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 |
|---|---|---|---|---|---|---|---|---|
| VKTX | CALL | SWEEP | BEARISH | 03/08/24 | $100.00 | $48.0K | 1.3K | 3.1K |
| BMY | CALL | TRADE | BULLISH | 04/19/24 | $50.00 | $25.0K | 4.1K | 709 |
| JNJ | PUT | SWEEP | BULLISH | 03/15/24 | $157.50 | $32.1K | 513 | 492 |
| SDGR | PUT | TRADE | BEARISH | 03/15/24 | $30.00 | $44.0K | 1.0K | 102 |
| IRTC | PUT | TRADE | BULLISH | 01/17/25 | $105.00 | $158.0K | 1 | 100 |
| AKRO | CALL | SWEEP | BULLISH | 08/16/24 | $40.00 | $30.0K | 0 | 75 |
| LLY | CALL | TRADE | BEARISH | 06/21/24 | $800.00 | $28.5K | 438 | 63 |
| ISRG | PUT | TRADE | NEUTRAL | 07/19/24 | $385.00 | $38.6K | 126 | 62 |
| EXAS | PUT | SWEEP | BULLISH | 04/19/24 | $70.00 | $41.5K | 275 | 33 |
| UNH | CALL | TRADE | BEARISH | 01/17/25 | $490.00 | $40.7K | 168 | 20 |
Explanation
These bullet-by-bullet explanations have been constructed using the accompanying table.
• Regarding VKTX VKTX, we observe a call option sweep with bearish sentiment. It expires in 4 day(s) on March 8, 2024. Parties traded 240 contract(s) at a $100.00 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 $48.0K, with a price of $201.0 per contract. There were 1345 open contracts at this strike prior to today, and today 3128 contract(s) were bought and sold.
• For BMY BMY, we notice a call option trade that happens to be bullish, expiring in 46 day(s) on April 19, 2024. This event was a transfer of 100 contract(s) at a $50.00 strike. The total cost received by the writing party (or parties) was $25.0K, with a price of $250.0 per contract. There were 4136 open contracts at this strike prior to today, and today 709 contract(s) were bought and sold.
• For JNJ JNJ, we notice a put option sweep that happens to be bullish, expiring in 11 day(s) on March 15, 2024. This event was a transfer of 270 contract(s) at a $157.50 strike. This particular put needed to be split into 24 different trades to become filled. The total cost received by the writing party (or parties) was $32.1K, with a price of $119.0 per contract. There were 513 open contracts at this strike prior to today, and today 492 contract(s) were bought and sold.
• For SDGR SDGR, we notice a put option trade that happens to be bearish, expiring in 11 day(s) on March 15, 2024. This event was a transfer of 100 contract(s) at a $30.00 strike. The total cost received by the writing party (or parties) was $44.0K, with a price of $440.0 per contract. There were 1012 open contracts at this strike prior to today, and today 102 contract(s) were bought and sold.
• For IRTC IRTC, we notice a put option trade that happens to be bullish, expiring in 319 day(s) on January 17, 2025. This event was a transfer of 100 contract(s) at a $105.00 strike. The total cost received by the writing party (or parties) was $158.0K, with a price of $1580.0 per contract. There were 1 open contracts at this strike prior to today, and today 100 contract(s) were bought and sold.
• For AKRO AKRO, we notice a call option sweep that happens to be bullish, expiring in 165 day(s) on August 16, 2024. This event was a transfer of 75 contract(s) at a $40.00 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 $30.0K, with a price of $400.0 per contract. There were 0 open contracts at this strike prior to today, and today 75 contract(s) were bought and sold.
• For LLY LLY, we notice a call option trade that happens to be bearish, expiring in 109 day(s) on June 21, 2024. This event was a transfer of 5 contract(s) at a $800.00 strike. The total cost received by the writing party (or parties) was $28.5K, with a price of $5715.0 per contract. There were 438 open contracts at this strike prior to today, and today 63 contract(s) were bought and sold.
• Regarding ISRG ISRG, we observe a put option trade with neutral sentiment. It expires in 137 day(s) on July 19, 2024. Parties traded 20 contract(s) at a $385.00 strike. The total cost received by the writing party (or parties) was $38.6K, with a price of $1930.0 per contract. There were 126 open contracts at this strike prior to today, and today 62 contract(s) were bought and sold.
• For EXAS EXAS, we notice a put option sweep that happens to be bullish, expiring in 46 day(s) on April 19, 2024. This event was a transfer of 33 contract(s) at a $70.00 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 $41.5K, with a price of $1260.0 per contract. There were 275 open contracts at this strike prior to today, and today 33 contract(s) were bought and sold.
• For UNH UNH, we notice a call option trade that happens to be bearish, expiring in 319 day(s) on January 17, 2025. This event was a transfer of 9 contract(s) at a $490.00 strike. The total cost received by the writing party (or parties) was $40.7K, with a price of $4530.0 per contract. There were 168 open contracts at this strike prior to today, and today 20 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.
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.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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