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 |
---|---|---|---|---|---|---|---|---|
PFE | CALL | SWEEP | BULLISH | 11/03/23 | $31.00 | $34.6K | 937 | 16.5K |
SGEN | PUT | TRADE | BULLISH | 12/15/23 | $190.00 | $195.0K | 3.2K | 1.5K |
LLY | PUT | SWEEP | NEUTRAL | 11/17/23 | $590.00 | $91.1K | 425 | 158 |
MRNA | PUT | SWEEP | BEARISH | 01/19/24 | $80.00 | $46.5K | 2.3K | 99 |
WST | CALL | TRADE | BEARISH | 11/17/23 | $370.00 | $44.7K | 1 | 79 |
AMGN | CALL | SWEEP | BEARISH | 01/19/24 | $290.00 | $28.1K | 1.7K | 55 |
ELV | CALL | SWEEP | BULLISH | 12/15/23 | $470.00 | $33.3K | 670 | 39 |
SRPT | CALL | SWEEP | BEARISH | 11/10/23 | $150.00 | $31.6K | 5 | 28 |
TMO | CALL | TRADE | NEUTRAL | 01/17/25 | $450.00 | $28.4K | 1 | 5 |
HCA | PUT | SWEEP | BULLISH | 06/21/24 | $230.00 | $35.8K | 13 | 2 |
Explanation
These bullet-by-bullet explanations have been constructed using the accompanying table.
• Regarding PFE PFE, we observe a call option sweep with bullish sentiment. It expires in 9 day(s) on November 3, 2023. Parties traded 494 contract(s) at a $31.00 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $34.6K, with a price of $70.0 per contract. There were 937 open contracts at this strike prior to today, and today 16585 contract(s) were bought and sold.
• For SGEN SGEN, we notice a put option trade that happens to be bullish, expiring in 51 day(s) on December 15, 2023. This event was a transfer of 1500 contract(s) at a $190.00 strike. The total cost received by the writing party (or parties) was $195.0K, with a price of $130.0 per contract. There were 3278 open contracts at this strike prior to today, and today 1507 contract(s) were bought and sold.
• For LLY LLY, we notice a put option sweep that happens to be neutral, expiring in 23 day(s) on November 17, 2023. This event was a transfer of 40 contract(s) at a $590.00 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 $91.1K, with a price of $2277.0 per contract. There were 425 open contracts at this strike prior to today, and today 158 contract(s) were bought and sold.
• For MRNA MRNA, we notice a put option sweep that happens to be bearish, expiring in 86 day(s) on January 19, 2024. This event was a transfer of 50 contract(s) at a $80.00 strike. This particular put needed to be split into 10 different trades to become filled. The total cost received by the writing party (or parties) was $46.5K, with a price of $930.0 per contract. There were 2370 open contracts at this strike prior to today, and today 99 contract(s) were bought and sold.
• For WST WST, we notice a call option trade that happens to be bearish, expiring in 23 day(s) on November 17, 2023. This event was a transfer of 41 contract(s) at a $370.00 strike. The total cost received by the writing party (or parties) was $44.7K, with a price of $1091.0 per contract. There were 1 open contracts at this strike prior to today, and today 79 contract(s) were bought and sold.
• For AMGN AMGN, we notice a call option sweep that happens to be bearish, expiring in 86 day(s) on January 19, 2024. This event was a transfer of 49 contract(s) at a $290.00 strike. This particular call needed to be split into 13 different trades to become filled. The total cost received by the writing party (or parties) was $28.1K, with a price of $575.0 per contract. There were 1737 open contracts at this strike prior to today, and today 55 contract(s) were bought and sold.
• For ELV ELV, we notice a call option sweep that happens to be bullish, expiring in 51 day(s) on December 15, 2023. This event was a transfer of 38 contract(s) at a $470.00 strike. This particular call needed to be split into 18 different trades to become filled. The total cost received by the writing party (or parties) was $33.3K, with a price of $880.0 per contract. There were 670 open contracts at this strike prior to today, and today 39 contract(s) were bought and sold.
• For SRPT SRPT, we notice a call option sweep that happens to be bearish, expiring in 16 day(s) on November 10, 2023. This event was a transfer of 25 contract(s) at a $150.00 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $31.6K, with a price of $1260.0 per contract. There were 5 open contracts at this strike prior to today, and today 28 contract(s) were bought and sold.
• For TMO TMO, we notice a call option trade that happens to be neutral, expiring in 450 day(s) on January 17, 2025. This event was a transfer of 5 contract(s) at a $450.00 strike. The total cost received by the writing party (or parties) was $28.4K, with a price of $5695.0 per contract. There were 1 open contracts at this strike prior to today, and today 5 contract(s) were bought and sold.
• Regarding HCA HCA, we observe a put option sweep with bullish sentiment. It expires in 240 day(s) on June 21, 2024. Parties traded 17 contract(s) at a $230.00 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 $35.8K, with a price of $2110.0 per contract. There were 13 open contracts at this strike prior to today, and today 2 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.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.