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 often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming 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 |
---|---|---|---|---|---|---|---|---|
TCDA | PUT | TRADE | BULLISH | 11/18/22 | $10.00 | $3.7 million | 23.7K | 7.1K |
ELAN | PUT | TRADE | BULLISH | 11/18/22 | $13.00 | $225.0K | 3.5K | 3.0K |
VRAY | PUT | SWEEP | BULLISH | 03/17/23 | $4.00 | $48.6K | 0 | 3.0K |
PACB | PUT | SWEEP | BEARISH | 10/28/22 | $9.00 | $49.3K | 0 | 2.3K |
BSX | CALL | TRADE | BULLISH | 12/16/22 | $42.00 | $132.0K | 1 | 800 |
ABBV | CALL | TRADE | BULLISH | 12/16/22 | $145.00 | $38.8K | 499 | 756 |
TGTX | PUT | SWEEP | BEARISH | 01/20/23 | $5.00 | $90.9K | 3.8K | 507 |
THC | CALL | SWEEP | BEARISH | 11/18/22 | $40.00 | $30.0K | 737 | 498 |
BMY | PUT | SWEEP | BULLISH | 11/18/22 | $75.00 | $60.0K | 5.1K | 200 |
MDGL | CALL | SWEEP | BULLISH | 11/18/22 | $100.00 | $25.9K | 1.0K | 177 |
Explanation
These itemized elaborations have been created using the accompanying table.
• Regarding TCDA TCDA, we observe a put option trade with bullish sentiment. It expires in 24 day(s) on November 18, 2022. Parties traded 3998 contract(s) at a $10.00 strike. The total cost received by the writing party (or parties) was $3.7 million, with a price of $940.0 per contract. There were 23740 open contracts at this strike prior to today, and today 7106 contract(s) were bought and sold.
• For ELAN ELAN, we notice a put option trade that happens to be bullish, expiring in 24 day(s) on November 18, 2022. This event was a transfer of 3000 contract(s) at a $13.00 strike. The total cost received by the writing party (or parties) was $225.0K, with a price of $75.0 per contract. There were 3534 open contracts at this strike prior to today, and today 3027 contract(s) were bought and sold.
• Regarding VRAY VRAY, we observe a put option sweep with bullish sentiment. It expires in 143 day(s) on March 17, 2023. Parties traded 1078 contract(s) at a $4.00 strike. This particular put needed to be split into 14 different trades to become filled. The total cost received by the writing party (or parties) was $48.6K, with a price of $45.0 per contract. There were 0 open contracts at this strike prior to today, and today 3000 contract(s) were bought and sold.
• For PACB PACB, we notice a put option sweep that happens to be bearish, expiring in 3 day(s) on October 28, 2022. This event was a transfer of 429 contract(s) at a $9.00 strike. This particular put needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $49.3K, with a price of $115.0 per contract. There were 0 open contracts at this strike prior to today, and today 2327 contract(s) were bought and sold.
• Regarding BSX BSX, we observe a call option trade with bullish sentiment. It expires in 52 day(s) on December 16, 2022. Parties traded 800 contract(s) at a $42.00 strike. The total cost received by the writing party (or parties) was $132.0K, with a price of $165.0 per contract. There were 1 open contracts at this strike prior to today, and today 800 contract(s) were bought and sold.
• Regarding ABBV ABBV, we observe a call option trade with bullish sentiment. It expires in 52 day(s) on December 16, 2022. Parties traded 38 contract(s) at a $145.00 strike. The total cost received by the writing party (or parties) was $38.8K, with a price of $1023.0 per contract. There were 499 open contracts at this strike prior to today, and today 756 contract(s) were bought and sold.
• For TGTX TGTX, we notice a put option sweep that happens to be bearish, expiring in 87 day(s) on January 20, 2023. This event was a transfer of 500 contract(s) at a $5.00 strike. This particular put needed to be split into 21 different trades to become filled. The total cost received by the writing party (or parties) was $90.9K, with a price of $185.0 per contract. There were 3850 open contracts at this strike prior to today, and today 507 contract(s) were bought and sold.
• Regarding THC THC, we observe a call option sweep with bearish sentiment. It expires in 24 day(s) on November 18, 2022. Parties traded 100 contract(s) at a $40.00 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 $30.0K, with a price of $300.0 per contract. There were 737 open contracts at this strike prior to today, and today 498 contract(s) were bought and sold.
• For BMY BMY, we notice a put option sweep that happens to be bullish, expiring in 24 day(s) on November 18, 2022. This event was a transfer of 200 contract(s) at a $75.00 strike. This particular put needed to be split into 20 different trades to become filled. The total cost received by the writing party (or parties) was $60.0K, with a price of $300.0 per contract. There were 5174 open contracts at this strike prior to today, and today 200 contract(s) were bought and sold.
• For MDGL MDGL, we notice a call option sweep that happens to be bullish, expiring in 24 day(s) on November 18, 2022. This event was a transfer of 24 contract(s) at a $100.00 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 $25.9K, with a price of $1080.0 per contract. There were 1069 open contracts at this strike prior to today, and today 177 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.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.