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.

Below are some instances of options activity happening in the Health Care sector:

Explanation

These bullet-by-bullet explanations have been constructed using the accompanying table.

• For LLY LLY, we notice a put option sweep that happens to be bearish, expiring in 2 day(s) on November 17, 2023. This event was a transfer of 88 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 $59.8K, with a price of $680.0 per contract. There were 740 open contracts at this strike prior to today, and today 1491 contract(s) were bought and sold.

• Regarding PFE PFE, we observe a call option trade with neutral sentiment. It expires in 65 day(s) on January 19, 2024. Parties traded 5000 contract(s) at a $33.00 strike. The total cost received by the writing party (or parties) was $205.0K, with a price of $41.0 per contract. There were 12503 open contracts at this strike prior to today, and today 1067 contract(s) were bought and sold.

• For BMY BMY, we notice a call option trade that happens to be neutral, expiring in 429 day(s) on January 17, 2025. This event was a transfer of 600 contract(s) at a $55.00 strike. The total cost received by the writing party (or parties) was $207.0K, with a price of $345.0 per contract. There were 904 open contracts at this strike prior to today, and today 603 contract(s) were bought and sold.

• Regarding PODD PODD, we observe a call option sweep with bullish sentiment. It expires in 30 day(s) on December 15, 2023. Parties traded 128 contract(s) at a $200.00 strike. This particular call needed to be split into 10 different trades to become filled. The total cost received by the writing party (or parties) was $35.8K, with a price of $280.0 per contract. There were 299 open contracts at this strike prior to today, and today 428 contract(s) were bought and sold.

• Regarding MCK MCK, we observe a put option sweep with neutral sentiment. It expires in 2 day(s) on November 17, 2023. Parties traded 31 contract(s) at a $460.00 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 $43.8K, with a price of $1419.0 per contract. There were 661 open contracts at this strike prior to today, and today 314 contract(s) were bought and sold.

• For VRTX VRTX, we notice a put option trade that happens to be bullish, expiring in 65 day(s) on January 19, 2024. This event was a transfer of 30 contract(s) at a $340.00 strike. The total cost received by the writing party (or parties) was $27.4K, with a price of $916.0 per contract. There were 1398 open contracts at this strike prior to today, and today 174 contract(s) were bought and sold.

• Regarding ABBV ABBV, we observe a put option trade with bullish sentiment. It expires in 184 day(s) on May 17, 2024. Parties traded 49 contract(s) at a $140.00 strike. The total cost received by the writing party (or parties) was $46.5K, with a price of $950.0 per contract. There were 2184 open contracts at this strike prior to today, and today 120 contract(s) were bought and sold.

• Regarding AMGN AMGN, we observe a call option trade with bearish sentiment. It expires in 2 day(s) on November 17, 2023. Parties traded 20 contract(s) at a $250.00 strike. The total cost received by the writing party (or parties) was $44.5K, with a price of $2225.0 per contract. There were 39 open contracts at this strike prior to today, and today 120 contract(s) were bought and sold.

• For IMGN IMGN, we notice a call option sweep that happens to be bearish, expiring in 2 day(s) on November 17, 2023. This event was a transfer of 750 contract(s) at a $16.00 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 $27.8K, with a price of $37.0 per contract. There were 7515 open contracts at this strike prior to today, and today 64 contract(s) were bought and sold.

• For TMO TMO, we notice a call option trade that happens to be bearish, expiring in 219 day(s) on June 21, 2024. This event was a transfer of 56 contract(s) at a $530.00 strike. The total cost received by the writing party (or parties) was $112.0K, with a price of $2000.0 per contract. There were 49 open contracts at this strike prior to today, and today 56 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.