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 |
|---|---|---|---|---|---|---|---|---|
| BMY | CALL | SWEEP | BEARISH | 01/17/25 | $55.00 | $27.0K | 19.1K | 6.2K |
| DGX | PUT | SWEEP | BEARISH | 08/16/24 | $145.00 | $35.2K | 1.0K | 1.0K |
| BDX | PUT | SWEEP | BEARISH | 08/16/24 | $230.00 | $31.3K | 2.1K | 586 |
| ABBV | CALL | TRADE | BULLISH | 08/30/24 | $185.00 | $42.5K | 237 | 402 |
| VKTX | PUT | TRADE | BULLISH | 08/02/24 | $57.00 | $31.2K | 333 | 318 |
| FULC | CALL | SWEEP | BEARISH | 01/17/25 | $8.00 | $44.0K | 5.6K | 100 |
| LLY | CALL | SWEEP | BEARISH | 01/17/25 | $860.00 | $157.0K | 381 | 30 |
| TMDX | CALL | TRADE | NEUTRAL | 01/17/25 | $110.00 | $27.2K | 12 | 5 |
Explanation
These itemized elaborations have been created using the accompanying table.
• Regarding BMY BMY, we observe a call option sweep with bearish sentiment. It expires in 169 day(s) on January 17, 2025. Parties traded 196 contract(s) at a $55.00 strike. This particular call needed to be split into 16 different trades to become filled. The total cost received by the writing party (or parties) was $27.0K, with a price of $138.0 per contract. There were 19145 open contracts at this strike prior to today, and today 6217 contract(s) were bought and sold.
• Regarding DGX DGX, we observe a put option sweep with bearish sentiment. It expires in 15 day(s) on August 16, 2024. Parties traded 279 contract(s) at a $145.00 strike. This particular put needed to be split into 48 different trades to become filled. The total cost received by the writing party (or parties) was $35.2K, with a price of $130.0 per contract. There were 1016 open contracts at this strike prior to today, and today 1033 contract(s) were bought and sold.
• For BDX BDX, we notice a put option sweep that happens to be bearish, expiring in 15 day(s) on August 16, 2024. This event was a transfer of 101 contract(s) at a $230.00 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 $31.3K, with a price of $310.0 per contract. There were 2138 open contracts at this strike prior to today, and today 586 contract(s) were bought and sold.
• Regarding ABBV ABBV, we observe a call option trade with bullish sentiment. It expires in 29 day(s) on August 30, 2024. Parties traded 50 contract(s) at a $185.00 strike. The total cost received by the writing party (or parties) was $42.5K, with a price of $850.0 per contract. There were 237 open contracts at this strike prior to today, and today 402 contract(s) were bought and sold.
• For VKTX VKTX, we notice a put option trade that happens to be bullish, expiring in 1 day(s) on August 2, 2024. This event was a transfer of 130 contract(s) at a $57.00 strike. The total cost received by the writing party (or parties) was $31.2K, with a price of $240.0 per contract. There were 333 open contracts at this strike prior to today, and today 318 contract(s) were bought and sold.
• Regarding FULC FULC, we observe a call option sweep with bearish sentiment. It expires in 169 day(s) on January 17, 2025. Parties traded 100 contract(s) at a $8.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $44.0K, with a price of $440.0 per contract. There were 5621 open contracts at this strike prior to today, and today 100 contract(s) were bought and sold.
• For LLY LLY, we notice a call option sweep that happens to be bearish, expiring in 169 day(s) on January 17, 2025. This event was a transfer of 20 contract(s) at a $860.00 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $157.0K, with a price of $7850.0 per contract. There were 381 open contracts at this strike prior to today, and today 30 contract(s) were bought and sold.
• For TMDX TMDX, we notice a call option trade that happens to be neutral, expiring in 169 day(s) on January 17, 2025. This event was a transfer of 5 contract(s) at a $110.00 strike. The total cost received by the writing party (or parties) was $27.2K, with a price of $5450.0 per contract. There were 12 open contracts at this strike prior to today, and today 5 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
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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