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 |
---|---|---|---|---|---|---|---|---|
GILD | PUT | TRADE | NEUTRAL | 12/15/23 | $65.00 | $561.5K | 10.0K | 10.0K |
LLY | PUT | SWEEP | BEARISH | 10/06/23 | $500.00 | $27.0K | 151 | 1.1K |
MRNA | CALL | SWEEP | BEARISH | 10/20/23 | $105.00 | $40.2K | 3.3K | 1.0K |
FLGT | CALL | SWEEP | BEARISH | 11/17/23 | $25.00 | $179.4K | 1.0K | 641 |
ABT | CALL | TRADE | BULLISH | 02/16/24 | $105.00 | $26.5K | 8.8K | 506 |
EXEL | CALL | TRADE | BEARISH | 01/19/24 | $25.00 | $40.0K | 5.6K | 420 |
VEEV | CALL | SWEEP | BULLISH | 11/17/23 | $220.00 | $35.1K | 285 | 142 |
NARI | PUT | TRADE | BEARISH | 05/17/24 | $65.00 | $26.6K | 0 | 103 |
MRK | CALL | TRADE | NEUTRAL | 12/19/25 | $120.00 | $26.0K | 652 | 72 |
SRPT | PUT | SWEEP | BULLISH | 10/27/23 | $131.00 | $51.9K | 0 | 22 |
Explanation
These bullet-by-bullet explanations have been constructed using the accompanying table.
• Regarding GILD GILD, we observe a put option trade with neutral sentiment. It expires in 77 day(s) on December 15, 2023. Parties traded 9851 contract(s) at a $65.00 strike. The total cost received by the writing party (or parties) was $561.5K, with a price of $57.0 per contract. There were 10030 open contracts at this strike prior to today, and today 10000 contract(s) were bought and sold.
• For LLY LLY, we notice a put option sweep that happens to be bearish, expiring in 7 day(s) on October 6, 2023. This event was a transfer of 246 contract(s) at a $500.00 strike. This particular put needed to be split into 29 different trades to become filled. The total cost received by the writing party (or parties) was $27.0K, with a price of $110.0 per contract. There were 151 open contracts at this strike prior to today, and today 1182 contract(s) were bought and sold.
• Regarding MRNA MRNA, we observe a call option sweep with bearish sentiment. It expires in 21 day(s) on October 20, 2023. Parties traded 100 contract(s) at a $105.00 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 $40.2K, with a price of $400.0 per contract. There were 3380 open contracts at this strike prior to today, and today 1094 contract(s) were bought and sold.
• Regarding FLGT FLGT, we observe a call option sweep with bearish sentiment. It expires in 49 day(s) on November 17, 2023. Parties traded 641 contract(s) at a $25.00 strike. This particular call needed to be split into 32 different trades to become filled. The total cost received by the writing party (or parties) was $179.4K, with a price of $280.0 per contract. There were 1000 open contracts at this strike prior to today, and today 641 contract(s) were bought and sold.
• Regarding ABT ABT, we observe a call option trade with bullish sentiment. It expires in 140 day(s) on February 16, 2024. Parties traded 100 contract(s) at a $105.00 strike. The total cost received by the writing party (or parties) was $26.5K, with a price of $265.0 per contract. There were 8830 open contracts at this strike prior to today, and today 506 contract(s) were bought and sold.
• Regarding EXEL EXEL, we observe a call option trade with bearish sentiment. It expires in 112 day(s) on January 19, 2024. Parties traded 400 contract(s) at a $25.00 strike. The total cost received by the writing party (or parties) was $40.0K, with a price of $100.0 per contract. There were 5651 open contracts at this strike prior to today, and today 420 contract(s) were bought and sold.
• For VEEV VEEV, we notice a call option sweep that happens to be bullish, expiring in 49 day(s) on November 17, 2023. This event was a transfer of 119 contract(s) at a $220.00 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 $35.1K, with a price of $295.0 per contract. There were 285 open contracts at this strike prior to today, and today 142 contract(s) were bought and sold.
• Regarding NARI NARI, we observe a put option trade with bearish sentiment. It expires in 231 day(s) on May 17, 2024. Parties traded 29 contract(s) at a $65.00 strike. The total cost received by the writing party (or parties) was $26.6K, with a price of $920.0 per contract. There were 0 open contracts at this strike prior to today, and today 103 contract(s) were bought and sold.
• Regarding MRK MRK, we observe a call option trade with neutral sentiment. It expires in 812 day(s) on December 19, 2025. Parties traded 30 contract(s) at a $120.00 strike. The total cost received by the writing party (or parties) was $26.0K, with a price of $867.0 per contract. There were 652 open contracts at this strike prior to today, and today 72 contract(s) were bought and sold.
• Regarding SRPT SRPT, we observe a put option sweep with bullish sentiment. It expires in 28 day(s) on October 27, 2023. Parties traded 22 contract(s) at a $131.00 strike. This particular put needed to be split into 11 different trades to become filled. The total cost received by the writing party (or parties) was $51.9K, with a price of $2360.0 per contract. There were 0 open contracts at this strike prior to today, and today 22 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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