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 |
---|---|---|---|---|---|---|---|---|
UNH | CALL | TRADE | BEARISH | 07/21/23 | $450.00 | $45.3K | 1.2K | 777 |
TMO | PUT | SWEEP | BULLISH | 08/18/23 | $520.00 | $30.8K | 120 | 408 |
MRK | CALL | TRADE | BEARISH | 10/20/23 | $115.00 | $38.2K | 3.3K | 294 |
ISRG | CALL | SWEEP | BULLISH | 07/21/23 | $340.00 | $25.7K | 726 | 272 |
SILK | CALL | SWEEP | BULLISH | 01/19/24 | $25.00 | $29.1K | 39 | 230 |
XAIR | CALL | TRADE | BEARISH | 01/17/25 | $5.00 | $28.0K | 170 | 201 |
JNJ | CALL | TRADE | BEARISH | 01/19/24 | $160.00 | $42.9K | 2.1K | 161 |
CNC | CALL | SWEEP | BEARISH | 01/19/24 | $65.00 | $57.4K | 2.1K | 87 |
CVS | CALL | SWEEP | BULLISH | 01/19/24 | $77.50 | $37.8K | 1.6K | 80 |
DHR | CALL | SWEEP | BULLISH | 06/21/24 | $280.00 | $44.4K | 40 | 45 |
Explanation
These itemized elaborations have been created using the accompanying table.
• Regarding UNH UNH, we observe a call option trade with bearish sentiment. It expires in 7 day(s) on July 21, 2023. Parties traded 15 contract(s) at a $450.00 strike. The total cost received by the writing party (or parties) was $45.3K, with a price of $3020.0 per contract. There were 1231 open contracts at this strike prior to today, and today 777 contract(s) were bought and sold.
• For TMO TMO, we notice a put option sweep that happens to be bullish, expiring in 35 day(s) on August 18, 2023. This event was a transfer of 28 contract(s) at a $520.00 strike. This particular put needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $30.8K, with a price of $1100.0 per contract. There were 120 open contracts at this strike prior to today, and today 408 contract(s) were bought and sold.
• Regarding MRK MRK, we observe a call option trade with bearish sentiment. It expires in 98 day(s) on October 20, 2023. Parties traded 250 contract(s) at a $115.00 strike. The total cost received by the writing party (or parties) was $38.2K, with a price of $153.0 per contract. There were 3322 open contracts at this strike prior to today, and today 294 contract(s) were bought and sold.
• For ISRG ISRG, we notice a call option sweep that happens to be bullish, expiring in 7 day(s) on July 21, 2023. This event was a transfer of 14 contract(s) at a $340.00 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 $1840.0 per contract. There were 726 open contracts at this strike prior to today, and today 272 contract(s) were bought and sold.
• Regarding SILK SILK, we observe a call option sweep with bullish sentiment. It expires in 189 day(s) on January 19, 2024. Parties traded 94 contract(s) at a $25.00 strike. This particular call needed to be split into 14 different trades to become filled. The total cost received by the writing party (or parties) was $29.1K, with a price of $310.0 per contract. There were 39 open contracts at this strike prior to today, and today 230 contract(s) were bought and sold.
• Regarding XAIR XAIR, we observe a call option trade with bearish sentiment. It expires in 553 day(s) on January 17, 2025. Parties traded 200 contract(s) at a $5.00 strike. The total cost received by the writing party (or parties) was $28.0K, with a price of $140.0 per contract. There were 170 open contracts at this strike prior to today, and today 201 contract(s) were bought and sold.
• For JNJ JNJ, we notice a call option trade that happens to be bearish, expiring in 189 day(s) on January 19, 2024. This event was a transfer of 60 contract(s) at a $160.00 strike. The total cost received by the writing party (or parties) was $42.9K, with a price of $715.0 per contract. There were 2196 open contracts at this strike prior to today, and today 161 contract(s) were bought and sold.
• For CNC CNC, we notice a call option sweep that happens to be bearish, expiring in 189 day(s) on January 19, 2024. This event was a transfer of 87 contract(s) at a $65.00 strike. This particular call needed to be split into 8 different trades to become filled. The total cost received by the writing party (or parties) was $57.4K, with a price of $660.0 per contract. There were 2169 open contracts at this strike prior to today, and today 87 contract(s) were bought and sold.
• For CVS CVS, we notice a call option sweep that happens to be bullish, expiring in 189 day(s) on January 19, 2024. This event was a transfer of 140 contract(s) at a $77.50 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 $37.8K, with a price of $270.0 per contract. There were 1675 open contracts at this strike prior to today, and today 80 contract(s) were bought and sold.
• For DHR DHR, we notice a call option sweep that happens to be bullish, expiring in 343 day(s) on June 21, 2024. This event was a transfer of 38 contract(s) at a $280.00 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 $44.4K, with a price of $1170.0 per contract. There were 40 open contracts at this strike prior to today, and today 45 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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