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 will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated 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 |
---|---|---|---|---|---|---|---|---|
SAVA | PUT | SWEEP | BEARISH | 11/17/23 | $22.50 | $572.7K | 220 | 1.0K |
AIRS | CALL | SWEEP | BEARISH | 05/19/23 | $6.00 | $107.5K | 512 | 500 |
CTLT | CALL | SWEEP | BEARISH | 06/16/23 | $35.00 | $32.2K | 3.0K | 265 |
PFE | PUT | TRADE | BULLISH | 01/19/24 | $35.00 | $38.0K | 22.2K | 190 |
TGTX | PUT | SWEEP | BEARISH | 06/16/23 | $32.00 | $35.1K | 232 | 178 |
MDT | CALL | SWEEP | BEARISH | 06/16/23 | $87.50 | $35.6K | 3.6K | 124 |
HZNP | PUT | SWEEP | BEARISH | 11/17/23 | $105.00 | $85.6K | 951 | 84 |
ARQT | PUT | SWEEP | BEARISH | 09/15/23 | $12.50 | $25.4K | 254 | 77 |
UNH | CALL | TRADE | BEARISH | 06/21/24 | $590.00 | $61.5K | 185 | 55 |
MRK | CALL | SWEEP | BEARISH | 01/19/24 | $105.00 | $46.0K | 3.5K | 31 |
Explanation
These bullet-by-bullet explanations have been constructed using the accompanying table.
• For SAVA SAVA, we notice a put option sweep that happens to be bearish, expiring in 183 day(s) on November 17, 2023. This event was a transfer of 1000 contract(s) at a $22.50 strike. This particular put needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $572.7K, with a price of $573.0 per contract. There were 220 open contracts at this strike prior to today, and today 1000 contract(s) were bought and sold.
• Regarding AIRS AIRS, we observe a call option sweep with bearish sentiment. It expires in 1 day(s) on May 19, 2023. Parties traded 489 contract(s) at a $6.00 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 $107.5K, with a price of $220.0 per contract. There were 512 open contracts at this strike prior to today, and today 500 contract(s) were bought and sold.
• For CTLT CTLT, we notice a call option sweep that happens to be bearish, expiring in 29 day(s) on June 16, 2023. This event was a transfer of 182 contract(s) at a $35.00 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 $32.2K, with a price of $180.0 per contract. There were 3004 open contracts at this strike prior to today, and today 265 contract(s) were bought and sold.
• For PFE PFE, we notice a put option trade that happens to be bullish, expiring in 246 day(s) on January 19, 2024. This event was a transfer of 199 contract(s) at a $35.00 strike. The total cost received by the writing party (or parties) was $38.0K, with a price of $191.0 per contract. There were 22268 open contracts at this strike prior to today, and today 190 contract(s) were bought and sold.
• For TGTX TGTX, we notice a put option sweep that happens to be bearish, expiring in 29 day(s) on June 16, 2023. This event was a transfer of 90 contract(s) at a $32.00 strike. This particular put needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $35.1K, with a price of $390.0 per contract. There were 232 open contracts at this strike prior to today, and today 178 contract(s) were bought and sold.
• For MDT MDT, we notice a call option sweep that happens to be bearish, expiring in 29 day(s) on June 16, 2023. This event was a transfer of 117 contract(s) at a $87.50 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 $35.6K, with a price of $305.0 per contract. There were 3629 open contracts at this strike prior to today, and today 124 contract(s) were bought and sold.
• Regarding HZNP HZNP, we observe a put option sweep with bearish sentiment. It expires in 183 day(s) on November 17, 2023. Parties traded 84 contract(s) at a $105.00 strike. This particular put needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $85.6K, with a price of $1020.0 per contract. There were 951 open contracts at this strike prior to today, and today 84 contract(s) were bought and sold.
• For ARQT ARQT, we notice a put option sweep that happens to be bearish, expiring in 120 day(s) on September 15, 2023. This event was a transfer of 77 contract(s) at a $12.50 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 $25.4K, with a price of $330.0 per contract. There were 254 open contracts at this strike prior to today, and today 77 contract(s) were bought and sold.
• Regarding UNH UNH, we observe a call option trade with bearish sentiment. It expires in 400 day(s) on June 21, 2024. Parties traded 50 contract(s) at a $590.00 strike. The total cost received by the writing party (or parties) was $61.5K, with a price of $1230.0 per contract. There were 185 open contracts at this strike prior to today, and today 55 contract(s) were bought and sold.
• Regarding MRK MRK, we observe a call option sweep with bearish sentiment. It expires in 246 day(s) on January 19, 2024. Parties traded 31 contract(s) at a $105.00 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 $46.0K, with a price of $1485.0 per contract. There were 3555 open contracts at this strike prior to today, and today 31 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.
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