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 |
---|---|---|---|---|---|---|---|---|
NVAX | PUT | SWEEP | BULLISH | 10/20/23 | $7.50 | $37.6K | 12.8K | 1.7K |
AMLX | CALL | TRADE | BULLISH | 05/17/24 | $20.00 | $29.9K | 4.7K | 1.6K |
APLS | CALL | SWEEP | BEARISH | 11/17/23 | $50.00 | $46.5K | 3.0K | 524 |
DXCM | CALL | SWEEP | BEARISH | 01/19/24 | $105.00 | $66.4K | 573 | 500 |
AMGN | CALL | SWEEP | BULLISH | 01/17/25 | $350.00 | $25.0K | 139 | 320 |
PODD | CALL | SWEEP | BULLISH | 03/15/24 | $190.00 | $33.5K | 127 | 307 |
PFE | PUT | TRADE | NEUTRAL | 12/19/25 | $35.00 | $31.2K | 9.9K | 204 |
REGN | CALL | TRADE | NEUTRAL | 01/17/25 | $1040.00 | $562.5K | 69 | 100 |
CNC | PUT | SWEEP | BULLISH | 01/16/26 | $70.00 | $168.0K | 14 | 20 |
NVO | CALL | TRADE | NEUTRAL | 10/27/23 | $75.00 | $38.7K | 55 | 15 |
Explanation
These bullet-by-bullet explanations have been constructed using the accompanying table.
• Regarding NVAX NVAX, we observe a put option sweep with bullish sentiment. It expires in 2 day(s) on October 20, 2023. Parties traded 333 contract(s) at a $7.50 strike. This particular put needed to be split into 18 different trades to become filled. The total cost received by the writing party (or parties) was $37.6K, with a price of $113.0 per contract. There were 12813 open contracts at this strike prior to today, and today 1707 contract(s) were bought and sold.
• For AMLX AMLX, we notice a call option trade that happens to be bullish, expiring in 212 day(s) on May 17, 2024. This event was a transfer of 44 contract(s) at a $20.00 strike. The total cost received by the writing party (or parties) was $29.9K, with a price of $680.0 per contract. There were 4701 open contracts at this strike prior to today, and today 1643 contract(s) were bought and sold.
• For APLS APLS, we notice a call option sweep that happens to be bearish, expiring in 30 day(s) on November 17, 2023. This event was a transfer of 133 contract(s) at a $50.00 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 $46.5K, with a price of $350.0 per contract. There were 3002 open contracts at this strike prior to today, and today 524 contract(s) were bought and sold.
• For DXCM DXCM, we notice a call option sweep that happens to be bearish, expiring in 93 day(s) on January 19, 2024. This event was a transfer of 250 contract(s) at a $105.00 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 $66.4K, with a price of $265.0 per contract. There were 573 open contracts at this strike prior to today, and today 500 contract(s) were bought and sold.
• Regarding AMGN AMGN, we observe a call option sweep with bullish sentiment. It expires in 457 day(s) on January 17, 2025. Parties traded 24 contract(s) at a $350.00 strike. This particular call needed to be split into 24 different trades to become filled. The total cost received by the writing party (or parties) was $25.0K, with a price of $1045.0 per contract. There were 139 open contracts at this strike prior to today, and today 320 contract(s) were bought and sold.
• For PODD PODD, we notice a call option sweep that happens to be bullish, expiring in 149 day(s) on March 15, 2024. This event was a transfer of 46 contract(s) at a $190.00 strike. This particular call needed to be split into 17 different trades to become filled. The total cost received by the writing party (or parties) was $33.5K, with a price of $730.0 per contract. There were 127 open contracts at this strike prior to today, and today 307 contract(s) were bought and sold.
• Regarding PFE PFE, we observe a put option trade with neutral sentiment. It expires in 793 day(s) on December 19, 2025. Parties traded 50 contract(s) at a $35.00 strike. The total cost received by the writing party (or parties) was $31.2K, with a price of $625.0 per contract. There were 9905 open contracts at this strike prior to today, and today 204 contract(s) were bought and sold.
• Regarding REGN REGN, we observe a call option trade with neutral sentiment. It expires in 457 day(s) on January 17, 2025. Parties traded 100 contract(s) at a $1040.00 strike. The total cost received by the writing party (or parties) was $562.5K, with a price of $5625.0 per contract. There were 69 open contracts at this strike prior to today, and today 100 contract(s) were bought and sold.
• Regarding CNC CNC, we observe a put option sweep with bullish sentiment. It expires in 821 day(s) on January 16, 2026. Parties traded 200 contract(s) at a $70.00 strike. This particular put needed to be split into 8 different trades to become filled. The total cost received by the writing party (or parties) was $168.0K, with a price of $840.0 per contract. There were 14 open contracts at this strike prior to today, and today 20 contract(s) were bought and sold.
• Regarding NVO NVO, we observe a call option trade with neutral sentiment. It expires in 9 day(s) on October 27, 2023. Parties traded 15 contract(s) at a $75.00 strike. The total cost received by the writing party (or parties) was $38.7K, with a price of $2585.0 per contract. There were 55 open contracts at this strike prior to today, and today 15 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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