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 |
|---|---|---|---|---|---|---|---|---|
| NVCR | PUT | SWEEP | BEARISH | 01/19/24 | $12.50 | $209.3K | 8 | 4.1K |
| NVST | CALL | TRADE | BULLISH | 11/17/23 | $30.00 | $56.3K | 1 | 1.8K |
| CYTK | CALL | SWEEP | BULLISH | 11/17/23 | $31.00 | $35.8K | 2 | 998 |
| CVS | PUT | SWEEP | BEARISH | 01/19/24 | $70.00 | $29.5K | 5.9K | 738 |
| TDOC | PUT | TRADE | BEARISH | 01/19/24 | $25.00 | $25.9K | 2.8K | 533 |
| CNC | CALL | SWEEP | BULLISH | 12/15/23 | $72.50 | $25.2K | 1.1K | 349 |
| JNJ | PUT | TRADE | BULLISH | 12/15/23 | $175.00 | $51.3K | 2 | 220 |
| ALNY | CALL | TRADE | BEARISH | 10/20/23 | $170.00 | $51.5K | 534 | 172 |
| LNTH | PUT | SWEEP | BULLISH | 04/19/24 | $65.00 | $26.1K | 8 | 50 |
| TMO | PUT | TRADE | BEARISH | 12/15/23 | $490.00 | $36.9K | 169 | 49 |
Explanation
These itemized elaborations have been created using the accompanying table.
• For NVCR NVCR, we notice a put option sweep that happens to be bearish, expiring in 106 day(s) on January 19, 2024. This event was a transfer of 2204 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 $209.3K, with a price of $95.0 per contract. There were 8 open contracts at this strike prior to today, and today 4143 contract(s) were bought and sold.
• Regarding NVST NVST, we observe a call option trade with bullish sentiment. It expires in 43 day(s) on November 17, 2023. Parties traded 1879 contract(s) at a $30.00 strike. The total cost received by the writing party (or parties) was $56.3K, with a price of $30.0 per contract. There were 1 open contracts at this strike prior to today, and today 1884 contract(s) were bought and sold.
• For CYTK CYTK, we notice a call option sweep that happens to be bullish, expiring in 43 day(s) on November 17, 2023. This event was a transfer of 398 contract(s) at a $31.00 strike. This particular call needed to be split into 19 different trades to become filled. The total cost received by the writing party (or parties) was $35.8K, with a price of $90.0 per contract. There were 2 open contracts at this strike prior to today, and today 998 contract(s) were bought and sold.
• Regarding CVS CVS, we observe a put option sweep with bearish sentiment. It expires in 106 day(s) on January 19, 2024. Parties traded 65 contract(s) at a $70.00 strike. This particular put needed to be split into 17 different trades to become filled. The total cost received by the writing party (or parties) was $29.5K, with a price of $455.0 per contract. There were 5949 open contracts at this strike prior to today, and today 738 contract(s) were bought and sold.
• For TDOC TDOC, we notice a put option trade that happens to be bearish, expiring in 106 day(s) on January 19, 2024. This event was a transfer of 37 contract(s) at a $25.00 strike. The total cost received by the writing party (or parties) was $25.9K, with a price of $700.0 per contract. There were 2831 open contracts at this strike prior to today, and today 533 contract(s) were bought and sold.
• Regarding CNC CNC, we observe a call option sweep with bullish sentiment. It expires in 71 day(s) on December 15, 2023. Parties traded 120 contract(s) at a $72.50 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 $25.2K, with a price of $210.0 per contract. There were 1159 open contracts at this strike prior to today, and today 349 contract(s) were bought and sold.
• Regarding JNJ JNJ, we observe a put option trade with bullish sentiment. It expires in 71 day(s) on December 15, 2023. Parties traded 28 contract(s) at a $175.00 strike. The total cost received by the writing party (or parties) was $51.3K, with a price of $1835.0 per contract. There were 2 open contracts at this strike prior to today, and today 220 contract(s) were bought and sold.
• For ALNY ALNY, we notice a call option trade that happens to be bearish, expiring in 15 day(s) on October 20, 2023. This event was a transfer of 50 contract(s) at a $170.00 strike. The total cost received by the writing party (or parties) was $51.5K, with a price of $1030.0 per contract. There were 534 open contracts at this strike prior to today, and today 172 contract(s) were bought and sold.
• For LNTH LNTH, we notice a put option sweep that happens to be bullish, expiring in 197 day(s) on April 19, 2024. This event was a transfer of 34 contract(s) at a $65.00 strike. This particular put needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $26.1K, with a price of $770.0 per contract. There were 8 open contracts at this strike prior to today, and today 50 contract(s) were bought and sold.
• Regarding TMO TMO, we observe a put option trade with bearish sentiment. It expires in 71 day(s) on December 15, 2023. Parties traded 20 contract(s) at a $490.00 strike. The total cost received by the writing party (or parties) was $36.9K, with a price of $1847.0 per contract. There were 169 open contracts at this strike prior to today, and today 49 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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