This unusual options alert can help traders track potentially big trading opportunities. Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Unusual trading activity could push option prices to hyperbolic or underperforming levels.
Here's the list of some unusual options activity happening in today's session:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| SNDL | CALL | SWEEP | BEARISH | 07/16/21 | $1.00 | $26.2K | 75.2K | 8.2K |
| TLRY | CALL | TRADE | BULLISH | 01/15/21 | $14.00 | $38.9K | 6.8K | 4.0K |
| JNJ | CALL | SWEEP | BEARISH | 01/22/21 | $165.00 | $37.1K | 867 | 2.2K |
| PFE | CALL | TRADE | BEARISH | 02/05/21 | $39.50 | $36.0K | 323 | 1.2K |
| CVS | CALL | SWEEP | BULLISH | 01/21/22 | $77.50 | $179.7K | 922 | 734 |
| AZN | CALL | SWEEP | BEARISH | 04/16/21 | $50.00 | $96.2K | 4.4K | 719 |
| CORT | CALL | SWEEP | BULLISH | 01/15/21 | $25.00 | $53.0K | 1.1K | 702 |
| ALNY | CALL | TRADE | BULLISH | 02/19/21 | $120.00 | $624.0K | 597 | 471 |
| CRON | PUT | SWEEP | BULLISH | 02/19/21 | $10.00 | $51.9K | 65 | 447 |
| BIIB | PUT | TRADE | BULLISH | 01/21/22 | $260.00 | $775.9K | 133 | 200 |
Explanation
These bullet-by-bullet explanations have been constructed using the accompanying table.
• Regarding SNDL SNDL, we observe a call option sweep with bearish sentiment. It expires in 186 day(s) on July 16, 2021. A trader bought 747 contract(s) at a $1.00 strike. This particular call needed to be split into 26 different trades to become filled. The trader or institution spent $26.2K on this trade with a price of $35.0 per contract. There were 75241 open contracts at this strike prior to today, and today 8236 contract(s) were bought and sold.
• Regarding TLRY TLRY, we observe a call option trade with bullish sentiment. It expires in 4 day(s) on January 15, 2021. A trader bought 950 contract(s) at a $14.00 strike. The trader or institution spent $38.9K on this trade with a price of $41.0 per contract. There were 6848 open contracts at this strike prior to today, and today 4024 contract(s) were bought and sold.
• For JNJ JNJ, we notice a call option sweep that happens to be bearish, expiring in 11 day(s) on January 22, 2021. A trader bought 271 contract(s) at a $165.00 strike. This particular call needed to be split into 17 different trades to become filled. The trader or institution spent $37.1K on this trade with a price of $137.0 per contract. There were 867 open contracts at this strike prior to today, and today 2202 contract(s) were bought and sold.
• For PFE PFE, we notice a call option trade that happens to be bearish, expiring in 25 day(s) on February 5, 2021. A trader bought 819 contract(s) at a $39.50 strike. The trader or institution spent $36.0K on this trade with a price of $44.0 per contract. There were 323 open contracts at this strike prior to today, and today 1234 contract(s) were bought and sold.
• For CVS CVS, we notice a call option sweep that happens to be bullish, expiring in 375 day(s) on January 21, 2022. A trader bought 235 contract(s) at a $77.50 strike. This particular call needed to be split into 22 different trades to become filled. The trader or institution spent $179.7K on this trade with a price of $765.0 per contract. There were 922 open contracts at this strike prior to today, and today 734 contract(s) were bought and sold.
• Regarding AZN AZN, we observe a call option sweep with bearish sentiment. It expires in 95 day(s) on April 16, 2021. A trader bought 300 contract(s) at a $50.00 strike. This particular call needed to be split into 3 different trades to become filled. The trader or institution spent $96.2K on this trade with a price of $321.0 per contract. There were 4470 open contracts at this strike prior to today, and today 719 contract(s) were bought and sold.
• For CORT CORT, we notice a call option sweep that happens to be bullish, expiring in 4 day(s) on January 15, 2021. A trader bought 200 contract(s) at a $25.00 strike. This particular call needed to be split into 3 different trades to become filled. The trader or institution spent $53.0K on this trade with a price of $265.0 per contract. There were 1103 open contracts at this strike prior to today, and today 702 contract(s) were bought and sold.
• Regarding ALNY ALNY, we observe a call option trade with bullish sentiment. It expires in 39 day(s) on February 19, 2021. A trader bought 200 contract(s) at a $120.00 strike. The trader or institution spent $624.0K on this trade with a price of $3120.0 per contract. There were 597 open contracts at this strike prior to today, and today 471 contract(s) were bought and sold.
• Regarding CRON CRON, we observe a put option sweep with bullish sentiment. It expires in 39 day(s) on February 19, 2021. A trader bought 444 contract(s) at a $10.00 strike. This particular put needed to be split into 36 different trades to become filled. The trader or institution spent $51.9K on this trade with a price of $117.0 per contract. There were 65 open contracts at this strike prior to today, and today 447 contract(s) were bought and sold.
• For BIIB BIIB, we notice a put option trade that happens to be bullish, expiring in 375 day(s) on January 21, 2022. A trader bought 200 contract(s) at a $260.00 strike. The trader or institution spent $775.9K on this trade with a price of $3880.0 per contract. There were 133 open contracts at this strike prior to today, and today 200 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.
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