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.
Here's the list of options activity happening in today's session:
Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
---|---|---|---|---|---|---|---|---|
PFE | PUT | SWEEP | NEUTRAL | 06/16/23 | $37.50 | $27.8K | 26.7K | 1.4K |
CVS | CALL | SWEEP | BEARISH | 08/18/23 | $77.50 | $37.6K | 4.0K | 1.3K |
NVAX | PUT | SWEEP | BEARISH | 01/19/24 | $2.50 | $33.0K | 2.7K | 623 |
BMY | PUT | TRADE | BULLISH | 06/21/24 | $65.00 | $96.0K | 303 | 201 |
EW | CALL | TRADE | BEARISH | 11/17/23 | $90.00 | $31.2K | 10 | 110 |
JNJ | CALL | SWEEP | BEARISH | 01/19/24 | $150.00 | $98.8K | 1.1K | 96 |
CTLT | PUT | TRADE | NEUTRAL | 06/16/23 | $50.00 | $26.4K | 156 | 59 |
VEEV | PUT | SWEEP | BEARISH | 09/15/23 | $185.00 | $27.3K | 78 | 39 |
ALGN | CALL | TRADE | BEARISH | 06/16/23 | $320.00 | $28.8K | 0 | 34 |
MDGL | PUT | SWEEP | BULLISH | 01/17/25 | $460.00 | $66.4K | 0 | 19 |
Explanation
These itemized elaborations have been created using the accompanying table.
• Regarding PFE PFE, we observe a put option sweep with neutral sentiment. It expires in 50 day(s) on June 16, 2023. Parties traded 270 contract(s) at a $37.50 strike. This particular put needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $27.8K, with a price of $103.0 per contract. There were 26774 open contracts at this strike prior to today, and today 1430 contract(s) were bought and sold.
• For CVS CVS, we notice a call option sweep that happens to be bearish, expiring in 113 day(s) on August 18, 2023. This event was a transfer of 160 contract(s) at a $77.50 strike. This particular call needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was $37.6K, with a price of $236.0 per contract. There were 4012 open contracts at this strike prior to today, and today 1319 contract(s) were bought and sold.
• For NVAX NVAX, we notice a put option sweep that happens to be bearish, expiring in 267 day(s) on January 19, 2024. This event was a transfer of 515 contract(s) at a $2.50 strike. This particular put needed to be split into 22 different trades to become filled. The total cost received by the writing party (or parties) was $33.0K, with a price of $64.0 per contract. There were 2751 open contracts at this strike prior to today, and today 623 contract(s) were bought and sold.
• Regarding BMY BMY, we observe a put option trade with bullish sentiment. It expires in 421 day(s) on June 21, 2024. Parties traded 200 contract(s) at a $65.00 strike. The total cost received by the writing party (or parties) was $96.0K, with a price of $480.0 per contract. There were 303 open contracts at this strike prior to today, and today 201 contract(s) were bought and sold.
• Regarding EW EW, we observe a call option trade with bearish sentiment. It expires in 204 day(s) on November 17, 2023. Parties traded 46 contract(s) at a $90.00 strike. The total cost received by the writing party (or parties) was $31.2K, with a price of $680.0 per contract. There were 10 open contracts at this strike prior to today, and today 110 contract(s) were bought and sold.
• For JNJ JNJ, we notice a call option sweep that happens to be bearish, expiring in 267 day(s) on January 19, 2024. This event was a transfer of 52 contract(s) at a $150.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $98.8K, with a price of $1900.0 per contract. There were 1142 open contracts at this strike prior to today, and today 96 contract(s) were bought and sold.
• For CTLT CTLT, we notice a put option trade that happens to be neutral, expiring in 50 day(s) on June 16, 2023. This event was a transfer of 40 contract(s) at a $50.00 strike. The total cost received by the writing party (or parties) was $26.4K, with a price of $660.0 per contract. There were 156 open contracts at this strike prior to today, and today 59 contract(s) were bought and sold.
• Regarding VEEV VEEV, we observe a put option sweep with bearish sentiment. It expires in 141 day(s) on September 15, 2023. Parties traded 15 contract(s) at a $185.00 strike. This particular put needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $27.3K, with a price of $1820.0 per contract. There were 78 open contracts at this strike prior to today, and today 39 contract(s) were bought and sold.
• Regarding ALGN ALGN, we observe a call option trade with bearish sentiment. It expires in 50 day(s) on June 16, 2023. Parties traded 15 contract(s) at a $320.00 strike. The total cost received by the writing party (or parties) was $28.8K, with a price of $1920.0 per contract. There were 0 open contracts at this strike prior to today, and today 34 contract(s) were bought and sold.
• For MDGL MDGL, we notice a put option sweep that happens to be bullish, expiring in 631 day(s) on January 17, 2025. This event was a transfer of 4 contract(s) at a $460.00 strike. This particular put needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $66.4K, with a price of $16600.0 per contract. There were 0 open contracts at this strike prior to today, and today 19 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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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