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 |
---|---|---|---|---|---|---|---|---|
ISEE | CALL | TRADE | BULLISH | 09/15/23 | $40.00 | $225.0K | 34.8K | 7.2K |
TMCI | PUT | SWEEP | BEARISH | 05/19/23 | $22.50 | $34.6K | 5 | 2.2K |
IMGN | CALL | SWEEP | BULLISH | 01/19/24 | $11.00 | $52.0K | 354 | 1.5K |
CTLT | PUT | SWEEP | BEARISH | 05/19/23 | $35.00 | $49.7K | 2.7K | 1.3K |
IBRX | CALL | SWEEP | BEARISH | 10/20/23 | $2.50 | $36.5K | 2.1K | 892 |
AVDL | CALL | TRADE | BULLISH | 06/16/23 | $10.00 | $137.5K | 11.2K | 330 |
RETA | CALL | SWEEP | BULLISH | 05/12/23 | $105.00 | $149.9K | 541 | 316 |
SYK | CALL | SWEEP | NEUTRAL | 09/15/23 | $300.00 | $28.5K | 737 | 149 |
MRTX | CALL | SWEEP | BULLISH | 05/19/23 | $40.00 | $50.3K | 149 | 148 |
ABBV | CALL | SWEEP | BEARISH | 05/19/23 | $145.00 | $31.5K | 555 | 108 |
Explanation
These bullet-by-bullet explanations have been constructed using the accompanying table.
• Regarding ISEE ISEE, we observe a call option trade with bullish sentiment. It expires in 130 day(s) on September 15, 2023. Parties traded 5000 contract(s) at a $40.00 strike. The total cost received by the writing party (or parties) was $225.0K, with a price of $45.0 per contract. There were 34833 open contracts at this strike prior to today, and today 7203 contract(s) were bought and sold.
• Regarding TMCI TMCI, we observe a put option sweep with bearish sentiment. It expires in 11 day(s) on May 19, 2023. Parties traded 633 contract(s) at a $22.50 strike. This particular put needed to be split into 21 different trades to become filled. The total cost received by the writing party (or parties) was $34.6K, with a price of $55.0 per contract. There were 5 open contracts at this strike prior to today, and today 2263 contract(s) were bought and sold.
• For IMGN IMGN, we notice a call option sweep that happens to be bullish, expiring in 256 day(s) on January 19, 2024. This event was a transfer of 100 contract(s) at a $11.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $52.0K, with a price of $520.0 per contract. There were 354 open contracts at this strike prior to today, and today 1504 contract(s) were bought and sold.
• For CTLT CTLT, we notice a put option sweep that happens to be bearish, expiring in 11 day(s) on May 19, 2023. This event was a transfer of 181 contract(s) at a $35.00 strike. This particular put needed to be split into 13 different trades to become filled. The total cost received by the writing party (or parties) was $49.7K, with a price of $275.0 per contract. There were 2776 open contracts at this strike prior to today, and today 1374 contract(s) were bought and sold.
• Regarding IBRX IBRX, we observe a call option sweep with bearish sentiment. It expires in 165 day(s) on October 20, 2023. Parties traded 96 contract(s) at a $2.50 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $36.5K, with a price of $381.0 per contract. There were 2114 open contracts at this strike prior to today, and today 892 contract(s) were bought and sold.
• For AVDL AVDL, we notice a call option trade that happens to be bullish, expiring in 39 day(s) on June 16, 2023. This event was a transfer of 250 contract(s) at a $10.00 strike. The total cost received by the writing party (or parties) was $137.5K, with a price of $550.0 per contract. There were 11204 open contracts at this strike prior to today, and today 330 contract(s) were bought and sold.
• For RETA RETA, we notice a call option sweep that happens to be bullish, expiring in 4 day(s) on May 12, 2023. This event was a transfer of 243 contract(s) at a $105.00 strike. This particular call needed to be split into 21 different trades to become filled. The total cost received by the writing party (or parties) was $149.9K, with a price of $630.0 per contract. There were 541 open contracts at this strike prior to today, and today 316 contract(s) were bought and sold.
• For SYK SYK, we notice a call option sweep that happens to be neutral, expiring in 130 day(s) on September 15, 2023. This event was a transfer of 24 contract(s) at a $300.00 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 $28.5K, with a price of $1190.0 per contract. There were 737 open contracts at this strike prior to today, and today 149 contract(s) were bought and sold.
• Regarding MRTX MRTX, we observe a call option sweep with bullish sentiment. It expires in 11 day(s) on May 19, 2023. Parties traded 69 contract(s) at a $40.00 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 $50.3K, with a price of $730.0 per contract. There were 149 open contracts at this strike prior to today, and today 148 contract(s) were bought and sold.
• For ABBV ABBV, we notice a call option sweep that happens to be bearish, expiring in 11 day(s) on May 19, 2023. This event was a transfer of 100 contract(s) at a $145.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $31.5K, with a price of $314.0 per contract. There were 555 open contracts at this strike prior to today, and today 108 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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