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:

Explanation

These itemized elaborations have been created using the accompanying table.

• Regarding CLOV (NASDAQ:CLOV), we observe a put option trade with bearish sentiment. It expires in 7 day(s) on January 23, 2026. Parties traded 3000 contract(s) at a $2.50 strike. The total cost received by the writing party (or parties) was $30.0K, with a price of $10.0 per contract. There were 14223 open contracts at this strike prior to today, and today 13849 contract(s) were bought and sold.

• Regarding LQDA (NASDAQ:LQDA), we observe a call option sweep with bullish sentiment. It expires in 14 day(s) on January 30, 2026. Parties traded 1000 contract(s) at a $36.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $893.4K, with a price of $900.0 per contract. There were 7 open contracts at this strike prior to today, and today 11302 contract(s) were bought and sold.

• For NVO (NYSE:NVO), we notice a call option sweep that happens to be bearish, expiring in 153 day(s) on June 18, 2026. This event was a transfer of 53 contract(s) at a $60.00 strike. This particular call needed to be split into 23 different trades to become filled. The total cost received by the writing party (or parties) was $42.9K, with a price of $810.0 per contract. There were 12294 open contracts at this strike prior to today, and today 4574 contract(s) were bought and sold.

• For GILD (NASDAQ:GILD), we notice a call option sweep that happens to be bullish, expiring in 364 day(s) on January 15, 2027. This event was a transfer of 31 contract(s) at a $115.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $58.9K, with a price of $1900.0 per contract. There were 2039 open contracts at this strike prior to today, and today 1381 contract(s) were bought and sold.

• Regarding ARWR (NASDAQ:ARWR), we observe a call option trade with bearish sentiment. It expires in 35 day(s) on February 20, 2026. Parties traded 89 contract(s) at a $70.00 strike. The total cost received by the writing party (or parties) was $29.3K, with a price of $330.0 per contract. There were 406 open contracts at this strike prior to today, and today 868 contract(s) were bought and sold.

• For TGTX (NASDAQ:TGTX), we notice a call option trade that happens to be bearish, is expiring today. Parties traded 30 contract(s) at a $22.00 strike. The total cost received by the writing party (or parties) was $27.0K, with a price of $900.0 per contract. There were 3663 open contracts at this strike prior to today, and today 482 contract(s) were bought and sold.

• Regarding NTLA (NASDAQ:NTLA), we observe a call option trade with bullish sentiment. It expires in 91 day(s) on April 17, 2026. Parties traded 68 contract(s) at a $10.00 strike. The total cost received by the writing party (or parties) was $26.1K, with a price of $384.0 per contract. There were 3382 open contracts at this strike prior to today, and today 286 contract(s) were bought and sold.

• For MRK (NYSE:MRK), we notice a call option trade that happens to be bullish, is expiring today. Parties traded 40 contract(s) at a $85.00 strike. The total cost received by the writing party (or parties) was $96.5K, with a price of $2413.0 per contract. There were 888 open contracts at this strike prior to today, and today 140 contract(s) were bought and sold.

• Regarding DHR (NYSE:DHR), we observe a put option trade with bearish sentiment. It expires in 63 day(s) on March 20, 2026. Parties traded 90 contract(s) at a $220.00 strike. The total cost received by the writing party (or parties) was $32.4K, with a price of $360.0 per contract. There were 907 open contracts at this strike prior to today, and today 92 contract(s) were bought and sold.

• For RVMD (NASDAQ:RVMD), we notice a put option sweep that happens to be bearish, expiring in 63 day(s) on March 20, 2026. This event was a transfer of 55 contract(s) at a $120.00 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 $63.8K, with a price of $1160.0 per contract. There were 28 open contracts at this strike prior to today, and today 86 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.