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 |
|---|---|---|---|---|---|---|---|---|
| TMO | PUT | SWEEP | BEARISH | 01/17/25 | $520.00 | $117.5K | 365 | 1.0K |
| HOLX | CALL | SWEEP | BULLISH | 10/20/23 | $75.00 | $53.5K | 790 | 727 |
| SYK | CALL | TRADE | BULLISH | 10/20/23 | $310.00 | $47.4K | 225 | 717 |
| SRPT | CALL | TRADE | BULLISH | 01/19/24 | $150.00 | $64.7K | 1.1K | 430 |
| BMRN | PUT | TRADE | BEARISH | 10/20/23 | $90.00 | $32.0K | 536 | 311 |
| BAX | PUT | SWEEP | BEARISH | 01/19/24 | $42.50 | $112.5K | 1.1K | 250 |
| SGEN | PUT | TRADE | BEARISH | 10/20/23 | $195.00 | $78.2K | 25 | 241 |
| CAH | PUT | TRADE | NEUTRAL | 12/15/23 | $90.00 | $84.6K | 829 | 192 |
| BMY | PUT | TRADE | NEUTRAL | 06/21/24 | $70.00 | $56.8K | 184 | 51 |
| LLY | PUT | TRADE | BULLISH | 06/21/24 | $470.00 | $50.7K | 70 | 46 |
Explanation
These itemized elaborations have been created using the accompanying table.
• Regarding TMO TMO, we observe a put option sweep with bearish sentiment. It expires in 490 day(s) on January 17, 2025. Parties traded 25 contract(s) at a $520.00 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 $117.5K, with a price of $4700.0 per contract. There were 365 open contracts at this strike prior to today, and today 1000 contract(s) were bought and sold.
• Regarding HOLX HOLX, we observe a call option sweep with bullish sentiment. It expires in 35 day(s) on October 20, 2023. Parties traded 486 contract(s) at a $75.00 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 $53.5K, with a price of $110.0 per contract. There were 790 open contracts at this strike prior to today, and today 727 contract(s) were bought and sold.
• Regarding SYK SYK, we observe a call option trade with bullish sentiment. It expires in 35 day(s) on October 20, 2023. Parties traded 310 contract(s) at a $310.00 strike. The total cost received by the writing party (or parties) was $47.4K, with a price of $153.0 per contract. There were 225 open contracts at this strike prior to today, and today 717 contract(s) were bought and sold.
• For SRPT SRPT, we notice a call option trade that happens to be bullish, expiring in 126 day(s) on January 19, 2024. This event was a transfer of 39 contract(s) at a $150.00 strike. The total cost received by the writing party (or parties) was $64.7K, with a price of $1660.0 per contract. There were 1167 open contracts at this strike prior to today, and today 430 contract(s) were bought and sold.
• Regarding BMRN BMRN, we observe a put option trade with bearish sentiment. It expires in 35 day(s) on October 20, 2023. Parties traded 100 contract(s) at a $90.00 strike. The total cost received by the writing party (or parties) was $32.0K, with a price of $320.0 per contract. There were 536 open contracts at this strike prior to today, and today 311 contract(s) were bought and sold.
• For BAX BAX, we notice a put option sweep that happens to be bearish, expiring in 126 day(s) on January 19, 2024. This event was a transfer of 250 contract(s) at a $42.50 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 $112.5K, with a price of $450.0 per contract. There were 1140 open contracts at this strike prior to today, and today 250 contract(s) were bought and sold.
• For SGEN SGEN, we notice a put option trade that happens to be bearish, expiring in 35 day(s) on October 20, 2023. This event was a transfer of 237 contract(s) at a $195.00 strike. The total cost received by the writing party (or parties) was $78.2K, with a price of $330.0 per contract. There were 25 open contracts at this strike prior to today, and today 241 contract(s) were bought and sold.
• For CAH CAH, we notice a put option trade that happens to be neutral, expiring in 91 day(s) on December 15, 2023. This event was a transfer of 180 contract(s) at a $90.00 strike. The total cost received by the writing party (or parties) was $84.6K, with a price of $470.0 per contract. There were 829 open contracts at this strike prior to today, and today 192 contract(s) were bought and sold.
• For BMY BMY, we notice a put option trade that happens to be neutral, expiring in 280 day(s) on June 21, 2024. This event was a transfer of 50 contract(s) at a $70.00 strike. The total cost received by the writing party (or parties) was $56.8K, with a price of $1136.0 per contract. There were 184 open contracts at this strike prior to today, and today 51 contract(s) were bought and sold.
• For LLY LLY, we notice a put option trade that happens to be bullish, expiring in 280 day(s) on June 21, 2024. This event was a transfer of 39 contract(s) at a $470.00 strike. The total cost received by the writing party (or parties) was $50.7K, with a price of $1300.0 per contract. There were 70 open contracts at this strike prior to today, and today 46 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 |
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