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 |
|---|---|---|---|---|---|---|---|---|
| CANO | CALL | TRADE | NEUTRAL | 01/19/24 | $12.50 | $375.0K | 71.3K | 60.2K |
| THC | CALL | SWEEP | BULLISH | 01/20/23 | $40.00 | $35.3K | 60 | 2.1K |
| MRNA | PUT | SWEEP | BULLISH | 11/18/22 | $125.00 | $239.9K | 3.2K | 1.2K |
| ARQT | CALL | TRADE | BULLISH | 12/16/22 | $20.00 | $25.0K | 48 | 754 |
| GMAB | CALL | TRADE | BULLISH | 10/21/22 | $35.00 | $73.3K | 471 | 429 |
| ALGN | CALL | SWEEP | NEUTRAL | 01/20/23 | $230.00 | $125.0K | 54 | 276 |
| HCA | CALL | SWEEP | BULLISH | 01/20/23 | $200.00 | $59.9K | 282 | 107 |
| TCDA | CALL | TRADE | BULLISH | 11/18/22 | $5.00 | $25.7K | 594 | 96 |
| DXCM | CALL | TRADE | BULLISH | 01/20/23 | $102.50 | $38.8K | 251 | 55 |
| SYK | PUT | TRADE | BEARISH | 01/20/23 | $220.00 | $27.0K | 466 | 52 |
Explanation
These itemized elaborations have been created using the accompanying table.
• Regarding CANO CANO, we observe a call option trade with neutral sentiment. It expires in 455 day(s) on January 19, 2024. Parties traded 15000 contract(s) at a $12.50 strike. The total cost received by the writing party (or parties) was $375.0K, with a price of $25.0 per contract. There were 71384 open contracts at this strike prior to today, and today 60231 contract(s) were bought and sold.
• For THC THC, we notice a call option sweep that happens to be bullish, expiring in 91 day(s) on January 20, 2023. This event was a transfer of 100 contract(s) at a $40.00 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 $35.3K, with a price of $354.0 per contract. There were 60 open contracts at this strike prior to today, and today 2135 contract(s) were bought and sold.
• Regarding MRNA MRNA, we observe a put option sweep with bullish sentiment. It expires in 28 day(s) on November 18, 2022. Parties traded 284 contract(s) at a $125.00 strike. This particular put needed to be split into 25 different trades to become filled. The total cost received by the writing party (or parties) was $239.9K, with a price of $845.0 per contract. There were 3251 open contracts at this strike prior to today, and today 1213 contract(s) were bought and sold.
• Regarding ARQT ARQT, we observe a call option trade with bullish sentiment. It expires in 56 day(s) on December 16, 2022. Parties traded 250 contract(s) at a $20.00 strike. The total cost received by the writing party (or parties) was $25.0K, with a price of $100.0 per contract. There were 48 open contracts at this strike prior to today, and today 754 contract(s) were bought and sold.
• For GMAB GMAB, we notice a call option trade that happens to be bullish, is expiring today. Parties traded 429 contract(s) at a $35.00 strike. The total cost received by the writing party (or parties) was $73.3K, with a price of $171.0 per contract. There were 471 open contracts at this strike prior to today, and today 429 contract(s) were bought and sold.
• For ALGN ALGN, we notice a call option sweep that happens to be neutral, expiring in 91 day(s) on January 20, 2023. This event was a transfer of 91 contract(s) at a $230.00 strike. This particular call needed to be split into 12 different trades to become filled. The total cost received by the writing party (or parties) was $125.0K, with a price of $1370.0 per contract. There were 54 open contracts at this strike prior to today, and today 276 contract(s) were bought and sold.
• Regarding HCA HCA, we observe a call option sweep with bullish sentiment. It expires in 91 day(s) on January 20, 2023. Parties traded 54 contract(s) at a $200.00 strike. This particular call needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was $59.9K, with a price of $1110.0 per contract. There were 282 open contracts at this strike prior to today, and today 107 contract(s) were bought and sold.
• For TCDA TCDA, we notice a call option trade that happens to be bullish, expiring in 28 day(s) on November 18, 2022. This event was a transfer of 31 contract(s) at a $5.00 strike. The total cost received by the writing party (or parties) was $25.7K, with a price of $830.0 per contract. There were 594 open contracts at this strike prior to today, and today 96 contract(s) were bought and sold.
• For DXCM DXCM, we notice a call option trade that happens to be bullish, expiring in 91 day(s) on January 20, 2023. This event was a transfer of 54 contract(s) at a $102.50 strike. The total cost received by the writing party (or parties) was $38.8K, with a price of $720.0 per contract. There were 251 open contracts at this strike prior to today, and today 55 contract(s) were bought and sold.
• Regarding SYK SYK, we observe a put option trade with bearish sentiment. It expires in 91 day(s) on January 20, 2023. Parties traded 17 contract(s) at a $220.00 strike. The total cost received by the writing party (or parties) was $27.0K, with a price of $1590.0 per contract. There were 466 open contracts at this strike prior to today, and today 52 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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