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 Health Care sector:
Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
---|---|---|---|---|---|---|---|---|
MRNA | PUT | SWEEP | BEARISH | 04/12/24 | $114.00 | $45.4K | 14 | 1.3K |
EXAS | CALL | TRADE | BEARISH | 01/17/25 | $57.50 | $231.0K | 1.2K | 568 |
LLY | PUT | SWEEP | BEARISH | 04/12/24 | $740.00 | $92.6K | 476 | 565 |
GILD | PUT | SWEEP | BULLISH | 01/17/25 | $70.00 | $292.5K | 2.3K | 526 |
ANNX | CALL | SWEEP | BULLISH | 07/19/24 | $7.50 | $113.0K | 12.3K | 505 |
JNJ | PUT | SWEEP | BULLISH | 04/19/24 | $152.50 | $42.7K | 2.2K | 396 |
COR | CALL | SWEEP | BEARISH | 05/17/24 | $240.00 | $82.9K | 431 | 276 |
NVAX | PUT | TRADE | BEARISH | 10/18/24 | $10.00 | $25.3K | 0 | 182 |
ALNY | CALL | TRADE | BULLISH | 07/19/24 | $200.00 | $25.0K | 22 | 25 |
BIIB | PUT | TRADE | BULLISH | 01/17/25 | $195.00 | $26.1K | 27 | 20 |
Explanation
These bullet-by-bullet explanations have been constructed using the accompanying table.
• For MRNA MRNA, we notice a put option sweep that happens to be bearish, expiring in 3 day(s) on April 12, 2024. This event was a transfer of 101 contract(s) at a $114.00 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 $45.4K, with a price of $450.0 per contract. There were 14 open contracts at this strike prior to today, and today 1362 contract(s) were bought and sold.
• Regarding EXAS EXAS, we observe a call option trade with bearish sentiment. It expires in 283 day(s) on January 17, 2025. Parties traded 100 contract(s) at a $57.50 strike. The total cost received by the writing party (or parties) was $231.0K, with a price of $2310.0 per contract. There were 1271 open contracts at this strike prior to today, and today 568 contract(s) were bought and sold.
• For LLY LLY, we notice a put option sweep that happens to be bearish, expiring in 3 day(s) on April 12, 2024. This event was a transfer of 299 contract(s) at a $740.00 strike. This particular put needed to be split into 40 different trades to become filled. The total cost received by the writing party (or parties) was $92.6K, with a price of $310.0 per contract. There were 476 open contracts at this strike prior to today, and today 565 contract(s) were bought and sold.
• For GILD GILD, we notice a put option sweep that happens to be bullish, expiring in 283 day(s) on January 17, 2025. This event was a transfer of 500 contract(s) at a $70.00 strike. This particular put needed to be split into 26 different trades to become filled. The total cost received by the writing party (or parties) was $292.5K, with a price of $585.0 per contract. There were 2303 open contracts at this strike prior to today, and today 526 contract(s) were bought and sold.
• Regarding ANNX ANNX, we observe a call option sweep with bullish sentiment. It expires in 101 day(s) on July 19, 2024. Parties traded 481 contract(s) at a $7.50 strike. This particular call needed to be split into 39 different trades to become filled. The total cost received by the writing party (or parties) was $113.0K, with a price of $235.0 per contract. There were 12395 open contracts at this strike prior to today, and today 505 contract(s) were bought and sold.
• For JNJ JNJ, we notice a put option sweep that happens to be bullish, expiring in 10 day(s) on April 19, 2024. This event was a transfer of 196 contract(s) at a $152.50 strike. This particular put needed to be split into 46 different trades to become filled. The total cost received by the writing party (or parties) was $42.7K, with a price of $218.0 per contract. There were 2200 open contracts at this strike prior to today, and today 396 contract(s) were bought and sold.
• For COR COR, we notice a call option sweep that happens to be bearish, expiring in 38 day(s) on May 17, 2024. This event was a transfer of 143 contract(s) at a $240.00 strike. This particular call needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was $82.9K, with a price of $580.0 per contract. There were 431 open contracts at this strike prior to today, and today 276 contract(s) were bought and sold.
• Regarding NVAX NVAX, we observe a put option trade with bearish sentiment. It expires in 192 day(s) on October 18, 2024. Parties traded 44 contract(s) at a $10.00 strike. The total cost received by the writing party (or parties) was $25.3K, with a price of $575.0 per contract. There were 0 open contracts at this strike prior to today, and today 182 contract(s) were bought and sold.
• Regarding ALNY ALNY, we observe a call option trade with bullish sentiment. It expires in 101 day(s) on July 19, 2024. Parties traded 25 contract(s) at a $200.00 strike. The total cost received by the writing party (or parties) was $25.0K, with a price of $1000.0 per contract. There were 22 open contracts at this strike prior to today, and today 25 contract(s) were bought and sold.
• For BIIB BIIB, we notice a put option trade that happens to be bullish, expiring in 283 day(s) on January 17, 2025. This event was a transfer of 20 contract(s) at a $195.00 strike. The total cost received by the writing party (or parties) was $26.1K, with a price of $1306.0 per contract. There were 27 open contracts at this strike prior to today, and today 20 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 about 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.
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