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 |
---|---|---|---|---|---|---|---|---|
MRNA | CALL | SWEEP | BEARISH | 04/21/23 | $160.00 | $27.3K | 9.1K | 5.4K |
GRFS | PUT | SWEEP | BEARISH | 04/21/23 | $7.50 | $52.7K | 765 | 969 |
UNH | PUT | SWEEP | NEUTRAL | 05/05/23 | $495.00 | $25.7K | 67 | 303 |
LLY | CALL | SWEEP | BEARISH | 04/21/23 | $375.00 | $34.0K | 370 | 294 |
PRCT | CALL | SWEEP | BULLISH | 07/21/23 | $25.00 | $48.4K | 367 | 266 |
PFE | CALL | TRADE | BEARISH | 05/19/23 | $40.00 | $35.4K | 9.5K | 256 |
AXSM | CALL | TRADE | BULLISH | 05/26/23 | $75.00 | $29.4K | 6 | 255 |
HCA | CALL | SWEEP | BULLISH | 06/16/23 | $295.00 | $26.4K | 234 | 93 |
CVS | CALL | TRADE | BEARISH | 01/19/24 | $70.00 | $30.0K | 972 | 43 |
ISRG | PUT | SWEEP | BULLISH | 04/28/23 | $267.50 | $26.3K | 0 | 31 |
Explanation
These bullet-by-bullet explanations have been constructed using the accompanying table.
• Regarding MRNA MRNA, we observe a call option sweep with bearish sentiment. It expires in 7 day(s) on April 21, 2023. Parties traded 77 contract(s) at a $160.00 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 $27.3K, with a price of $355.0 per contract. There were 9123 open contracts at this strike prior to today, and today 5472 contract(s) were bought and sold.
• Regarding GRFS GRFS, we observe a put option sweep with bearish sentiment. It expires in 7 day(s) on April 21, 2023. Parties traded 958 contract(s) at a $7.50 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 $52.7K, with a price of $55.0 per contract. There were 765 open contracts at this strike prior to today, and today 969 contract(s) were bought and sold.
• Regarding UNH UNH, we observe a put option sweep with neutral sentiment. It expires in 21 day(s) on May 5, 2023. Parties traded 62 contract(s) at a $495.00 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 $25.7K, with a price of $415.0 per contract. There were 67 open contracts at this strike prior to today, and today 303 contract(s) were bought and sold.
• For LLY LLY, we notice a call option sweep that happens to be bearish, expiring in 7 day(s) on April 21, 2023. This event was a transfer of 100 contract(s) at a $375.00 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 $34.0K, with a price of $344.0 per contract. There were 370 open contracts at this strike prior to today, and today 294 contract(s) were bought and sold.
• Regarding PRCT PRCT, we observe a call option sweep with bullish sentiment. It expires in 98 day(s) on July 21, 2023. Parties traded 40 contract(s) at a $25.00 strike. This particular call needed to be split into 11 different trades to become filled. The total cost received by the writing party (or parties) was $48.4K, with a price of $1210.0 per contract. There were 367 open contracts at this strike prior to today, and today 266 contract(s) were bought and sold.
• For PFE PFE, we notice a call option trade that happens to be bearish, expiring in 35 day(s) on May 19, 2023. This event was a transfer of 200 contract(s) at a $40.00 strike. The total cost received by the writing party (or parties) was $35.4K, with a price of $177.0 per contract. There were 9579 open contracts at this strike prior to today, and today 256 contract(s) were bought and sold.
• For AXSM AXSM, we notice a call option trade that happens to be bullish, expiring in 42 day(s) on May 26, 2023. This event was a transfer of 95 contract(s) at a $75.00 strike. The total cost received by the writing party (or parties) was $29.4K, with a price of $310.0 per contract. There were 6 open contracts at this strike prior to today, and today 255 contract(s) were bought and sold.
• Regarding HCA HCA, we observe a call option sweep with bullish sentiment. It expires in 63 day(s) on June 16, 2023. Parties traded 60 contract(s) at a $295.00 strike. This particular call needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $26.4K, with a price of $440.0 per contract. There were 234 open contracts at this strike prior to today, and today 93 contract(s) were bought and sold.
• Regarding CVS CVS, we observe a call option trade with bearish sentiment. It expires in 280 day(s) on January 19, 2024. Parties traded 30 contract(s) at a $70.00 strike. The total cost received by the writing party (or parties) was $30.0K, with a price of $1000.0 per contract. There were 972 open contracts at this strike prior to today, and today 43 contract(s) were bought and sold.
• For ISRG ISRG, we notice a put option sweep that happens to be bullish, expiring in 14 day(s) on April 28, 2023. This event was a transfer of 31 contract(s) at a $267.50 strike. This particular put needed to be split into 10 different trades to become filled. The total cost received by the writing party (or parties) was $26.3K, with a price of $850.0 per contract. There were 0 open contracts at this strike prior to today, and today 31 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.
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