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
NVDA CALL SWEEP BULLISH 06/03/26 $225.00 $45.5K 23.3K 93.5K
PLTR CALL SWEEP BEARISH 06/05/26 $152.50 $53.5K 2.0K 11.2K
MU CALL TRADE BULLISH 06/05/26 $1050.00 $38.4K 2.7K 9.4K
STM CALL TRADE BULLISH 06/18/26 $70.00 $27.3K 15.2K 5.6K
MRVL PUT SWEEP BEARISH 06/18/26 $220.00 $55.0K 2.5K 2.9K
SMCI CALL SWEEP NEUTRAL 07/17/26 $60.00 $35.1K 13.1K 2.8K
PGY CALL SWEEP BEARISH 11/20/26 $18.00 $127.5K 4.0K 2.4K
IREN CALL TRADE BEARISH 06/18/26 $65.00 $53.8K 12.0K 2.2K
INTC PUT TRADE BEARISH 06/05/26 $106.00 $106.5K 1.2K 2.0K
AMD CALL TRADE NEUTRAL 06/05/26 $517.50 $32.5K 1.6K 1.8K

Explanation

These itemized elaborations have been created using the accompanying table.

• For NVDA (NASDAQ:NVDA), we notice a call option sweep that happens to be bullish, expiring in 1 day(s) on June 3, 2026. This event was a transfer of 250 contract(s) at a $225.00 strike. This particular call needed to be split into 13 different trades to become filled. The total cost received by the writing party (or parties) was $45.5K, with a price of $182.0 per contract. There were 23319 open contracts at this strike prior to today, and today 93588 contract(s) were bought and sold.

• For PLTR (NASDAQ:PLTR), we notice a call option sweep that happens to be bearish, expiring in 3 day(s) on June 5, 2026. This event was a transfer of 137 contract(s) at a $152.50 strike. This particular call needed to be split into 8 different trades to become filled. The total cost received by the writing party (or parties) was $53.5K, with a price of $392.0 per contract. There were 2008 open contracts at this strike prior to today, and today 11229 contract(s) were bought and sold.

• Regarding MU (NASDAQ:MU), we observe a call option trade with bullish sentiment. It expires in 3 day(s) on June 5, 2026. Parties traded 10 contract(s) at a $1050.00 strike. The total cost received by the writing party (or parties) was $38.4K, with a price of $3844.0 per contract. There were 2711 open contracts at this strike prior to today, and today 9426 contract(s) were bought and sold.

• For STM (NYSE:STM), we notice a call option trade that happens to be bullish, expiring in 16 day(s) on June 18, 2026. This event was a transfer of 25 contract(s) at a $70.00 strike. The total cost received by the writing party (or parties) was $27.3K, with a price of $1095.0 per contract. There were 15291 open contracts at this strike prior to today, and today 5620 contract(s) were bought and sold.

• Regarding MRVL (NASDAQ:MRVL), we observe a put option sweep with bearish sentiment. It expires in 16 day(s) on June 18, 2026. Parties traded 151 contract(s) at a $220.00 strike. This particular put needed to be split into 14 different trades to become filled. The total cost received by the writing party (or parties) was $55.0K, with a price of $360.0 per contract. There were 2582 open contracts at this strike prior to today, and today 2918 contract(s) were bought and sold.

• Regarding SMCI (NASDAQ:SMCI), we observe a call option sweep with neutral sentiment. It expires in 45 day(s) on July 17, 2026. Parties traded 117 contract(s) at a $60.00 strike. This particular call needed to be split into 14 different trades to become filled. The total cost received by the writing party (or parties) was $35.1K, with a price of $300.0 per contract. There were 13140 open contracts at this strike prior to today, and today 2897 contract(s) were bought and sold.

• Regarding PGY (NASDAQ:PGY), we observe a call option sweep with bearish sentiment. It expires in 171 day(s) on November 20, 2026. Parties traded 500 contract(s) at a $18.00 strike. This particular call needed to be split into 16 different trades to become filled. The total cost received by the writing party (or parties) was $127.5K, with a price of $255.0 per contract. There were 4060 open contracts at this strike prior to today, and today 2407 contract(s) were bought and sold.

• Regarding IREN (NASDAQ:IREN), we observe a call option trade with bearish sentiment. It expires in 16 day(s) on June 18, 2026. Parties traded 70 contract(s) at a $65.00 strike. The total cost received by the writing party (or parties) was $53.8K, with a price of $769.0 per contract. There were 12050 open contracts at this strike prior to today, and today 2200 contract(s) were bought and sold.

• Regarding INTC (NASDAQ:INTC), we observe a put option trade with bearish sentiment. It expires in 3 day(s) on June 5, 2026. Parties traded 300 contract(s) at a $106.00 strike. The total cost received by the writing party (or parties) was $106.5K, with a price of $355.0 per contract. There were 1238 open contracts at this strike prior to today, and today 2089 contract(s) were bought and sold.

• For AMD (NASDAQ:AMD), we notice a call option trade that happens to be neutral, expiring in 3 day(s) on June 5, 2026. This event was a transfer of 25 contract(s) at a $517.50 strike. The total cost received by the writing party (or parties) was $32.5K, with a price of $1302.0 per contract. There were 1681 open contracts at this strike prior to today, and today 1809 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.