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 often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming 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 |
|---|---|---|---|---|---|---|---|---|
| BMY | PUT | SWEEP | BULLISH | 10/18/24 | $42.00 | $39.1K | 899 | 1.3K |
| VRTX | PUT | TRADE | BEARISH | 05/10/24 | $395.00 | $26.4K | 975 | 950 |
| MRK | CALL | SWEEP | BULLISH | 05/17/24 | $129.00 | $34.2K | 410 | 636 |
| PGNY | CALL | TRADE | BEARISH | 05/17/24 | $35.00 | $26.4K | 1.2K | 515 |
| LLY | CALL | SWEEP | BULLISH | 05/10/24 | $775.00 | $84.2K | 625 | 420 |
| ZTS | PUT | SWEEP | BULLISH | 05/17/24 | $175.00 | $71.9K | 32 | 251 |
| HUM | CALL | SWEEP | BULLISH | 05/17/24 | $320.00 | $146.2K | 1.2K | 199 |
| PEN | PUT | TRADE | NEUTRAL | 05/17/24 | $190.00 | $45.7K | 88 | 150 |
| CRL | PUT | TRADE | BULLISH | 05/17/24 | $230.00 | $32.0K | 1.6K | 50 |
| UNH | PUT | SWEEP | NEUTRAL | 12/20/24 | $500.00 | $148.5K | 4 | 50 |
Explanation
These itemized elaborations have been created using the accompanying table.
• Regarding BMY BMY, we observe a put option sweep with bullish sentiment. It expires in 164 day(s) on October 18, 2024. Parties traded 203 contract(s) at a $42.00 strike. This particular put needed to be split into 17 different trades to become filled. The total cost received by the writing party (or parties) was $39.1K, with a price of $193.0 per contract. There were 899 open contracts at this strike prior to today, and today 1341 contract(s) were bought and sold.
• For VRTX VRTX, we notice a put option trade that happens to be bearish, expiring in 3 day(s) on May 10, 2024. This event was a transfer of 880 contract(s) at a $395.00 strike. The total cost received by the writing party (or parties) was $26.4K, with a price of $30.0 per contract. There were 975 open contracts at this strike prior to today, and today 950 contract(s) were bought and sold.
• For MRK MRK, we notice a call option sweep that happens to be bullish, expiring in 10 day(s) on May 17, 2024. This event was a transfer of 230 contract(s) at a $129.00 strike. This particular call needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $34.2K, with a price of $149.0 per contract. There were 410 open contracts at this strike prior to today, and today 636 contract(s) were bought and sold.
• For PGNY PGNY, we notice a call option trade that happens to be bearish, expiring in 10 day(s) on May 17, 2024. This event was a transfer of 196 contract(s) at a $35.00 strike. The total cost received by the writing party (or parties) was $26.4K, with a price of $135.0 per contract. There were 1279 open contracts at this strike prior to today, and today 515 contract(s) were bought and sold.
• For LLY LLY, we notice a call option sweep that happens to be bullish, expiring in 3 day(s) on May 10, 2024. This event was a transfer of 101 contract(s) at a $775.00 strike. This particular call needed to be split into 16 different trades to become filled. The total cost received by the writing party (or parties) was $84.2K, with a price of $835.0 per contract. There were 625 open contracts at this strike prior to today, and today 420 contract(s) were bought and sold.
• For ZTS ZTS, we notice a put option sweep that happens to be bullish, expiring in 10 day(s) on May 17, 2024. This event was a transfer of 153 contract(s) at a $175.00 strike. This particular put needed to be split into 31 different trades to become filled. The total cost received by the writing party (or parties) was $71.9K, with a price of $470.0 per contract. There were 32 open contracts at this strike prior to today, and today 251 contract(s) were bought and sold.
• For HUM HUM, we notice a call option sweep that happens to be bullish, expiring in 10 day(s) on May 17, 2024. This event was a transfer of 195 contract(s) at a $320.00 strike. This particular call needed to be split into 41 different trades to become filled. The total cost received by the writing party (or parties) was $146.2K, with a price of $750.0 per contract. There were 1212 open contracts at this strike prior to today, and today 199 contract(s) were bought and sold.
• Regarding PEN PEN, we observe a put option trade with neutral sentiment. It expires in 10 day(s) on May 17, 2024. Parties traded 150 contract(s) at a $190.00 strike. The total cost received by the writing party (or parties) was $45.7K, with a price of $305.0 per contract. There were 88 open contracts at this strike prior to today, and today 150 contract(s) were bought and sold.
• For CRL CRL, we notice a put option trade that happens to be bullish, expiring in 10 day(s) on May 17, 2024. This event was a transfer of 50 contract(s) at a $230.00 strike. The total cost received by the writing party (or parties) was $32.0K, with a price of $640.0 per contract. There were 1645 open contracts at this strike prior to today, and today 50 contract(s) were bought and sold.
• Regarding UNH UNH, we observe a put option sweep with neutral sentiment. It expires in 227 day(s) on December 20, 2024. Parties traded 50 contract(s) at a $500.00 strike. This particular put needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was $148.5K, with a price of $2970.0 per contract. There were 4 open contracts at this strike prior to today, and today 50 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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