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The article reports on the recent options activity in the Information Technology sector. It highlights the trading activities of large entities, known as 'whales', in several IT stocks including NVDA, INTC, STX, NTAP, AVGO, MU, MSFT, AAPL, AMD, and SNOW. The article provides detailed information about the type of options traded (call or put), the sentiment (bullish, bearish, or neutral), the expiration date, the strike price, and the total trade price.

Portfolio Pulse from Benzinga Insights

July 26, 2023 | 5:35 pm

PEP

Unusual options activity has been observed for PepsiCo (NASDAQ:PEP), with a large bullish position appearing on publicly available options history. Benzinga's options scanner spotted 11 options trades for PepsiCo, with 81% bullish sentiment and 18% bearish. The price range targeted by these 'whales' over the last 3 months is from $130.0 to $195.0. The price of PEP is currently up 0.22% at $191.78. Several financial institutions have maintained their positive ratings on PepsiCo, with price targets ranging from $195 to $212.

Portfolio Pulse from Benzinga Insights

July 26, 2023 | 5:31 pm

LULU

Lululemon Athletica (NASDAQ:LULU) has outperformed the market over the past 10 years by 8.07% on an annualized basis, producing an average annual return of 18.49%. If an investor had bought $1000 of LULU stock 10 years ago, it would be worth $5,497.10 today.

Portfolio Pulse from Benzinga Insights

July 26, 2023 | 5:30 pm

TMUS

T-Mobile US (NASDAQ:TMUS) has outperformed the market over the past 10 years, producing an average annual return of 19.48%. If an investor had bought $1000 of TMUS stock 10 years ago, it would be worth $5,891.40 today.

Portfolio Pulse from Benzinga Insights

July 26, 2023 | 5:30 pm

PDD

PDD Holdings has an option alert for Sep 15 $90 calls sweep near the ask with 635 @ $5.75 versus 3331 open interest. The company's earnings are expected on 8/28 before the market opens. The reference price is $85.33.

Portfolio Pulse from Charles Gross

July 26, 2023 | 5:06 pm

PFE

A large investor has taken a bullish stance on Pfizer (NYSE:PFE), as evidenced by a significant position in the company's options. The sentiment among these big-money traders is split evenly between bullish and bearish. The price target for Pfizer over the last three months, based on volume and open interest, ranges from $20.0 to $40.0. Various financial institutions have given different ratings and price targets for Pfizer.

Portfolio Pulse from Benzinga Insights

July 26, 2023 | 5:02 pm

T

A significant amount of bearish options activity has been observed for AT&T (NYSE:T), with 83% of investors opening trades with bearish expectations. The majority of the trades are puts, totaling $934,895, compared to $235,430 in calls. Whales have been targeting a price range from $13.0 to $20.0 for AT&T over the last 3 months. The current price of AT&T is $14.9, up 0.71%. Analysts from Wells Fargo, Citigroup, Deutsche Bank, Barclays, and JP Morgan have maintained their ratings on AT&T, with price targets ranging from $17 to $22.

Portfolio Pulse from Benzinga Insights

July 26, 2023 | 5:02 pm

NSC

Norfolk Southern (NYSE:NSC) has outperformed the market over the past 10 years, producing an average annual return of 12.43%. If an investor had bought $1000 of NSC stock 10 years ago, it would be worth $3,212.97 today. The company currently has a market capitalization of $54.02 billion.

Portfolio Pulse from Benzinga Insights

July 26, 2023 | 5:00 pm

CRM

A significant amount of unusual options activity has been observed for Salesforce (NYSE:CRM), indicating a bullish stance by a large investor or institution. The overall sentiment of these big-money traders is split between 54% bullish and 45% bearish. The price target for Salesforce over the last 3 months has been between $200.0 to $340.0. Several financial institutions have maintained their Buy or Outperform ratings on Salesforce, with price targets ranging from $250 to $260.

Portfolio Pulse from Benzinga Insights

July 26, 2023 | 4:31 pm

COST

Unusual options activity has been observed for Costco Wholesale (NASDAQ:COST), with a bearish stance taken by a large investor. The overall sentiment of these big-money traders is split between 45% bullish and 54% bearish. The whales have been targeting a price range from $435.0 to $560.0 for Costco Wholesale over the last 3 months. The price of COST is up 0.11% at $565.82. Baird, Telsey Advisory Group, and Oppenheimer maintain their Outperform rating on Costco Wholesale, while Citigroup downgraded its action to Neutral.

Portfolio Pulse from Benzinga Insights

July 26, 2023 | 4:31 pm