Whale Alert Signals Major Moves in Six IT Stocks

Whale alert! Benzinga’s options activity scanner has flagged significant trades in six information technology stocks, potentially revealing the next big trading opportunities. Whales, entities with substantial financial clout, often move markets, and their transactions can signal bullish or bearish sentiment.

The biggest move was in NVIDIA (NVDA), with a bullish call option trade for 176 contracts at a $250 strike, expiring on January 15, 2027. The total cost was $314.5K, with 1,255 contracts traded today. Meanwhile, Taiwan Semiconductor (TSM) saw a bearish call option trade for 15 contracts at the same strike, expiring on the same date, with a total cost of $105.7K.

Other notable trades include a bullish call on Iren (IREN) for 15 contracts at an $85 strike, expiring in January 2028, costing $45.7K. Canadian Solar (CSIQ) also saw a bullish call for 30 contracts at a $5 strike, expiring in January 2028, with a total cost of $63.7K. Palantir (PLTR) had a bullish put option for 10 contracts at a $190 strike, expiring in January 2027, costing $51.2K. Microsoft (MSFT) rounded out the list with a bullish call for 6 contracts at a $520 strike, expiring in June 2027, costing $42.4K.

Traders watch for these whale alerts because they can indicate where big money is moving next. However, option prices can sometimes be exaggerated or underestimated due to high trading activity, so caution is advised.