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 |
|---|---|---|---|---|---|---|---|---|
| TEVA | PUT | TRADE | BULLISH | 06/16/23 | $9.00 | $42.2K | 143.9K | 3.2K |
| FGEN | CALL | SWEEP | NEUTRAL | 07/21/23 | $20.00 | $113.7K | 4.2K | 2.1K |
| PFE | PUT | SWEEP | BEARISH | 01/19/24 | $43.00 | $33.3K | 14.1K | 357 |
| RETA | CALL | SWEEP | BEARISH | 06/23/23 | $91.00 | $51.6K | 345 | 307 |
| ALNY | PUT | SWEEP | BEARISH | 08/18/23 | $170.00 | $39.3K | 0 | 68 |
| GILD | PUT | TRADE | BEARISH | 01/19/24 | $75.00 | $25.0K | 7.7K | 61 |
| MEDP | PUT | TRADE | NEUTRAL | 06/16/23 | $220.00 | $29.1K | 148 | 43 |
| VEEV | CALL | SWEEP | BEARISH | 09/15/23 | $190.00 | $28.7K | 534 | 25 |
| LLY | CALL | TRADE | BULLISH | 07/28/23 | $450.00 | $30.0K | 1 | 20 |
| CI | CALL | TRADE | NEUTRAL | 01/17/25 | $230.00 | $65.0K | 129 | 20 |
Explanation
These bullet-by-bullet explanations have been constructed using the accompanying table.
• Regarding TEVA TEVA, we observe a put option trade with bullish sentiment. It expires in 7 day(s) on June 16, 2023. Parties traded 250 contract(s) at a $9.00 strike. The total cost received by the writing party (or parties) was $42.2K, with a price of $169.0 per contract. There were 143941 open contracts at this strike prior to today, and today 3275 contract(s) were bought and sold.
• For FGEN FGEN, we notice a call option sweep that happens to be neutral, expiring in 42 day(s) on July 21, 2023. This event was a transfer of 210 contract(s) at a $20.00 strike. This particular call needed to be split into 11 different trades to become filled. The total cost received by the writing party (or parties) was $113.7K, with a price of $540.0 per contract. There were 4248 open contracts at this strike prior to today, and today 2136 contract(s) were bought and sold.
• Regarding PFE PFE, we observe a put option sweep with bearish sentiment. It expires in 224 day(s) on January 19, 2024. Parties traded 68 contract(s) at a $43.00 strike. This particular put needed to be split into 10 different trades to become filled. The total cost received by the writing party (or parties) was $33.3K, with a price of $490.0 per contract. There were 14165 open contracts at this strike prior to today, and today 357 contract(s) were bought and sold.
• For RETA RETA, we notice a call option sweep that happens to be bearish, expiring in 14 day(s) on June 23, 2023. This event was a transfer of 89 contract(s) at a $91.00 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 $51.6K, with a price of $580.0 per contract. There were 345 open contracts at this strike prior to today, and today 307 contract(s) were bought and sold.
• Regarding ALNY ALNY, we observe a put option sweep with bearish sentiment. It expires in 70 day(s) on August 18, 2023. Parties traded 57 contract(s) at a $170.00 strike. This particular put needed to be split into 10 different trades to become filled. The total cost received by the writing party (or parties) was $39.3K, with a price of $690.0 per contract. There were 0 open contracts at this strike prior to today, and today 68 contract(s) were bought and sold.
• Regarding GILD GILD, we observe a put option trade with bearish sentiment. It expires in 224 day(s) on January 19, 2024. Parties traded 59 contract(s) at a $75.00 strike. The total cost received by the writing party (or parties) was $25.0K, with a price of $425.0 per contract. There were 7718 open contracts at this strike prior to today, and today 61 contract(s) were bought and sold.
• For MEDP MEDP, we notice a put option trade that happens to be neutral, expiring in 7 day(s) on June 16, 2023. This event was a transfer of 28 contract(s) at a $220.00 strike. The total cost received by the writing party (or parties) was $29.1K, with a price of $1040.0 per contract. There were 148 open contracts at this strike prior to today, and today 43 contract(s) were bought and sold.
• Regarding VEEV VEEV, we observe a call option sweep with bearish sentiment. It expires in 98 day(s) on September 15, 2023. Parties traded 25 contract(s) at a $190.00 strike. This particular call needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $28.7K, with a price of $1150.0 per contract. There were 534 open contracts at this strike prior to today, and today 25 contract(s) were bought and sold.
• For LLY LLY, we notice a call option trade that happens to be bullish, expiring in 49 day(s) on July 28, 2023. This event was a transfer of 20 contract(s) at a $450.00 strike. The total cost received by the writing party (or parties) was $30.0K, with a price of $1500.0 per contract. There were 1 open contracts at this strike prior to today, and today 20 contract(s) were bought and sold.
• For CI CI, we notice a call option trade that happens to be neutral, expiring in 588 day(s) on January 17, 2025. This event was a transfer of 10 contract(s) at a $230.00 strike. The total cost received by the writing party (or parties) was $65.0K, with a price of $6500.0 per contract. There were 129 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 |
|---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
