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 |
---|---|---|---|---|---|---|---|---|
FULC | PUT | TRADE | BULLISH | 06/21/24 | $7.00 | $141.2K | 50 | 1.4K |
GTHX | PUT | SWEEP | BEARISH | 07/19/24 | $1.50 | $39.7K | 727 | 451 |
UTHR | CALL | TRADE | BEARISH | 11/15/24 | $320.00 | $25.2K | 6 | 299 |
LLY | PUT | TRADE | BEARISH | 03/21/25 | $650.00 | $483.0K | 115 | 279 |
IBRX | CALL | TRADE | BEARISH | 01/17/25 | $5.50 | $43.2K | 1.5K | 236 |
MDGL | CALL | SWEEP | BULLISH | 10/18/24 | $410.00 | $41.0K | 6 | 201 |
MCK | CALL | TRADE | BULLISH | 11/15/24 | $600.00 | $43.1K | 36 | 13 |
ISRG | CALL | SWEEP | BULLISH | 06/20/25 | $540.00 | $25.3K | 36 | 7 |
ABBV | PUT | SWEEP | BEARISH | 09/20/24 | $165.00 | $26.7K | 2.8K | 6 |
AVTR | PUT | SWEEP | BEARISH | 06/21/24 | $23.00 | $171.9K | 19.5K | 3 |
Explanation
These itemized elaborations have been created using the accompanying table.
• For FULC FULC, we notice a put option trade that happens to be bullish, expiring in 10 day(s) on June 21, 2024. This event was a transfer of 3532 contract(s) at a $7.00 strike. The total cost received by the writing party (or parties) was $141.2K, with a price of $40.0 per contract. There were 50 open contracts at this strike prior to today, and today 1470 contract(s) were bought and sold.
• Regarding GTHX GTHX, we observe a put option sweep with bearish sentiment. It expires in 38 day(s) on July 19, 2024. Parties traded 722 contract(s) at a $1.50 strike. This particular put needed to be split into 27 different trades to become filled. The total cost received by the writing party (or parties) was $39.7K, with a price of $55.0 per contract. There were 727 open contracts at this strike prior to today, and today 451 contract(s) were bought and sold.
• For UTHR UTHR, we notice a call option trade that happens to be bearish, expiring in 157 day(s) on November 15, 2024. This event was a transfer of 26 contract(s) at a $320.00 strike. The total cost received by the writing party (or parties) was $25.2K, with a price of $970.0 per contract. There were 6 open contracts at this strike prior to today, and today 299 contract(s) were bought and sold.
• For LLY LLY, we notice a put option trade that happens to be bearish, expiring in 283 day(s) on March 21, 2025. This event was a transfer of 322 contract(s) at a $650.00 strike. The total cost received by the writing party (or parties) was $483.0K, with a price of $1500.0 per contract. There were 115 open contracts at this strike prior to today, and today 279 contract(s) were bought and sold.
• For IBRX IBRX, we notice a call option trade that happens to be bearish, expiring in 220 day(s) on January 17, 2025. This event was a transfer of 225 contract(s) at a $5.50 strike. The total cost received by the writing party (or parties) was $43.2K, with a price of $192.0 per contract. There were 1577 open contracts at this strike prior to today, and today 236 contract(s) were bought and sold.
• For MDGL MDGL, we notice a call option sweep that happens to be bullish, expiring in 129 day(s) on October 18, 2024. This event was a transfer of 50 contract(s) at a $410.00 strike. This particular call needed to be split into 8 different trades to become filled. The total cost received by the writing party (or parties) was $41.0K, with a price of $820.0 per contract. There were 6 open contracts at this strike prior to today, and today 201 contract(s) were bought and sold.
• For MCK MCK, we notice a call option trade that happens to be bullish, expiring in 157 day(s) on November 15, 2024. This event was a transfer of 13 contract(s) at a $600.00 strike. The total cost received by the writing party (or parties) was $43.1K, with a price of $3320.0 per contract. There were 36 open contracts at this strike prior to today, and today 13 contract(s) were bought and sold.
• Regarding ISRG ISRG, we observe a call option sweep with bullish sentiment. It expires in 374 day(s) on June 20, 2025. Parties traded 14 contract(s) at a $540.00 strike. This particular call needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $25.3K, with a price of $1810.0 per contract. There were 36 open contracts at this strike prior to today, and today 7 contract(s) were bought and sold.
• For ABBV ABBV, we notice a put option sweep that happens to be bearish, expiring in 101 day(s) on September 20, 2024. This event was a transfer of 50 contract(s) at a $165.00 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 $26.7K, with a price of $535.0 per contract. There were 2815 open contracts at this strike prior to today, and today 6 contract(s) were bought and sold.
• For AVTR AVTR, we notice a put option sweep that happens to be bearish, expiring in 10 day(s) on June 21, 2024. This event was a transfer of 5000 contract(s) at a $23.00 strike. This particular put needed to be split into 33 different trades to become filled. The total cost received by the writing party (or parties) was $171.9K, with a price of $35.0 per contract. There were 19536 open contracts at this strike prior to today, and today 3 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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