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.
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 |
---|---|---|---|---|---|---|---|---|
JNJ | PUT | SWEEP | NEUTRAL | 10/20/23 | $165.00 | $30.7K | 12.4K | 2.0K |
VEEV | PUT | TRADE | BULLISH | 09/15/23 | $220.00 | $45.0K | 3.4K | 708 |
SYK | CALL | SWEEP | BEARISH | 01/19/24 | $320.00 | $35.4K | 492 | 309 |
MRNA | CALL | SWEEP | BULLISH | 10/20/23 | $110.00 | $29.7K | 1.9K | 212 |
ABBV | CALL | SWEEP | BEARISH | 01/17/25 | $180.00 | $45.3K | 1.2K | 75 |
MRK | CALL | TRADE | NEUTRAL | 01/17/25 | $110.00 | $28.7K | 1.0K | 62 |
SRPT | PUT | SWEEP | BEARISH | 11/17/23 | $120.00 | $145.7K | 268 | 59 |
VRTX | PUT | SWEEP | BEARISH | 01/19/24 | $360.00 | $25.1K | 264 | 56 |
DHR | CALL | TRADE | BEARISH | 06/21/24 | $250.00 | $26.1K | 110 | 37 |
LLY | CALL | TRADE | BULLISH | 09/15/23 | $480.00 | $244.0K | 1.2K | 27 |
Explanation
These bullet-by-bullet explanations have been constructed using the accompanying table.
• For JNJ JNJ, we notice a put option sweep that happens to be neutral, expiring in 36 day(s) on October 20, 2023. This event was a transfer of 100 contract(s) at a $165.00 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 $30.7K, with a price of $307.0 per contract. There were 12426 open contracts at this strike prior to today, and today 2012 contract(s) were bought and sold.
• For VEEV VEEV, we notice a put option trade that happens to be bullish, expiring in 1 day(s) on September 15, 2023. This event was a transfer of 50 contract(s) at a $220.00 strike. The total cost received by the writing party (or parties) was $45.0K, with a price of $900.0 per contract. There were 3418 open contracts at this strike prior to today, and today 708 contract(s) were bought and sold.
• Regarding SYK SYK, we observe a call option sweep with bearish sentiment. It expires in 127 day(s) on January 19, 2024. Parties traded 59 contract(s) at a $320.00 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 $35.4K, with a price of $600.0 per contract. There were 492 open contracts at this strike prior to today, and today 309 contract(s) were bought and sold.
• Regarding MRNA MRNA, we observe a call option sweep with bullish sentiment. It expires in 36 day(s) on October 20, 2023. Parties traded 37 contract(s) at a $110.00 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 $29.7K, with a price of $805.0 per contract. There were 1931 open contracts at this strike prior to today, and today 212 contract(s) were bought and sold.
• For ABBV ABBV, we notice a call option sweep that happens to be bearish, expiring in 491 day(s) on January 17, 2025. This event was a transfer of 75 contract(s) at a $180.00 strike. This particular call needed to be split into 12 different trades to become filled. The total cost received by the writing party (or parties) was $45.3K, with a price of $605.0 per contract. There were 1215 open contracts at this strike prior to today, and today 75 contract(s) were bought and sold.
• Regarding MRK MRK, we observe a call option trade with neutral sentiment. It expires in 491 day(s) on January 17, 2025. Parties traded 25 contract(s) at a $110.00 strike. The total cost received by the writing party (or parties) was $28.7K, with a price of $1150.0 per contract. There were 1090 open contracts at this strike prior to today, and today 62 contract(s) were bought and sold.
• Regarding SRPT SRPT, we observe a put option sweep with bearish sentiment. It expires in 64 day(s) on November 17, 2023. Parties traded 59 contract(s) at a $120.00 strike. This particular put needed to be split into 12 different trades to become filled. The total cost received by the writing party (or parties) was $145.7K, with a price of $2470.0 per contract. There were 268 open contracts at this strike prior to today, and today 59 contract(s) were bought and sold.
• Regarding VRTX VRTX, we observe a put option sweep with bearish sentiment. It expires in 127 day(s) on January 19, 2024. Parties traded 11 contract(s) at a $360.00 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 $25.1K, with a price of $2290.0 per contract. There were 264 open contracts at this strike prior to today, and today 56 contract(s) were bought and sold.
• For DHR DHR, we notice a call option trade that happens to be bearish, expiring in 281 day(s) on June 21, 2024. This event was a transfer of 9 contract(s) at a $250.00 strike. The total cost received by the writing party (or parties) was $26.1K, with a price of $2910.0 per contract. There were 110 open contracts at this strike prior to today, and today 37 contract(s) were bought and sold.
• For LLY LLY, we notice a call option trade that happens to be bullish, expiring in 1 day(s) on September 15, 2023. This event was a transfer of 21 contract(s) at a $480.00 strike. The total cost received by the writing party (or parties) was $244.0K, with a price of $11621.0 per contract. There were 1273 open contracts at this strike prior to today, and today 27 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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