This unusual options alert can help traders discover the next big trading opportunities. Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. Unusual trading activity could push option prices to exaggerated or underestimated levels.
Below are some instances of unusual options activity happening in the Health Care sector:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| MRNA | CALL | SWEEP | BEARISH | 01/15/21 | $120.00 | $70.7K | 4.1K | 4.2K |
| HUM | PUT | TRADE | BULLISH | 01/29/21 | $400.00 | $1.3 million | 2 | 1.0K |
| ABBV | CALL | SWEEP | BEARISH | 01/15/21 | $105.00 | $35.4K | 13.8K | 914 |
| ACB | CALL | TRADE | BEARISH | 01/21/22 | $5.00 | $104.0K | 2.5K | 392 |
| BBIO | PUT | TRADE | BULLISH | 02/19/21 | $55.00 | $57.7K | 12 | 350 |
| OCUL | CALL | SWEEP | BULLISH | 02/19/21 | $21.00 | $110.9K | 1.0K | 327 |
| VRTX | CALL | SWEEP | BEARISH | 01/15/21 | $230.00 | $98.1K | 628 | 237 |
| EXAS | CALL | TRADE | BEARISH | 01/15/21 | $135.00 | $66.0K | 1.0K | 216 |
| ABMD | PUT | SWEEP | NEUTRAL | 01/15/21 | $270.00 | $59.7K | 230 | 209 |
| AMRN | CALL | TRADE | BEARISH | 03/19/21 | $5.00 | $27.0K | 2.8K | 16 |
Explanation
These itemized elaborations have been created using the accompanying table.
• For MRNA MRNA, we notice a call option sweep that happens to be bearish, expiring in 11 day(s) on January 15, 2021. A trader bought 202 contract(s) at a $120.00 strike. This particular call needed to be split into 5 different trades to become filled. The trader or institution spent $70.7K on this trade with a price of $350.0 per contract. There were 4194 open contracts at this strike prior to today, and today 4226 contract(s) were bought and sold.
• Regarding HUM HUM, we observe a put option trade with bullish sentiment. It expires in 25 day(s) on January 29, 2021. A trader bought 1000 contract(s) at a $400.00 strike. The trader or institution spent $1.3 million on this trade with a price of $1370.0 per contract. There were 2 open contracts at this strike prior to today, and today 1000 contract(s) were bought and sold.
• Regarding ABBV ABBV, we observe a call option sweep with bearish sentiment. It expires in 11 day(s) on January 15, 2021. A trader bought 200 contract(s) at a $105.00 strike. This particular call needed to be split into 7 different trades to become filled. The trader or institution spent $35.4K on this trade with a price of $177.0 per contract. There were 13844 open contracts at this strike prior to today, and today 914 contract(s) were bought and sold.
• Regarding ACB ACB, we observe a call option trade with bearish sentiment. It expires in 382 day(s) on January 21, 2022. A trader bought 200 contract(s) at a $5.00 strike. The trader or institution spent $104.0K on this trade with a price of $520.0 per contract. There were 2570 open contracts at this strike prior to today, and today 392 contract(s) were bought and sold.
• For BBIO BBIO, we notice a put option trade that happens to be bullish, expiring in 46 day(s) on February 19, 2021. A trader bought 350 contract(s) at a $55.00 strike. The trader or institution spent $57.7K on this trade with a price of $165.0 per contract. There were 12 open contracts at this strike prior to today, and today 350 contract(s) were bought and sold.
• For OCUL OCUL, we notice a call option sweep that happens to be bullish, expiring in 46 day(s) on February 19, 2021. A trader bought 292 contract(s) at a $21.00 strike. This particular call needed to be split into 11 different trades to become filled. The trader or institution spent $110.9K on this trade with a price of $380.0 per contract. There were 1002 open contracts at this strike prior to today, and today 327 contract(s) were bought and sold.
• Regarding VRTX VRTX, we observe a call option sweep with bearish sentiment. It expires in 11 day(s) on January 15, 2021. A trader bought 203 contract(s) at a $230.00 strike. This particular call needed to be split into 14 different trades to become filled. The trader or institution spent $98.1K on this trade with a price of $450.0 per contract. There were 628 open contracts at this strike prior to today, and today 237 contract(s) were bought and sold.
• Regarding EXAS EXAS, we observe a call option trade with bearish sentiment. It expires in 11 day(s) on January 15, 2021. A trader bought 200 contract(s) at a $135.00 strike. The trader or institution spent $66.0K on this trade with a price of $330.0 per contract. There were 1004 open contracts at this strike prior to today, and today 216 contract(s) were bought and sold.
• Regarding ABMD ABMD, we observe a put option sweep with neutral sentiment. It expires in 11 day(s) on January 15, 2021. A trader bought 206 contract(s) at a $270.00 strike. This particular put needed to be split into 18 different trades to become filled. The trader or institution spent $59.7K on this trade with a price of $290.0 per contract. There were 230 open contracts at this strike prior to today, and today 209 contract(s) were bought and sold.
• Regarding AMRN AMRN, we observe a call option trade with bearish sentiment. It expires in 74 day(s) on March 19, 2021. A trader bought 300 contract(s) at a $5.00 strike. The trader or institution spent $27.0K on this trade with a price of $90.0 per contract. There were 2860 open contracts at this strike prior to today, and today 16 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 about unusual options activity.
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