I am wondering if you would be open to explaining the following information in relation to the actual stock price and the projection this info will potentially take it…
(AAPL is trading at around $120.00 at time of writing this question (range 119.63 – 123.60):
• For AAPL (NASDAQ:AAPL), we notice a call option sweep that happens to be bearish, expiring in 1 day(s) on March 5, 2021. This event was a transfer of 915 contract(s) at a $123.00 strike. This particular call needed to be split into 12 different trades to become filled. The total cost received by the writing party (or parties) was $51.2K, with a price of $56.0 per contract. There were 15290 open contracts at this strike prior to today, and today 59530 contract(s) were bought and sold.
(PYPL is trading at around $238.00 at time of writing this question (range 236.44 – 254.80):
• Regarding PYPL (NASDAQ:PYPL), we observe a put option sweep with bullish sentiment. It expires in 1 day(s) on March 5, 2021. Parties traded 331 contract(s) at a $240.00 strike. This particular put needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $81.8K, with a price of $250.0 per contract. There were 685 open contracts at this strike prior to today, and today 808 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.
I should take a course or read a book on options but maybe you could provide some guidance till I have the time and find the right book (primer).