10 Health Care Stocks Whale Activity In Today's Session

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:

Explanation

These itemized elaborations have been created using the accompanying table.

• Regarding MDRX MDRX, we observe a put option sweep with bearish sentiment. It expires in 134 day(s) on March 15, 2024. Parties traded 978 contract(s) at a $10.00 strike. This particular put needed to be split into 19 different trades to become filled. The total cost received by the writing party (or parties) was $34.2K, with a price of $35.0 per contract. There were 6501 open contracts at this strike prior to today, and today 4128 contract(s) were bought and sold.

• Regarding ACAD ACAD, we observe a call option sweep with bullish sentiment. It expires in 15 day(s) on November 17, 2023. Parties traded 311 contract(s) at a $23.00 strike. This particular call needed to be split into 21 different trades to become filled. The total cost received by the writing party (or parties) was $31.1K, with a price of $100.0 per contract. There were 6914 open contracts at this strike prior to today, and today 1633 contract(s) were bought and sold.

• For LNTH LNTH, we notice a call option sweep that happens to be bullish, expiring in 43 day(s) on December 15, 2023. This event was a transfer of 203 contract(s) at a $70.00 strike. This particular call needed to be split into 20 different trades to become filled. The total cost received by the writing party (or parties) was $37.4K, with a price of $185.0 per contract. There were 222 open contracts at this strike prior to today, and today 984 contract(s) were bought and sold.

• Regarding SGEN SGEN, we observe a call option trade with neutral sentiment. It expires in 43 day(s) on December 15, 2023. Parties traded 236 contract(s) at a $220.00 strike. The total cost received by the writing party (or parties) was $106.2K, with a price of $450.0 per contract. There were 6704 open contracts at this strike prior to today, and today 320 contract(s) were bought and sold.

• Regarding ELV ELV, we observe a put option trade with neutral sentiment. It expires in 134 day(s) on March 15, 2024. Parties traded 14 contract(s) at a $460.00 strike. The total cost received by the writing party (or parties) was $40.0K, with a price of $2860.0 per contract. There were 31 open contracts at this strike prior to today, and today 257 contract(s) were bought and sold.

• For MRNA MRNA, we notice a put option trade that happens to be bullish, expiring in 806 day(s) on January 16, 2026. This event was a transfer of 25 contract(s) at a $90.00 strike. The total cost received by the writing party (or parties) was $76.1K, with a price of $3045.0 per contract. There were 295 open contracts at this strike prior to today, and today 181 contract(s) were bought and sold.

• For MDGL MDGL, we notice a call option trade that happens to be bearish, expiring in 169 day(s) on April 19, 2024. This event was a transfer of 100 contract(s) at a $165.00 strike. The total cost received by the writing party (or parties) was $218.0K, with a price of $2180.0 per contract. There were 19 open contracts at this strike prior to today, and today 100 contract(s) were bought and sold.

• For ABT ABT, we notice a call option sweep that happens to be bullish, expiring in 442 day(s) on January 17, 2025. This event was a transfer of 70 contract(s) at a $115.00 strike. This particular call needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $28.7K, with a price of $410.0 per contract. There were 774 open contracts at this strike prior to today, and today 70 contract(s) were bought and sold.

• Regarding MRK MRK, we observe a put option trade with bearish sentiment. It expires in 43 day(s) on December 15, 2023. Parties traded 33 contract(s) at a $115.00 strike. The total cost received by the writing party (or parties) was $40.5K, with a price of $1230.0 per contract. There were 65 open contracts at this strike prior to today, and today 66 contract(s) were bought and sold.

• Regarding HCA HCA, we observe a call option sweep with bullish sentiment. It expires in 442 day(s) on January 17, 2025. Parties traded 17 contract(s) at a $280.00 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 $26.5K, with a price of $1560.0 per contract. There were 39 open contracts at this strike prior to today, and today 17 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.