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 |
---|---|---|---|---|---|---|---|---|
PFE | CALL | SWEEP | NEUTRAL | 01/20/23 | $55.00 | $121.1K | 48.4K | 6.3K |
MRNA | PUT | SWEEP | BEARISH | 12/16/22 | $210.00 | $34.9K | 176 | 3.3K |
ISEE | PUT | SWEEP | BEARISH | 01/20/23 | $20.00 | $29.4K | 1.5K | 2.6K |
BSX | CALL | SWEEP | BULLISH | 12/16/22 | $44.00 | $131.6K | 6.3K | 2.0K |
MRK | PUT | SWEEP | NEUTRAL | 03/17/23 | $110.00 | $64.5K | 2.0K | 545 |
EXAS | CALL | SWEEP | BULLISH | 01/20/23 | $62.50 | $62.5K | 284 | 500 |
SYK | CALL | SWEEP | BULLISH | 12/16/22 | $230.00 | $109.4K | 962 | 411 |
ISRG | CALL | TRADE | BULLISH | 12/16/22 | $265.00 | $37.2K | 551 | 356 |
DHR | CALL | TRADE | NEUTRAL | 01/27/23 | $280.00 | $26.4K | 62 | 102 |
ELV | CALL | TRADE | NEUTRAL | 12/16/22 | $500.00 | $31.3K | 447 | 91 |
Explanation
These bullet-by-bullet explanations have been constructed using the accompanying table.
• For PFE PFE, we notice a call option sweep that happens to be neutral, expiring in 37 day(s) on January 20, 2023. This event was a transfer of 750 contract(s) at a $55.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $121.1K, with a price of $163.0 per contract. There were 48410 open contracts at this strike prior to today, and today 6300 contract(s) were bought and sold.
• For MRNA MRNA, we notice a put option sweep that happens to be bearish, expiring in 2 day(s) on December 16, 2022. This event was a transfer of 76 contract(s) at a $210.00 strike. This particular put needed to be split into 22 different trades to become filled. The total cost received by the writing party (or parties) was $34.9K, with a price of $460.0 per contract. There were 176 open contracts at this strike prior to today, and today 3389 contract(s) were bought and sold.
• For ISEE ISEE, we notice a put option sweep that happens to be bearish, expiring in 37 day(s) on January 20, 2023. This event was a transfer of 327 contract(s) at a $20.00 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 $29.4K, with a price of $90.0 per contract. There were 1553 open contracts at this strike prior to today, and today 2690 contract(s) were bought and sold.
• Regarding BSX BSX, we observe a call option sweep with bullish sentiment. It expires in 2 day(s) on December 16, 2022. Parties traded 376 contract(s) at a $44.00 strike. This particular call needed to be split into 24 different trades to become filled. The total cost received by the writing party (or parties) was $131.6K, with a price of $350.0 per contract. There were 6397 open contracts at this strike prior to today, and today 2078 contract(s) were bought and sold.
• Regarding MRK MRK, we observe a put option sweep with neutral sentiment. It expires in 93 day(s) on March 17, 2023. Parties traded 172 contract(s) at a $110.00 strike. This particular put needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $64.5K, with a price of $375.0 per contract. There were 2040 open contracts at this strike prior to today, and today 545 contract(s) were bought and sold.
• For EXAS EXAS, we notice a call option sweep that happens to be bullish, expiring in 37 day(s) on January 20, 2023. This event was a transfer of 500 contract(s) at a $62.50 strike. This particular call needed to be split into 47 different trades to become filled. The total cost received by the writing party (or parties) was $62.5K, with a price of $125.0 per contract. There were 284 open contracts at this strike prior to today, and today 500 contract(s) were bought and sold.
• For SYK SYK, we notice a call option sweep that happens to be bullish, expiring in 2 day(s) on December 16, 2022. This event was a transfer of 38 contract(s) at a $230.00 strike. This particular call needed to be split into 16 different trades to become filled. The total cost received by the writing party (or parties) was $109.4K, with a price of $2880.0 per contract. There were 962 open contracts at this strike prior to today, and today 411 contract(s) were bought and sold.
• For ISRG ISRG, we notice a call option trade that happens to be bullish, expiring in 2 day(s) on December 16, 2022. This event was a transfer of 20 contract(s) at a $265.00 strike. The total cost received by the writing party (or parties) was $37.2K, with a price of $1860.0 per contract. There were 551 open contracts at this strike prior to today, and today 356 contract(s) were bought and sold.
• Regarding DHR DHR, we observe a call option trade with neutral sentiment. It expires in 44 day(s) on January 27, 2023. Parties traded 23 contract(s) at a $280.00 strike. The total cost received by the writing party (or parties) was $26.4K, with a price of $1150.0 per contract. There were 62 open contracts at this strike prior to today, and today 102 contract(s) were bought and sold.
• For ELV ELV, we notice a call option trade that happens to be neutral, expiring in 2 day(s) on December 16, 2022. This event was a transfer of 14 contract(s) at a $500.00 strike. The total cost received by the writing party (or parties) was $31.3K, with a price of $2240.0 per contract. There were 447 open contracts at this strike prior to today, and today 91 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.
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