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 |
---|---|---|---|---|---|---|---|---|
SRPT | CALL | SWEEP | BULLISH | 05/19/23 | $135.00 | $69.0K | 3.4K | 2.0K |
NVAX | CALL | TRADE | BULLISH | 06/09/23 | $11.00 | $27.0K | 515 | 475 |
JNJ | PUT | TRADE | BEARISH | 06/16/23 | $160.00 | $30.5K | 6.7K | 452 |
ABBV | CALL | TRADE | NEUTRAL | 01/17/25 | $145.00 | $540.0K | 8.9K | 320 |
CI | PUT | TRADE | NEUTRAL | 06/21/24 | $190.00 | $34.5K | 2 | 187 |
LEGN | CALL | SWEEP | BEARISH | 06/16/23 | $60.00 | $33.6K | 286 | 65 |
REGN | PUT | SWEEP | BULLISH | 07/21/23 | $755.00 | $138.6K | 10 | 40 |
TGTX | CALL | TRADE | BEARISH | 01/17/25 | $7.00 | $132.0K | 76 | 34 |
TMO | PUT | TRADE | BULLISH | 01/19/24 | $560.00 | $76.8K | 762 | 26 |
HCA | CALL | TRADE | BEARISH | 06/16/23 | $270.00 | $37.5K | 1.1K | 0 |
Explanation
These itemized elaborations have been created using the accompanying table.
• Regarding SRPT SRPT, we observe a call option sweep with bullish sentiment. It expires in 9 day(s) on May 19, 2023. Parties traded 69 contract(s) at a $135.00 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 $69.0K, with a price of $1000.0 per contract. There were 3456 open contracts at this strike prior to today, and today 2001 contract(s) were bought and sold.
• Regarding NVAX NVAX, we observe a call option trade with bullish sentiment. It expires in 30 day(s) on June 9, 2023. Parties traded 475 contract(s) at a $11.00 strike. The total cost received by the writing party (or parties) was $27.0K, with a price of $57.0 per contract. There were 515 open contracts at this strike prior to today, and today 475 contract(s) were bought and sold.
• Regarding JNJ JNJ, we observe a put option trade with bearish sentiment. It expires in 37 day(s) on June 16, 2023. Parties traded 100 contract(s) at a $160.00 strike. The total cost received by the writing party (or parties) was $30.5K, with a price of $305.0 per contract. There were 6770 open contracts at this strike prior to today, and today 452 contract(s) were bought and sold.
• Regarding ABBV ABBV, we observe a call option trade with neutral sentiment. It expires in 618 day(s) on January 17, 2025. Parties traded 300 contract(s) at a $145.00 strike. The total cost received by the writing party (or parties) was $540.0K, with a price of $1800.0 per contract. There were 8987 open contracts at this strike prior to today, and today 320 contract(s) were bought and sold.
• Regarding CI CI, we observe a put option trade with neutral sentiment. It expires in 408 day(s) on June 21, 2024. Parties traded 48 contract(s) at a $190.00 strike. The total cost received by the writing party (or parties) was $34.5K, with a price of $720.0 per contract. There were 2 open contracts at this strike prior to today, and today 187 contract(s) were bought and sold.
• Regarding LEGN LEGN, we observe a call option sweep with bearish sentiment. It expires in 37 day(s) on June 16, 2023. Parties traded 30 contract(s) at a $60.00 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 $33.6K, with a price of $1120.0 per contract. There were 286 open contracts at this strike prior to today, and today 65 contract(s) were bought and sold.
• For REGN REGN, we notice a put option sweep that happens to be bullish, expiring in 72 day(s) on July 21, 2023. This event was a transfer of 42 contract(s) at a $755.00 strike. This particular put needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $138.6K, with a price of $3311.0 per contract. There were 10 open contracts at this strike prior to today, and today 40 contract(s) were bought and sold.
• For TGTX TGTX, we notice a call option trade that happens to be bearish, expiring in 618 day(s) on January 17, 2025. This event was a transfer of 46 contract(s) at a $7.00 strike. The total cost received by the writing party (or parties) was $132.0K, with a price of $2870.0 per contract. There were 76 open contracts at this strike prior to today, and today 34 contract(s) were bought and sold.
• For TMO TMO, we notice a put option trade that happens to be bullish, expiring in 254 day(s) on January 19, 2024. This event was a transfer of 14 contract(s) at a $560.00 strike. The total cost received by the writing party (or parties) was $76.8K, with a price of $5490.0 per contract. There were 762 open contracts at this strike prior to today, and today 26 contract(s) were bought and sold.
• For HCA HCA, we notice a call option trade that happens to be bearish, expiring in 37 day(s) on June 16, 2023. This event was a transfer of 30 contract(s) at a $270.00 strike. The total cost received by the writing party (or parties) was $37.5K, with a price of $1250.0 per contract. There were 1180 open contracts at this strike prior to today, and today 0 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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