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 |
|---|---|---|---|---|---|---|---|---|
| BAX | PUT | TRADE | BEARISH | 05/17/24 | $40.00 | $118.7K | 1.5K | 1.2K |
| VKTX | CALL | TRADE | BEARISH | 04/05/24 | $90.00 | $45.0K | 9.2K | 931 |
| CVS | CALL | SWEEP | BEARISH | 04/19/24 | $80.00 | $25.5K | 9.1K | 448 |
| LLY | CALL | TRADE | NEUTRAL | 05/17/24 | $830.00 | $36.3K | 158 | 318 |
| IBRX | CALL | SWEEP | NEUTRAL | 04/19/24 | $2.50 | $35.0K | 1.4K | 225 |
| NVO | PUT | TRADE | BULLISH | 09/20/24 | $120.00 | $122.0K | 223 | 209 |
| BIIB | CALL | SWEEP | BEARISH | 06/21/24 | $220.00 | $33.2K | 282 | 178 |
| DHR | PUT | SWEEP | BEARISH | 05/17/24 | $250.00 | $29.6K | 157 | 62 |
| HCA | PUT | TRADE | BEARISH | 06/21/24 | $320.00 | $44.6K | 20 | 48 |
| TMO | PUT | SWEEP | BULLISH | 01/16/26 | $500.00 | $27.9K | 9 | 10 |
Explanation
These bullet-by-bullet explanations have been constructed using the accompanying table.
• For BAX BAX, we notice a put option trade that happens to be bearish, expiring in 58 day(s) on May 17, 2024. This event was a transfer of 1250 contract(s) at a $40.00 strike. The total cost received by the writing party (or parties) was $118.7K, with a price of $95.0 per contract. There were 1586 open contracts at this strike prior to today, and today 1254 contract(s) were bought and sold.
• Regarding VKTX VKTX, we observe a call option trade with bearish sentiment. It expires in 16 day(s) on April 5, 2024. Parties traded 100 contract(s) at a $90.00 strike. The total cost received by the writing party (or parties) was $45.0K, with a price of $450.0 per contract. There were 9223 open contracts at this strike prior to today, and today 931 contract(s) were bought and sold.
• For CVS CVS, we notice a call option sweep that happens to be bearish, expiring in 30 day(s) on April 19, 2024. This event was a transfer of 195 contract(s) at a $80.00 strike. This particular call needed to be split into 78 different trades to become filled. The total cost received by the writing party (or parties) was $25.5K, with a price of $131.0 per contract. There were 9106 open contracts at this strike prior to today, and today 448 contract(s) were bought and sold.
• Regarding LLY LLY, we observe a call option trade with neutral sentiment. It expires in 58 day(s) on May 17, 2024. Parties traded 20 contract(s) at a $830.00 strike. The total cost received by the writing party (or parties) was $36.3K, with a price of $1815.0 per contract. There were 158 open contracts at this strike prior to today, and today 318 contract(s) were bought and sold.
• For IBRX IBRX, we notice a call option sweep that happens to be neutral, expiring in 30 day(s) on April 19, 2024. This event was a transfer of 100 contract(s) at a $2.50 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 $35.0K, with a price of $350.0 per contract. There were 1469 open contracts at this strike prior to today, and today 225 contract(s) were bought and sold.
• For NVO NVO, we notice a put option trade that happens to be bullish, expiring in 184 day(s) on September 20, 2024. This event was a transfer of 200 contract(s) at a $120.00 strike. The total cost received by the writing party (or parties) was $122.0K, with a price of $610.0 per contract. There were 223 open contracts at this strike prior to today, and today 209 contract(s) were bought and sold.
• For BIIB BIIB, we notice a call option sweep that happens to be bearish, expiring in 93 day(s) on June 21, 2024. This event was a transfer of 26 contract(s) at a $220.00 strike. This particular call needed to be split into 13 different trades to become filled. The total cost received by the writing party (or parties) was $33.2K, with a price of $1280.0 per contract. There were 282 open contracts at this strike prior to today, and today 178 contract(s) were bought and sold.
• For DHR DHR, we notice a put option sweep that happens to be bearish, expiring in 58 day(s) on May 17, 2024. This event was a transfer of 38 contract(s) at a $250.00 strike. This particular put needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $29.6K, with a price of $780.0 per contract. There were 157 open contracts at this strike prior to today, and today 62 contract(s) were bought and sold.
• Regarding HCA HCA, we observe a put option trade with bearish sentiment. It expires in 93 day(s) on June 21, 2024. Parties traded 41 contract(s) at a $320.00 strike. The total cost received by the writing party (or parties) was $44.6K, with a price of $1090.0 per contract. There were 20 open contracts at this strike prior to today, and today 48 contract(s) were bought and sold.
• For TMO TMO, we notice a put option sweep that happens to be bullish, expiring in 667 day(s) on January 16, 2026. This event was a transfer of 10 contract(s) at a $500.00 strike. This particular put needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $27.9K, with a price of $2854.0 per contract. There were 9 open contracts at this strike prior to today, and today 10 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.
© 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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