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 |
|---|---|---|---|---|---|---|---|---|
| MDRX | PUT | TRADE | BULLISH | 03/15/24 | $7.50 | $67.5K | 17.8K | 2.0K |
| IBRX | CALL | TRADE | BEARISH | 01/16/26 | $4.00 | $39.4K | 113 | 759 |
| ABT | PUT | TRADE | BEARISH | 01/17/25 | $110.00 | $237.5K | 1.0K | 563 |
| BCRX | CALL | TRADE | BULLISH | 01/17/25 | $8.00 | $52.5K | 1.1K | 512 |
| TEVA | CALL | SWEEP | BULLISH | 06/21/24 | $13.00 | $25.2K | 81.4K | 454 |
| TMO | PUT | SWEEP | BEARISH | 04/19/24 | $500.00 | $29.8K | 285 | 333 |
| TGTX | CALL | TRADE | BULLISH | 01/17/25 | $5.00 | $36.0K | 7.3K | 244 |
| CI | PUT | TRADE | BULLISH | 05/17/24 | $310.00 | $34.0K | 300 | 167 |
| MRK | CALL | SWEEP | BEARISH | 05/17/24 | $130.00 | $31.1K | 8.4K | 165 |
| HUM | PUT | TRADE | BULLISH | 06/20/25 | $260.00 | $52.0K | 101 | 100 |
Explanation
These itemized elaborations have been created using the accompanying table.
• Regarding MDRX (NASDAQ:MDRX), we observe a put option trade with bullish sentiment. It expires in 18 day(s) on March 15, 2024. Parties traded 900 contract(s) at a $7.50 strike. The total cost received by the writing party (or parties) was $67.5K, with a price of $75.0 per contract. There were 17810 open contracts at this strike prior to today, and today 2098 contract(s) were bought and sold.
• Regarding IBRX (NASDAQ:IBRX), we observe a call option trade with bearish sentiment. It expires in 690 day(s) on January 16, 2026. Parties traded 197 contract(s) at a $4.00 strike. The total cost received by the writing party (or parties) was $39.4K, with a price of $200.0 per contract. There were 113 open contracts at this strike prior to today, and today 759 contract(s) were bought and sold.
• Regarding ABT (NYSE:ABT), we observe a put option trade with bearish sentiment. It expires in 326 day(s) on January 17, 2025. Parties traded 500 contract(s) at a $110.00 strike. The total cost received by the writing party (or parties) was $237.5K, with a price of $475.0 per contract. There were 1063 open contracts at this strike prior to today, and today 563 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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