This unusual options alert can help traders discover the next big trading opportunities. Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. Unusual trading activity could push option prices to exaggerated or underestimated levels.
Below are some instances of unusual options activity happening in the Health Care sector:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| CLOV | CALL | SWEEP | BEARISH | 04/16/21 | $9.00 | $26.1K | 1.6K | 60.2K |
| ACB | CALL | SWEEP | BULLISH | 01/20/23 | $5.00 | $150.3K | 980 | 696 |
| XLRN | CALL | TRADE | BEARISH | 06/18/21 | $140.00 | $236.7K | 0 | 623 |
| BCRX | CALL | TRADE | BEARISH | 05/21/21 | $12.00 | $29.9K | 2.8K | 511 |
| AMGN | CALL | TRADE | BEARISH | 05/21/21 | $265.00 | $84.9K | 10.9K | 372 |
| CODX | CALL | TRADE | BEARISH | 01/20/23 | $17.00 | $73.5K | 425 | 300 |
| PFE | CALL | TRADE | BULLISH | 12/17/21 | $38.00 | $49.8K | 9 | 221 |
| GILD | PUT | TRADE | NEUTRAL | 08/20/21 | $60.00 | $68.3K | 4.7K | 111 |
| APHA | PUT | SWEEP | NEUTRAL | 04/16/21 | $16.00 | $95.6K | 2.4K | 103 |
| TEVA | PUT | SWEEP | BEARISH | 01/21/22 | $17.00 | $132.2K | 2.3K | 0 |
Explanation
These bullet-by-bullet explanations have been constructed using the accompanying table.
• For CLOV CLOV, we notice a call option sweep that happens to be bearish, is expiring today. Parties traded 261 contract(s) at a $9.00 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 $26.1K, with a price of $100.0 per contract. There were 1691 open contracts at this strike prior to today, and today 60248 contract(s) were bought and sold.
• Regarding ACB ACB, we observe a call option sweep with bullish sentiment. It expires in 644 day(s) on January 20, 2023. Parties traded 358 contract(s) at a $5.00 strike. This particular call needed to be split into 30 different trades to become filled. The total cost received by the writing party (or parties) was $150.3K, with a price of $420.0 per contract. There were 980 open contracts at this strike prior to today, and today 696 contract(s) were bought and sold.
• Regarding XLRN XLRN, we observe a call option trade with bearish sentiment. It expires in 63 day(s) on June 18, 2021. Parties traded 623 contract(s) at a $140.00 strike. The total cost received by the writing party (or parties) was $236.7K, with a price of $380.0 per contract. There were 0 open contracts at this strike prior to today, and today 623 contract(s) were bought and sold.
• For BCRX BCRX, we notice a call option trade that happens to be bearish, expiring in 35 day(s) on May 21, 2021. This event was a transfer of 299 contract(s) at a $12.00 strike. The total cost received by the writing party (or parties) was $29.9K, with a price of $100.0 per contract. There were 2802 open contracts at this strike prior to today, and today 511 contract(s) were bought and sold.
• For AMGN AMGN, we notice a call option trade that happens to be bearish, expiring in 35 day(s) on May 21, 2021. This event was a transfer of 300 contract(s) at a $265.00 strike. The total cost received by the writing party (or parties) was $84.9K, with a price of $283.0 per contract. There were 10926 open contracts at this strike prior to today, and today 372 contract(s) were bought and sold.
• For CODX CODX, we notice a call option trade that happens to be bearish, expiring in 644 day(s) on January 20, 2023. This event was a transfer of 300 contract(s) at a $17.00 strike. The total cost received by the writing party (or parties) was $73.5K, with a price of $245.0 per contract. There were 425 open contracts at this strike prior to today, and today 300 contract(s) were bought and sold.
• For PFE PFE, we notice a call option trade that happens to be bullish, expiring in 245 day(s) on December 17, 2021. This event was a transfer of 200 contract(s) at a $38.00 strike. The total cost received by the writing party (or parties) was $49.8K, with a price of $249.0 per contract. There were 9 open contracts at this strike prior to today, and today 221 contract(s) were bought and sold.
• For GILD GILD, we notice a put option trade that happens to be neutral, expiring in 126 day(s) on August 20, 2021. This event was a transfer of 407 contract(s) at a $60.00 strike. The total cost received by the writing party (or parties) was $68.3K, with a price of $168.0 per contract. There were 4753 open contracts at this strike prior to today, and today 111 contract(s) were bought and sold.
• For APHA APHA, we notice a put option sweep that happens to be neutral, is expiring today. Parties traded 441 contract(s) at a $16.00 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 $95.6K, with a price of $217.0 per contract. There were 2435 open contracts at this strike prior to today, and today 103 contract(s) were bought and sold.
• Regarding TEVA TEVA, we observe a put option sweep with bearish sentiment. It expires in 280 day(s) on January 21, 2022. Parties traded 205 contract(s) at a $17.00 strike. This particular put needed to be split into 25 different trades to become filled. The total cost received by the writing party (or parties) was $132.2K, with a price of $645.0 per contract. There were 2386 open contracts at this strike prior to today, and today 0 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.
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