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 often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels.
Below are some instances of options activity happening in the Health Care sector:
Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
---|---|---|---|---|---|---|---|---|
CVS | PUT | SWEEP | BULLISH | 01/26/24 | $74.00 | $60.8K | 3.6K | 2.0K |
NVAX | PUT | SWEEP | BULLISH | 09/20/24 | $4.00 | $64.4K | 0 | 1.6K |
ABT | PUT | TRADE | BULLISH | 01/17/25 | $95.00 | $173.5K | 1.8K | 650 |
LQDA | PUT | SWEEP | BEARISH | 02/16/24 | $12.50 | $45.0K | 750 | 542 |
VRTX | PUT | TRADE | BEARISH | 02/16/24 | $425.00 | $420.0K | 0 | 500 |
CRNX | PUT | SWEEP | BEARISH | 06/21/24 | $40.00 | $96.5K | 20 | 136 |
ISRG | PUT | SWEEP | BEARISH | 01/17/25 | $360.00 | $66.0K | 128 | 20 |
MRNA | PUT | SWEEP | BEARISH | 01/17/25 | $125.00 | $67.8K | 1.3K | 20 |
JNJ | CALL | TRADE | BULLISH | 01/16/26 | $100.00 | $55.3K | 18 | 13 |
LLY | CALL | TRADE | BULLISH | 01/17/25 | $700.00 | $38.2K | 560 | 12 |
Explanation
These itemized elaborations have been created using the accompanying table.
• Regarding CVS CVS, we observe a put option sweep with bullish sentiment. It expires in 3 day(s) on January 26, 2024. Parties traded 1106 contract(s) at a $74.00 strike. This particular put needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was $60.8K, with a price of $55.0 per contract. There were 3686 open contracts at this strike prior to today, and today 2062 contract(s) were bought and sold.
• For NVAX NVAX, we notice a put option sweep that happens to be bullish, expiring in 241 day(s) on September 20, 2024. This event was a transfer of 581 contract(s) at a $4.00 strike. This particular put needed to be split into 16 different trades to become filled. The total cost received by the writing party (or parties) was $64.4K, with a price of $111.0 per contract. There were 0 open contracts at this strike prior to today, and today 1673 contract(s) were bought and sold.
• For ABT ABT, we notice a put option trade that happens to be bullish, expiring in 360 day(s) on January 17, 2025. This event was a transfer of 650 contract(s) at a $95.00 strike. The total cost received by the writing party (or parties) was $173.5K, with a price of $267.0 per contract. There were 1890 open contracts at this strike prior to today, and today 650 contract(s) were bought and sold.
• For LQDA LQDA, we notice a put option sweep that happens to be bearish, expiring in 24 day(s) on February 16, 2024. This event was a transfer of 500 contract(s) at a $12.50 strike. This particular put needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $45.0K, with a price of $90.0 per contract. There were 750 open contracts at this strike prior to today, and today 542 contract(s) were bought and sold.
• For VRTX VRTX, we notice a put option trade that happens to be bearish, expiring in 24 day(s) on February 16, 2024. This event was a transfer of 500 contract(s) at a $425.00 strike. The total cost received by the writing party (or parties) was $420.0K, with a price of $840.0 per contract. There were 0 open contracts at this strike prior to today, and today 500 contract(s) were bought and sold.
• For CRNX CRNX, we notice a put option sweep that happens to be bearish, expiring in 150 day(s) on June 21, 2024. This event was a transfer of 136 contract(s) at a $40.00 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 $96.5K, with a price of $710.0 per contract. There were 20 open contracts at this strike prior to today, and today 136 contract(s) were bought and sold.
• For ISRG ISRG, we notice a put option sweep that happens to be bearish, expiring in 360 day(s) on January 17, 2025. This event was a transfer of 20 contract(s) at a $360.00 strike. This particular put needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $66.0K, with a price of $3300.0 per contract. There were 128 open contracts at this strike prior to today, and today 20 contract(s) were bought and sold.
• For MRNA MRNA, we notice a put option sweep that happens to be bearish, expiring in 360 day(s) on January 17, 2025. This event was a transfer of 20 contract(s) at a $125.00 strike. This particular put needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $67.8K, with a price of $3370.0 per contract. There were 1394 open contracts at this strike prior to today, and today 20 contract(s) were bought and sold.
• For JNJ JNJ, we notice a call option trade that happens to be bullish, expiring in 724 day(s) on January 16, 2026. This event was a transfer of 9 contract(s) at a $100.00 strike. The total cost received by the writing party (or parties) was $55.3K, with a price of $6150.0 per contract. There were 18 open contracts at this strike prior to today, and today 13 contract(s) were bought and sold.
• For LLY LLY, we notice a call option trade that happens to be bullish, expiring in 360 day(s) on January 17, 2025. This event was a transfer of 7 contract(s) at a $700.00 strike. The total cost received by the writing party (or parties) was $38.2K, with a price of $5470.0 per contract. There were 560 open contracts at this strike prior to today, and today 12 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, visit our Guide to Understanding Options Alerts or read more news on unusual options activity.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.