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 | 01/17/25 | $35.00 | $26.3K | 30.3K | 4.6K |
LLY | CALL | SWEEP | BEARISH | 11/17/23 | $590.00 | $33.2K | 1.6K | 2.1K |
IMGN | CALL | SWEEP | BULLISH | 01/19/24 | $21.00 | $120.9K | 638 | 1.2K |
DXCM | PUT | SWEEP | BEARISH | 03/15/24 | $80.00 | $44.1K | 560 | 500 |
MEDP | CALL | SWEEP | BEARISH | 11/17/23 | $270.00 | $112.8K | 195 | 91 |
BCYC | CALL | SWEEP | BULLISH | 12/15/23 | $15.00 | $26.5K | 1.0K | 86 |
OPCH | PUT | SWEEP | BEARISH | 01/17/25 | $32.50 | $37.9K | 10 | 73 |
TMO | CALL | TRADE | BEARISH | 01/17/25 | $540.00 | $42.0K | 140 | 0 |
REGN | CALL | SWEEP | BEARISH | 01/17/25 | $1000.00 | $41.1K | 99 | 0 |
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 428 day(s) on January 17, 2025. Parties traded 162 contract(s) at a $35.00 strike. This particular call needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $26.3K, with a price of $162.0 per contract. There were 30316 open contracts at this strike prior to today, and today 4690 contract(s) were bought and sold.
• For LLY LLY, we notice a call option sweep that happens to be bearish, expiring in 1 day(s) on November 17, 2023. This event was a transfer of 107 contract(s) at a $590.00 strike. This particular call needed to be split into 29 different trades to become filled. The total cost received by the writing party (or parties) was $33.2K, with a price of $310.0 per contract. There were 1666 open contracts at this strike prior to today, and today 2176 contract(s) were bought and sold.
• For IMGN IMGN, we notice a call option sweep that happens to be bullish, expiring in 64 day(s) on January 19, 2024. This event was a transfer of 1275 contract(s) at a $21.00 strike. This particular call needed to be split into 27 different trades to become filled. The total cost received by the writing party (or parties) was $120.9K, with a price of $95.0 per contract. There were 638 open contracts at this strike prior to today, and today 1275 contract(s) were bought and sold.
• Regarding DXCM DXCM, we observe a put option sweep with bearish sentiment. It expires in 120 day(s) on March 15, 2024. Parties traded 210 contract(s) at a $80.00 strike. This particular put needed to be split into 15 different trades to become filled. The total cost received by the writing party (or parties) was $44.1K, with a price of $210.0 per contract. There were 560 open contracts at this strike prior to today, and today 500 contract(s) were bought and sold.
• Regarding MEDP MEDP, we observe a call option sweep with bearish sentiment. It expires in 1 day(s) on November 17, 2023. Parties traded 91 contract(s) at a $270.00 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 $112.8K, with a price of $1240.0 per contract. There were 195 open contracts at this strike prior to today, and today 91 contract(s) were bought and sold.
• For BCYC BCYC, we notice a call option sweep that happens to be bullish, expiring in 29 day(s) on December 15, 2023. This event was a transfer of 100 contract(s) at a $15.00 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 $26.5K, with a price of $265.0 per contract. There were 1001 open contracts at this strike prior to today, and today 86 contract(s) were bought and sold.
• For OPCH OPCH, we notice a put option sweep that happens to be bearish, expiring in 428 day(s) on January 17, 2025. This event was a transfer of 73 contract(s) at a $32.50 strike. This particular put needed to be split into 12 different trades to become filled. The total cost received by the writing party (or parties) was $37.9K, with a price of $520.0 per contract. There were 10 open contracts at this strike prior to today, and today 73 contract(s) were bought and sold.
• For TMO TMO, we notice a call option trade that happens to be bearish, expiring in 428 day(s) on January 17, 2025. This event was a transfer of 12 contract(s) at a $540.00 strike. The total cost received by the writing party (or parties) was $42.0K, with a price of $3500.0 per contract. There were 140 open contracts at this strike prior to today, and today 0 contract(s) were bought and sold.
• Regarding REGN REGN, we observe a call option sweep with bearish sentiment. It expires in 428 day(s) on January 17, 2025. Parties traded 11 contract(s) at a $1000.00 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 $41.1K, with a price of $3740.0 per contract. There were 99 open contracts at this strike prior to today, and today 0 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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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