10 Health Care Stocks Whale Activity In Today's Session

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.

Here's the list of options activity happening in today's session:

Explanation

These itemized elaborations have been created using the accompanying table.

• Regarding SMMT SMMT, we observe a put option trade with bearish sentiment. It expires in 56 day(s) on September 20, 2024. Parties traded 1700 contract(s) at a $10.00 strike. The total cost received by the writing party (or parties) was $382.5K, with a price of $225.0 per contract. There were 31 open contracts at this strike prior to today, and today 5035 contract(s) were bought and sold.

• Regarding PFE PFE, we observe a call option sweep with bullish sentiment. It expires in 175 day(s) on January 17, 2025. Parties traded 1500 contract(s) at a $40.00 strike. This particular call needed to be split into 17 different trades to become filled. The total cost received by the writing party (or parties) was $42.1K, with a price of $28.0 per contract. There were 50053 open contracts at this strike prior to today, and today 3954 contract(s) were bought and sold.

• For GILD GILD, we notice a call option trade that happens to be bearish, expiring in 56 day(s) on September 20, 2024. This event was a transfer of 100 contract(s) at a $75.00 strike. The total cost received by the writing party (or parties) was $44.5K, with a price of $445.0 per contract. There were 2754 open contracts at this strike prior to today, and today 1237 contract(s) were bought and sold.

• For TECH TECH, we notice a call option trade that happens to be bullish, expiring in 21 day(s) on August 16, 2024. This event was a transfer of 1000 contract(s) at a $85.00 strike. The total cost received by the writing party (or parties) was $190.0K, with a price of $190.0 per contract. There were 157 open contracts at this strike prior to today, and today 1051 contract(s) were bought and sold.

• For SYK SYK, we notice a put option sweep that happens to be bullish, expiring in 21 day(s) on August 16, 2024. This event was a transfer of 107 contract(s) at a $310.00 strike. This particular put needed to be split into 21 different trades to become filled. The total cost received by the writing party (or parties) was $38.5K, with a price of $360.0 per contract. There were 129 open contracts at this strike prior to today, and today 950 contract(s) were bought and sold.

• For CVS CVS, we notice a call option sweep that happens to be neutral, expiring in 56 day(s) on September 20, 2024. This event was a transfer of 100 contract(s) at a $62.50 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 $26.7K, with a price of $266.0 per contract. There were 1373 open contracts at this strike prior to today, and today 926 contract(s) were bought and sold.

• For JNJ JNJ, we notice a call option sweep that happens to be neutral, expiring in 35 day(s) on August 30, 2024. This event was a transfer of 233 contract(s) at a $160.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $99.0K, with a price of $425.0 per contract. There were 677 open contracts at this strike prior to today, and today 760 contract(s) were bought and sold.

• Regarding BMY BMY, we observe a call option trade with bullish sentiment. It expires in 539 day(s) on January 16, 2026. Parties traded 20 contract(s) at a $40.00 strike. The total cost received by the writing party (or parties) was $25.8K, with a price of $1290.0 per contract. There were 4375 open contracts at this strike prior to today, and today 688 contract(s) were bought and sold.

• Regarding PRCT PRCT, we observe a put option sweep with bullish sentiment. It expires in 84 day(s) on October 18, 2024. Parties traded 55 contract(s) at a $55.00 strike. This particular put needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $42.3K, with a price of $770.0 per contract. There were 89 open contracts at this strike prior to today, and today 205 contract(s) were bought and sold.

• Regarding UNH UNH, we observe a call option sweep with bullish sentiment. It expires in 175 day(s) on January 17, 2025. Parties traded 190 contract(s) at a $660.00 strike. This particular call needed to be split into 21 different trades to become filled. The total cost received by the writing party (or parties) was $234.6K, with a price of $1235.0 per contract. There were 519 open contracts at this strike prior to today, and today 203 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.