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 | PUT | TRADE | BEARISH | 06/16/23 | $8.00 | $85.0K | 35.2K | 1.0K |
| PFE | PUT | TRADE | BULLISH | 12/15/23 | $37.50 | $220.5K | 3.9K | 939 |
| DXCM | PUT | TRADE | NEUTRAL | 01/17/25 | $120.00 | $500.0K | 647 | 772 |
| AMLX | CALL | SWEEP | NEUTRAL | 11/17/23 | $25.00 | $26.2K | 1 | 302 |
| EW | PUT | SWEEP | BEARISH | 01/19/24 | $85.00 | $39.4K | 549 | 276 |
| RETA | CALL | SWEEP | BULLISH | 08/18/23 | $90.00 | $102.3K | 234 | 196 |
| CVS | PUT | TRADE | BULLISH | 01/19/24 | $70.00 | $63.8K | 2.9K | 128 |
| MDT | PUT | TRADE | BULLISH | 01/19/24 | $82.50 | $42.3K | 730 | 94 |
| TMO | PUT | TRADE | BEARISH | 01/19/24 | $560.00 | $56.8K | 853 | 62 |
| DHR | CALL | TRADE | BEARISH | 06/21/24 | $250.00 | $63.8K | 17 | 60 |
Explanation
These bullet-by-bullet explanations have been constructed using the accompanying table.
• For TEVA TEVA, we notice a put option trade that happens to be bearish, expiring in 35 day(s) on June 16, 2023. This event was a transfer of 2500 contract(s) at a $8.00 strike. The total cost received by the writing party (or parties) was $85.0K, with a price of $34.0 per contract. There were 35260 open contracts at this strike prior to today, and today 1010 contract(s) were bought and sold.
• For PFE PFE, we notice a put option trade that happens to be bullish, expiring in 217 day(s) on December 15, 2023. This event was a transfer of 900 contract(s) at a $37.50 strike. The total cost received by the writing party (or parties) was $220.5K, with a price of $245.0 per contract. There were 3924 open contracts at this strike prior to today, and today 939 contract(s) were bought and sold.
• Regarding DXCM DXCM, we observe a put option trade with neutral sentiment. It expires in 616 day(s) on January 17, 2025. Parties traded 250 contract(s) at a $120.00 strike. The total cost received by the writing party (or parties) was $500.0K, with a price of $2000.0 per contract. There were 647 open contracts at this strike prior to today, and today 772 contract(s) were bought and sold.
• For AMLX AMLX, we notice a call option sweep that happens to be neutral, expiring in 189 day(s) on November 17, 2023. This event was a transfer of 41 contract(s) at a $25.00 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 $26.2K, with a price of $640.0 per contract. There were 1 open contracts at this strike prior to today, and today 302 contract(s) were bought and sold.
• Regarding EW EW, we observe a put option sweep with bearish sentiment. It expires in 252 day(s) on January 19, 2024. Parties traded 68 contract(s) at a $85.00 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 $39.4K, with a price of $580.0 per contract. There were 549 open contracts at this strike prior to today, and today 276 contract(s) were bought and sold.
• For RETA RETA, we notice a call option sweep that happens to be bullish, expiring in 98 day(s) on August 18, 2023. This event was a transfer of 86 contract(s) at a $90.00 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 $102.3K, with a price of $1190.0 per contract. There were 234 open contracts at this strike prior to today, and today 196 contract(s) were bought and sold.
• Regarding CVS CVS, we observe a put option trade with bullish sentiment. It expires in 252 day(s) on January 19, 2024. Parties traded 99 contract(s) at a $70.00 strike. The total cost received by the writing party (or parties) was $63.8K, with a price of $645.0 per contract. There were 2995 open contracts at this strike prior to today, and today 128 contract(s) were bought and sold.
• Regarding MDT MDT, we observe a put option trade with bullish sentiment. It expires in 252 day(s) on January 19, 2024. Parties traded 94 contract(s) at a $82.50 strike. The total cost received by the writing party (or parties) was $42.3K, with a price of $450.0 per contract. There were 730 open contracts at this strike prior to today, and today 94 contract(s) were bought and sold.
• For TMO TMO, we notice a put option trade that happens to be bearish, expiring in 252 day(s) on January 19, 2024. This event was a transfer of 10 contract(s) at a $560.00 strike. The total cost received by the writing party (or parties) was $56.8K, with a price of $5680.0 per contract. There were 853 open contracts at this strike prior to today, and today 62 contract(s) were bought and sold.
• For DHR DHR, we notice a call option trade that happens to be bearish, expiring in 406 day(s) on June 21, 2024. This event was a transfer of 30 contract(s) at a $250.00 strike. The total cost received by the writing party (or parties) was $63.8K, with a price of $2127.0 per contract. There were 17 open contracts at this strike prior to today, and today 60 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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