This unusual options alert can help traders track potentially big trading opportunities. Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Unusual trading activity could push option prices to hyperbolic or underperforming levels.
Here's the list of some unusual options activity happening in today's session:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| OCGN | CALL | SWEEP | BULLISH | 05/21/21 | $15.00 | $65.6K | 21.1K | 27.0K |
| PFE | CALL | SWEEP | BULLISH | 05/14/21 | $40.00 | $26.5K | 4.6K | 16.7K |
| ABBV | CALL | TRADE | BEARISH | 09/17/21 | $125.00 | $1.1 million | 50 | 5.0K |
| SNDL | CALL | SWEEP | BEARISH | 05/28/21 | $0.50 | $54.0K | 5.5K | 2.6K |
| GILD | CALL | SWEEP | BULLISH | 07/16/21 | $65.00 | $91.5K | 4.6K | 2.0K |
| TEVA | CALL | SWEEP | BULLISH | 01/21/22 | $12.00 | $36.6K | 92.2K | 1.3K |
| JNJ | PUT | SWEEP | BEARISH | 01/21/22 | $145.00 | $246.2K | 3.4K | 562 |
| MRK | PUT | TRADE | NEUTRAL | 10/15/21 | $75.00 | $88.6K | 345 | 385 |
| PRTK | PUT | TRADE | BEARISH | 09/17/21 | $7.50 | $29.4K | 1.1K | 288 |
Explanation
These bullet-by-bullet explanations have been constructed using the accompanying table.
• For OCGN OCGN, we notice a call option sweep that happens to be bullish, expiring in 18 day(s) on May 21, 2021. This event was a transfer of 212 contract(s) at a $15.00 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 $65.6K, with a price of $310.0 per contract. There were 21173 open contracts at this strike prior to today, and today 27091 contract(s) were bought and sold.
• Regarding PFE PFE, we observe a call option sweep with bullish sentiment. It expires in 11 day(s) on May 14, 2021. Parties traded 450 contract(s) at a $40.00 strike. This particular call needed to be split into 10 different trades to become filled. The total cost received by the writing party (or parties) was $26.5K, with a price of $59.0 per contract. There were 4606 open contracts at this strike prior to today, and today 16762 contract(s) were bought and sold.
• For ABBV ABBV, we notice a call option trade that happens to be bearish, expiring in 137 day(s) on September 17, 2021. This event was a transfer of 5000 contract(s) at a $125.00 strike. The total cost received by the writing party (or parties) was $1.1 million, with a price of $239.0 per contract. There were 50 open contracts at this strike prior to today, and today 5014 contract(s) were bought and sold.
• For SNDL SNDL, we notice a call option sweep that happens to be bearish, expiring in 25 day(s) on May 28, 2021. This event was a transfer of 1701 contract(s) at a $0.50 strike. This particular call needed to be split into 38 different trades to become filled. The total cost received by the writing party (or parties) was $54.0K, with a price of $31.0 per contract. There were 5595 open contracts at this strike prior to today, and today 2641 contract(s) were bought and sold.
• Regarding GILD GILD, we observe a call option sweep with bullish sentiment. It expires in 74 day(s) on July 16, 2021. Parties traded 326 contract(s) at a $65.00 strike. This particular call needed to be split into 32 different trades to become filled. The total cost received by the writing party (or parties) was $91.5K, with a price of $281.0 per contract. There were 4646 open contracts at this strike prior to today, and today 2072 contract(s) were bought and sold.
• Regarding TEVA TEVA, we observe a call option sweep with bullish sentiment. It expires in 263 day(s) on January 21, 2022. Parties traded 327 contract(s) at a $12.00 strike. This particular call needed to be split into 15 different trades to become filled. The total cost received by the writing party (or parties) was $36.6K, with a price of $112.0 per contract. There were 92235 open contracts at this strike prior to today, and today 1383 contract(s) were bought and sold.
• Regarding JNJ JNJ, we observe a put option sweep with bearish sentiment. It expires in 263 day(s) on January 21, 2022. Parties traded 560 contract(s) at a $145.00 strike. This particular put needed to be split into 40 different trades to become filled. The total cost received by the writing party (or parties) was $246.2K, with a price of $440.0 per contract. There were 3445 open contracts at this strike prior to today, and today 562 contract(s) were bought and sold.
• For MRK MRK, we notice a put option trade that happens to be neutral, expiring in 165 day(s) on October 15, 2021. This event was a transfer of 219 contract(s) at a $75.00 strike. The total cost received by the writing party (or parties) was $88.6K, with a price of $405.0 per contract. There were 345 open contracts at this strike prior to today, and today 385 contract(s) were bought and sold.
• For PRTK PRTK, we notice a put option trade that happens to be bearish, expiring in 137 day(s) on September 17, 2021. This event was a transfer of 268 contract(s) at a $7.50 strike. The total cost received by the writing party (or parties) was $29.4K, with a price of $110.0 per contract. There were 1177 open contracts at this strike prior to today, and today 288 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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