SNDK (NASDAQ:SNDK), CBRS (NASDAQ:CBRS), and DELL (NYSE:DELL).

Among the notable transactions, NVDA saw a call option sweep with neutral sentiment expiring in 11 days on September 18, 2026. The trade involved 255 contracts at a $240 strike price, with a total cost of $57.1K and an open interest of 76.0K.

In contrast, IREN's call option sweep was bullish, expiring in 11 days on September 18, 2026, with 1026 contracts traded at a $50 strike price, resulting in a total cost of $122.1K and an open interest of 27.7K.

The unusual activity in these stocks has caught the attention of traders, who are looking to capitalize on potential market movements. However, it's essential for investors to exercise caution when interpreting such data, as it may not necessarily translate into actual price movements.