This unusual options alert can help traders discover the next big trading opportunities. Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. Unusual trading activity could push option prices to exaggerated or underestimated levels.
Below are some instances of unusual 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 | TRADE | BEARISH | 08/20/21 | $45.00 | $45.7K | 8.9K | 17.3K |
| AZN | PUT | SWEEP | BEARISH | 01/21/22 | $47.50 | $32.5K | 5.6K | 1.1K |
| TVTX | PUT | TRADE | BULLISH | 01/21/22 | $7.50 | $42.0K | 328 | 601 |
| CCXI | PUT | TRADE | BEARISH | 10/15/21 | $10.00 | $74.0K | 1.9K | 600 |
| FGEN | CALL | TRADE | BULLISH | 09/17/21 | $17.50 | $25.0K | 475 | 501 |
| NUVA | PUT | TRADE | BEARISH | 09/17/21 | $60.00 | $55.5K | 1 | 301 |
| ARCT | CALL | SWEEP | BULLISH | 09/17/21 | $35.00 | $102.0K | 197 | 212 |
| VRTX | CALL | SWEEP | BULLISH | 09/17/21 | $220.00 | $29.0K | 62 | 203 |
| TEVA | CALL | TRADE | NEUTRAL | 08/20/21 | $8.00 | $37.0K | 526 | 200 |
| CNC | CALL | SWEEP | BULLISH | 12/17/21 | $77.50 | $70.6K | 162 | 7 |
Explanation
These itemized elaborations have been created using the accompanying table.
• For PFE PFE, we notice a call option trade that happens to be bearish, expiring in 18 day(s) on August 20, 2021. This event was a transfer of 1431 contract(s) at a $45.00 strike. The total cost received by the writing party (or parties) was $45.7K, with a price of $32.0 per contract. There were 8958 open contracts at this strike prior to today, and today 17366 contract(s) were bought and sold.
• Regarding AZN AZN, we observe a put option sweep with bearish sentiment. It expires in 172 day(s) on January 21, 2022. Parties traded 501 contract(s) at a $47.50 strike. This particular put needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was $32.5K, with a price of $65.0 per contract. There were 5652 open contracts at this strike prior to today, and today 1150 contract(s) were bought and sold.
• Regarding TVTX TVTX, we observe a put option trade with bullish sentiment. It expires in 172 day(s) on January 21, 2022. Parties traded 600 contract(s) at a $7.50 strike. The total cost received by the writing party (or parties) was $42.0K, with a price of $70.0 per contract. There were 328 open contracts at this strike prior to today, and today 601 contract(s) were bought and sold.
• For CCXI CCXI, we notice a put option trade that happens to be bearish, expiring in 74 day(s) on October 15, 2021. This event was a transfer of 400 contract(s) at a $10.00 strike. The total cost received by the writing party (or parties) was $74.0K, with a price of $185.0 per contract. There were 1937 open contracts at this strike prior to today, and today 600 contract(s) were bought and sold.
• Regarding FGEN FGEN, we observe a call option trade with bullish sentiment. It expires in 46 day(s) on September 17, 2021. Parties traded 500 contract(s) at a $17.50 strike. The total cost received by the writing party (or parties) was $25.0K, with a price of $50.0 per contract. There were 475 open contracts at this strike prior to today, and today 501 contract(s) were bought and sold.
• For NUVA NUVA, we notice a put option trade that happens to be bearish, expiring in 46 day(s) on September 17, 2021. This event was a transfer of 300 contract(s) at a $60.00 strike. The total cost received by the writing party (or parties) was $55.5K, with a price of $185.0 per contract. There were 1 open contracts at this strike prior to today, and today 301 contract(s) were bought and sold.
• Regarding ARCT ARCT, we observe a call option sweep with bullish sentiment. It expires in 46 day(s) on September 17, 2021. Parties traded 200 contract(s) at a $35.00 strike. This particular call needed to be split into 12 different trades to become filled. The total cost received by the writing party (or parties) was $102.0K, with a price of $510.0 per contract. There were 197 open contracts at this strike prior to today, and today 212 contract(s) were bought and sold.
• Regarding VRTX VRTX, we observe a call option sweep with bullish sentiment. It expires in 46 day(s) on September 17, 2021. Parties traded 200 contract(s) at a $220.00 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 $29.0K, with a price of $145.0 per contract. There were 62 open contracts at this strike prior to today, and today 203 contract(s) were bought and sold.
• Regarding TEVA TEVA, we observe a call option trade with neutral sentiment. It expires in 18 day(s) on August 20, 2021. Parties traded 200 contract(s) at a $8.00 strike. The total cost received by the writing party (or parties) was $37.0K, with a price of $185.0 per contract. There were 526 open contracts at this strike prior to today, and today 200 contract(s) were bought and sold.
• Regarding CNC CNC, we observe a call option sweep with bullish sentiment. It expires in 137 day(s) on December 17, 2021. Parties traded 321 contract(s) at a $77.50 strike. This particular call needed to be split into 32 different trades to become filled. The total cost received by the writing party (or parties) was $70.6K, with a price of $220.0 per contract. There were 162 open contracts at this strike prior to today, and today 7 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.
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