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.

Below are some instances of options activity happening in the Health Care sector:

Explanation

These bullet-by-bullet explanations have been constructed using the accompanying table.

• Regarding PFE PFE, we observe a call option sweep with bearish sentiment. It expires in 18 day(s) on February 18, 2022. Parties traded 500 contract(s) at a $51.50 strike. This particular call needed to be split into 35 different trades to become filled. The total cost received by the writing party (or parties) was $125.0K, with a price of $250.0 per contract. There were 3251 open contracts at this strike prior to today, and today 2658 contract(s) were bought and sold.

• Regarding GILD GILD, we observe a put option trade with bearish sentiment. It expires in 354 day(s) on January 20, 2023. Parties traded 2000 contract(s) at a $60.00 strike. The total cost received by the writing party (or parties) was $900.0K, with a price of $450.0 per contract. There were 4633 open contracts at this strike prior to today, and today 2020 contract(s) were bought and sold.

• Regarding CNC CNC, we observe a call option sweep with bullish sentiment. It expires in 46 day(s) on March 18, 2022. Parties traded 347 contract(s) at a $72.50 strike. This particular call needed to be split into 39 different trades to become filled. The total cost received by the writing party (or parties) was $239.0K, with a price of $690.0 per contract. There were 249 open contracts at this strike prior to today, and today 588 contract(s) were bought and sold.

• Regarding TDOC TDOC, we observe a put option sweep with bearish sentiment. It expires in 18 day(s) on February 18, 2022. Parties traded 134 contract(s) at a $75.00 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 $66.9K, with a price of $488.0 per contract. There were 7269 open contracts at this strike prior to today, and today 439 contract(s) were bought and sold.

• For BMY BMY, we notice a call option trade that happens to be neutral, expiring in 18 day(s) on February 18, 2022. This event was a transfer of 100 contract(s) at a $62.50 strike. The total cost received by the writing party (or parties) was $30.0K, with a price of $300.0 per contract. There were 11706 open contracts at this strike prior to today, and today 314 contract(s) were bought and sold.

• Regarding MRK MRK, we observe a call option trade with bullish sentiment. It expires in 46 day(s) on March 18, 2022. Parties traded 3000 contract(s) at a $85.00 strike. The total cost received by the writing party (or parties) was $338.9K, with a price of $113.0 per contract. There were 26190 open contracts at this strike prior to today, and today 163 contract(s) were bought and sold.

• Regarding ALGN ALGN, we observe a call option trade with neutral sentiment. It expires in 73 day(s) on April 14, 2022. Parties traded 25 contract(s) at a $600.00 strike. The total cost received by the writing party (or parties) was $32.5K, with a price of $1300.0 per contract. There were 30 open contracts at this strike prior to today, and today 150 contract(s) were bought and sold.

• Regarding MEDP MEDP, we observe a put option trade with bullish sentiment. It expires in 228 day(s) on September 16, 2022. Parties traded 100 contract(s) at a $180.00 strike. The total cost received by the writing party (or parties) was $280.0K, with a price of $2800.0 per contract. There were 0 open contracts at this strike prior to today, and today 100 contract(s) were bought and sold.

• For JNJ JNJ, we notice a put option trade that happens to be bearish, expiring in 18 day(s) on February 18, 2022. This event was a transfer of 40 contract(s) at a $190.00 strike. The total cost received by the writing party (or parties) was $78.8K, with a price of $1970.0 per contract. There were 110 open contracts at this strike prior to today, and today 80 contract(s) were bought and sold.

• Regarding CVS CVS, we observe a call option trade with neutral sentiment. It expires in 718 day(s) on January 19, 2024. Parties traded 25 contract(s) at a $100.00 strike. The total cost received by the writing party (or parties) was $46.7K, with a price of $1868.0 per contract. There were 325 open contracts at this strike prior to today, and today 27 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.

This article was generated by Benzinga's automated content engine and reviewed by an editor.