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:
Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
---|---|---|---|---|---|---|---|---|
TEVA | CALL | TRADE | BEARISH | 06/16/23 | $9.00 | $145.0K | 17.3K | 5.0K |
LEGN | CALL | TRADE | BULLISH | 05/19/23 | $60.00 | $514.8K | 1.0K | 1.0K |
BSX | CALL | SWEEP | BULLISH | 08/18/23 | $45.00 | $28.4K | 1.9K | 387 |
UNH | PUT | SWEEP | BEARISH | 04/28/23 | $487.50 | $32.8K | 11 | 384 |
ALNY | CALL | SWEEP | BULLISH | 05/19/23 | $220.00 | $101.9K | 1.0K | 289 |
ALT | CALL | SWEEP | BULLISH | 01/17/25 | $5.00 | $32.3K | 103 | 101 |
SGEN | CALL | TRADE | BEARISH | 01/19/24 | $65.00 | $257.9K | 200 | 100 |
APLS | PUT | TRADE | NEUTRAL | 05/19/23 | $85.00 | $33.3K | 93 | 87 |
AMGN | PUT | SWEEP | BULLISH | 01/19/24 | $225.00 | $95.7K | 1.0K | 73 |
IDXX | CALL | SWEEP | BEARISH | 05/19/23 | $490.00 | $27.0K | 11 | 40 |
Explanation
These itemized elaborations have been created using the accompanying table.
• Regarding TEVA TEVA, we observe a call option trade with bearish sentiment. It expires in 58 day(s) on June 16, 2023. Parties traded 5000 contract(s) at a $9.00 strike. The total cost received by the writing party (or parties) was $145.0K, with a price of $29.0 per contract. There were 17304 open contracts at this strike prior to today, and today 5009 contract(s) were bought and sold.
• Regarding LEGN LEGN, we observe a call option trade with bullish sentiment. It expires in 30 day(s) on May 19, 2023. Parties traded 990 contract(s) at a $60.00 strike. The total cost received by the writing party (or parties) was $514.8K, with a price of $520.0 per contract. There were 1067 open contracts at this strike prior to today, and today 1021 contract(s) were bought and sold.
• For BSX BSX, we notice a call option sweep that happens to be bullish, expiring in 121 day(s) on August 18, 2023. This event was a transfer of 32 contract(s) at a $45.00 strike. This particular call needed to be split into 17 different trades to become filled. The total cost received by the writing party (or parties) was $28.4K, with a price of $890.0 per contract. There were 1975 open contracts at this strike prior to today, and today 387 contract(s) were bought and sold.
• Regarding UNH UNH, we observe a put option sweep with bearish sentiment. It expires in 9 day(s) on April 28, 2023. Parties traded 53 contract(s) at a $487.50 strike. This particular put needed to be split into 18 different trades to become filled. The total cost received by the writing party (or parties) was $32.8K, with a price of $620.0 per contract. There were 11 open contracts at this strike prior to today, and today 384 contract(s) were bought and sold.
• For ALNY ALNY, we notice a call option sweep that happens to be bullish, expiring in 30 day(s) on May 19, 2023. This event was a transfer of 217 contract(s) at a $220.00 strike. This particular call needed to be split into 41 different trades to become filled. The total cost received by the writing party (or parties) was $101.9K, with a price of $470.0 per contract. There were 1013 open contracts at this strike prior to today, and today 289 contract(s) were bought and sold.
• For ALT ALT, we notice a call option sweep that happens to be bullish, expiring in 639 day(s) on January 17, 2025. This event was a transfer of 100 contract(s) at a $5.00 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 $32.3K, with a price of $320.0 per contract. There were 103 open contracts at this strike prior to today, and today 101 contract(s) were bought and sold.
• For SGEN SGEN, we notice a call option trade that happens to be bearish, expiring in 275 day(s) on January 19, 2024. This event was a transfer of 18 contract(s) at a $65.00 strike. The total cost received by the writing party (or parties) was $257.9K, with a price of $14330.0 per contract. There were 200 open contracts at this strike prior to today, and today 100 contract(s) were bought and sold.
• Regarding APLS APLS, we observe a put option trade with neutral sentiment. It expires in 30 day(s) on May 19, 2023. Parties traded 49 contract(s) at a $85.00 strike. The total cost received by the writing party (or parties) was $33.3K, with a price of $680.0 per contract. There were 93 open contracts at this strike prior to today, and today 87 contract(s) were bought and sold.
• For AMGN AMGN, we notice a put option sweep that happens to be bullish, expiring in 275 day(s) on January 19, 2024. This event was a transfer of 93 contract(s) at a $225.00 strike. This particular put needed to be split into 32 different trades to become filled. The total cost received by the writing party (or parties) was $95.7K, with a price of $1030.0 per contract. There were 1084 open contracts at this strike prior to today, and today 73 contract(s) were bought and sold.
• For IDXX IDXX, we notice a call option sweep that happens to be bearish, expiring in 30 day(s) on May 19, 2023. This event was a transfer of 15 contract(s) at a $490.00 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 $27.0K, with a price of $1800.0 per contract. There were 11 open contracts at this strike prior to today, and today 40 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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