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 |
---|---|---|---|---|---|---|---|---|
SDGR | CALL | TRADE | BULLISH | 07/21/23 | $50.00 | $27.5K | 4.4K | 1.7K |
CAH | CALL | SWEEP | BEARISH | 09/15/23 | $100.00 | $31.7K | 168 | 796 |
HALO | CALL | SWEEP | BEARISH | 07/21/23 | $35.00 | $35.0K | 974 | 389 |
DHR | PUT | TRADE | BEARISH | 01/19/24 | $230.00 | $363.0K | 861 | 302 |
HUM | CALL | TRADE | BULLISH | 07/21/23 | $450.00 | $86.6K | 359 | 284 |
GEHC | CALL | SWEEP | BEARISH | 07/28/23 | $80.00 | $33.8K | 35 | 257 |
UNH | CALL | SWEEP | BULLISH | 07/21/23 | $450.00 | $25.8K | 224 | 77 |
ARGX | CALL | TRADE | BULLISH | 07/21/23 | $420.00 | $47.6K | 550 | 25 |
EXAS | CALL | SWEEP | BULLISH | 10/20/23 | $90.00 | $25.7K | 464 | 21 |
ABBV | CALL | SWEEP | BEARISH | 01/17/25 | $120.00 | $27.1K | 126 | 12 |
Explanation
These itemized elaborations have been created using the accompanying table.
• For SDGR SDGR, we notice a call option trade that happens to be bullish, expiring in 31 day(s) on July 21, 2023. This event was a transfer of 100 contract(s) at a $50.00 strike. The total cost received by the writing party (or parties) was $27.5K, with a price of $275.0 per contract. There were 4472 open contracts at this strike prior to today, and today 1723 contract(s) were bought and sold.
• Regarding CAH CAH, we observe a call option sweep with bearish sentiment. It expires in 87 day(s) on September 15, 2023. Parties traded 302 contract(s) at a $100.00 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 $31.7K, with a price of $105.0 per contract. There were 168 open contracts at this strike prior to today, and today 796 contract(s) were bought and sold.
• Regarding HALO HALO, we observe a call option sweep with bearish sentiment. It expires in 31 day(s) on July 21, 2023. Parties traded 226 contract(s) at a $35.00 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 $35.0K, with a price of $155.0 per contract. There were 974 open contracts at this strike prior to today, and today 389 contract(s) were bought and sold.
• Regarding DHR DHR, we observe a put option trade with bearish sentiment. It expires in 213 day(s) on January 19, 2024. Parties traded 300 contract(s) at a $230.00 strike. The total cost received by the writing party (or parties) was $363.0K, with a price of $1210.0 per contract. There were 861 open contracts at this strike prior to today, and today 302 contract(s) were bought and sold.
• For HUM HUM, we notice a call option trade that happens to be bullish, expiring in 31 day(s) on July 21, 2023. This event was a transfer of 100 contract(s) at a $450.00 strike. The total cost received by the writing party (or parties) was $86.6K, with a price of $866.0 per contract. There were 359 open contracts at this strike prior to today, and today 284 contract(s) were bought and sold.
• Regarding GEHC GEHC, we observe a call option sweep with bearish sentiment. It expires in 38 day(s) on July 28, 2023. Parties traded 151 contract(s) at a $80.00 strike. This particular call needed to be split into 41 different trades to become filled. The total cost received by the writing party (or parties) was $33.8K, with a price of $225.0 per contract. There were 35 open contracts at this strike prior to today, and today 257 contract(s) were bought and sold.
• Regarding UNH UNH, we observe a call option sweep with bullish sentiment. It expires in 31 day(s) on July 21, 2023. Parties traded 10 contract(s) at a $450.00 strike. This particular call needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $25.8K, with a price of $2585.0 per contract. There were 224 open contracts at this strike prior to today, and today 77 contract(s) were bought and sold.
• For ARGX ARGX, we notice a call option trade that happens to be bullish, expiring in 31 day(s) on July 21, 2023. This event was a transfer of 20 contract(s) at a $420.00 strike. The total cost received by the writing party (or parties) was $47.6K, with a price of $2380.0 per contract. There were 550 open contracts at this strike prior to today, and today 25 contract(s) were bought and sold.
• Regarding EXAS EXAS, we observe a call option sweep with bullish sentiment. It expires in 122 day(s) on October 20, 2023. Parties traded 20 contract(s) at a $90.00 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 $25.7K, with a price of $1284.0 per contract. There were 464 open contracts at this strike prior to today, and today 21 contract(s) were bought and sold.
• For ABBV ABBV, we notice a call option sweep that happens to be bearish, expiring in 577 day(s) on January 17, 2025. This event was a transfer of 10 contract(s) at a $120.00 strike. This particular call needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $27.1K, with a price of $2712.0 per contract. There were 126 open contracts at this strike prior to today, and today 12 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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