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 | BULLISH | 05/17/24 | $122.00 | $36.6K | 148 | 2.3K |
ALNY | PUT | SWEEP | BEARISH | 07/19/24 | $140.00 | $26.5K | 405 | 390 |
HUM | CALL | TRADE | BULLISH | 05/17/24 | $340.00 | $33.8K | 361 | 352 |
MCK | PUT | SWEEP | BEARISH | 05/17/24 | $555.00 | $46.9K | 1 | 260 |
CORT | CALL | SWEEP | BEARISH | 06/21/24 | $22.00 | $69.3K | 7 | 186 |
NVO | CALL | SWEEP | BULLISH | 06/21/24 | $135.00 | $45.5K | 3.5K | 74 |
BMY | PUT | TRADE | BEARISH | 06/21/24 | $49.00 | $25.2K | 1.2K | 60 |
THC | PUT | SWEEP | NEUTRAL | 08/16/24 | $120.00 | $28.9K | 26 | 50 |
BLUE | PUT | SWEEP | BULLISH | 01/17/25 | $15.00 | $68.8K | 101 | 50 |
PODD | CALL | SWEEP | BULLISH | 06/21/24 | $170.00 | $28.7K | 70 | 39 |
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 bullish, expiring in 8 day(s) on May 17, 2024. This event was a transfer of 122 contract(s) at a $122.00 strike. This particular put needed to be split into 20 different trades to become filled. The total cost received by the writing party (or parties) was $36.6K, with a price of $300.0 per contract. There were 148 open contracts at this strike prior to today, and today 2346 contract(s) were bought and sold.
• Regarding ALNY ALNY, we observe a put option sweep with bearish sentiment. It expires in 71 day(s) on July 19, 2024. Parties traded 18 contract(s) at a $140.00 strike. This particular put needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $26.5K, with a price of $1482.0 per contract. There were 405 open contracts at this strike prior to today, and today 390 contract(s) were bought and sold.
• Regarding HUM HUM, we observe a call option trade with bullish sentiment. It expires in 8 day(s) on May 17, 2024. Parties traded 100 contract(s) at a $340.00 strike. The total cost received by the writing party (or parties) was $33.8K, with a price of $338.0 per contract. There were 361 open contracts at this strike prior to today, and today 352 contract(s) were bought and sold.
• For MCK MCK, we notice a put option sweep that happens to be bearish, expiring in 8 day(s) on May 17, 2024. This event was a transfer of 87 contract(s) at a $555.00 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 $46.9K, with a price of $540.0 per contract. There were 1 open contracts at this strike prior to today, and today 260 contract(s) were bought and sold.
• For CORT CORT, we notice a call option sweep that happens to be bearish, expiring in 43 day(s) on June 21, 2024. This event was a transfer of 102 contract(s) at a $22.00 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 $69.3K, with a price of $680.0 per contract. There were 7 open contracts at this strike prior to today, and today 186 contract(s) were bought and sold.
• For NVO NVO, we notice a call option sweep that happens to be bullish, expiring in 43 day(s) on June 21, 2024. This event was a transfer of 186 contract(s) at a $135.00 strike. This particular call needed to be split into 19 different trades to become filled. The total cost received by the writing party (or parties) was $45.5K, with a price of $244.0 per contract. There were 3523 open contracts at this strike prior to today, and today 74 contract(s) were bought and sold.
• Regarding BMY BMY, we observe a put option trade with bearish sentiment. It expires in 43 day(s) on June 21, 2024. Parties traded 52 contract(s) at a $49.00 strike. The total cost received by the writing party (or parties) was $25.2K, with a price of $485.0 per contract. There were 1294 open contracts at this strike prior to today, and today 60 contract(s) were bought and sold.
• For THC THC, we notice a put option sweep that happens to be neutral, expiring in 99 day(s) on August 16, 2024. This event was a transfer of 50 contract(s) at a $120.00 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 $28.9K, with a price of $579.0 per contract. There were 26 open contracts at this strike prior to today, and today 50 contract(s) were bought and sold.
• For BLUE BLUE, we notice a put option sweep that happens to be bullish, expiring in 253 day(s) on January 17, 2025. This event was a transfer of 50 contract(s) at a $15.00 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 $68.8K, with a price of $1377.0 per contract. There were 101 open contracts at this strike prior to today, and today 50 contract(s) were bought and sold.
• Regarding PODD PODD, we observe a call option sweep with bullish sentiment. It expires in 43 day(s) on June 21, 2024. Parties traded 15 contract(s) at a $170.00 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 $28.7K, with a price of $1924.0 per contract. There were 70 open contracts at this strike prior to today, and today 39 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.
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