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 PUT SWEEP NEUTRAL 09/15/23 $37.50 $179.0K 23.6K 7.2K
HIMS CALL SWEEP BULLISH 08/18/23 $9.00 $105.0K 2.6K 4.3K
JNJ PUT TRADE NEUTRAL 08/18/23 $170.00 $39.4K 7.8K 2.0K
ALLK CALL TRADE BULLISH 03/15/24 $7.50 $210.0K 4 2.0K
HZNP CALL SWEEP BULLISH 01/19/24 $115.00 $36.0K 31.8K 1.6K
NVAX PUT SWEEP BULLISH 10/20/23 $7.50 $138.9K 8.2K 849
CVS CALL SWEEP BULLISH 01/19/24 $82.50 $87.0K 2.2K 554
AVDL CALL SWEEP BULLISH 09/15/23 $15.00 $27.7K 1.7K 431
TNDM PUT SWEEP BEARISH 09/15/23 $27.50 $31.0K 15 387
AMGN CALL SWEEP BULLISH 08/18/23 $245.00 $70.5K 17.0K 378

Explanation

These bullet-by-bullet explanations have been constructed using the accompanying table.

• For PFE PFE, we notice a put option sweep that happens to be neutral, expiring in 39 day(s) on September 15, 2023. This event was a transfer of 829 contract(s) at a $37.50 strike. This particular put needed to be split into 10 different trades to become filled. The total cost received by the writing party (or parties) was $179.0K, with a price of $216.0 per contract. There were 23676 open contracts at this strike prior to today, and today 7227 contract(s) were bought and sold.

• Regarding HIMS HIMS, we observe a call option sweep with bullish sentiment. It expires in 11 day(s) on August 18, 2023. Parties traded 3000 contract(s) at a $9.00 strike. This particular call needed to be split into 34 different trades to become filled. The total cost received by the writing party (or parties) was $105.0K, with a price of $35.0 per contract. There were 2646 open contracts at this strike prior to today, and today 4315 contract(s) were bought and sold.

• Regarding JNJ JNJ, we observe a put option trade with neutral sentiment. It expires in 11 day(s) on August 18, 2023. Parties traded 346 contract(s) at a $170.00 strike. The total cost received by the writing party (or parties) was $39.4K, with a price of $114.0 per contract. There were 7843 open contracts at this strike prior to today, and today 2038 contract(s) were bought and sold.

• For ALLK ALLK, we notice a call option trade that happens to be bullish, expiring in 221 day(s) on March 15, 2024. This event was a transfer of 2000 contract(s) at a $7.50 strike. The total cost received by the writing party (or parties) was $210.0K, with a price of $105.0 per contract. There were 4 open contracts at this strike prior to today, and today 2000 contract(s) were bought and sold.

• For HZNP HZNP, we notice a call option sweep that happens to be bullish, expiring in 165 day(s) on January 19, 2024. This event was a transfer of 300 contract(s) at a $115.00 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 $36.0K, with a price of $120.0 per contract. There were 31881 open contracts at this strike prior to today, and today 1631 contract(s) were bought and sold.

• Regarding NVAX NVAX, we observe a put option sweep with bullish sentiment. It expires in 74 day(s) on October 20, 2023. Parties traded 1022 contract(s) at a $7.50 strike. This particular put needed to be split into 37 different trades to become filled. The total cost received by the writing party (or parties) was $138.9K, with a price of $136.0 per contract. There were 8240 open contracts at this strike prior to today, and today 849 contract(s) were bought and sold.

• Regarding CVS CVS, we observe a call option sweep with bullish sentiment. It expires in 165 day(s) on January 19, 2024. Parties traded 500 contract(s) at a $82.50 strike. This particular call needed to be split into 37 different trades to become filled. The total cost received by the writing party (or parties) was $87.0K, with a price of $174.0 per contract. There were 2264 open contracts at this strike prior to today, and today 554 contract(s) were bought and sold.

• Regarding AVDL AVDL, we observe a call option sweep with bullish sentiment. It expires in 39 day(s) on September 15, 2023. Parties traded 370 contract(s) at a $15.00 strike. This particular call needed to be split into 20 different trades to become filled. The total cost received by the writing party (or parties) was $27.7K, with a price of $75.0 per contract. There were 1743 open contracts at this strike prior to today, and today 431 contract(s) were bought and sold.

• For TNDM TNDM, we notice a put option sweep that happens to be bearish, expiring in 39 day(s) on September 15, 2023. This event was a transfer of 200 contract(s) at a $27.50 strike. This particular put needed to be split into 15 different trades to become filled. The total cost received by the writing party (or parties) was $31.0K, with a price of $155.0 per contract. There were 15 open contracts at this strike prior to today, and today 387 contract(s) were bought and sold.

• For AMGN AMGN, we notice a call option sweep that happens to be bullish, expiring in 11 day(s) on August 18, 2023. This event was a transfer of 78 contract(s) at a $245.00 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 $70.5K, with a price of $905.0 per contract. There were 17023 open contracts at this strike prior to today, and today 378 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.

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