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 |
|---|---|---|---|---|---|---|---|---|
| IOVA | CALL | TRADE | BULLISH | 10/20/23 | $5.00 | $36.0K | 7.0K | 744 |
| TCMD | CALL | SWEEP | BEARISH | 11/17/23 | $12.50 | $54.5K | 750 | 500 |
| MASI | CALL | SWEEP | BULLISH | 10/20/23 | $105.00 | $27.8K | 1.6K | 342 |
| BDTX | CALL | SWEEP | BEARISH | 12/15/23 | $2.50 | $28.7K | 1.5K | 320 |
| SRPT | PUT | SWEEP | BEARISH | 01/19/24 | $120.00 | $41.4K | 770 | 91 |
| IMVT | PUT | SWEEP | BEARISH | 12/15/23 | $10.00 | $54.0K | 365 | 64 |
| BNTX | CALL | TRADE | BEARISH | 01/17/25 | $90.00 | $31.3K | 30 | 30 |
| LLY | PUT | TRADE | BULLISH | 04/19/24 | $550.00 | $26.4K | 49 | 28 |
| RMD | PUT | SWEEP | BEARISH | 04/19/24 | $150.00 | $35.2K | 7 | 25 |
| ABBV | CALL | SWEEP | BULLISH | 01/19/24 | $125.00 | $45.2K | 725 | 15 |
Explanation
These itemized elaborations have been created using the accompanying table.
• For IOVA IOVA, we notice a call option trade that happens to be bullish, expiring in 32 day(s) on October 20, 2023. This event was a transfer of 300 contract(s) at a $5.00 strike. The total cost received by the writing party (or parties) was $36.0K, with a price of $120.0 per contract. There were 7047 open contracts at this strike prior to today, and today 744 contract(s) were bought and sold.
• Regarding TCMD TCMD, we observe a call option sweep with bearish sentiment. It expires in 60 day(s) on November 17, 2023. Parties traded 176 contract(s) at a $12.50 strike. This particular call needed to be split into 10 different trades to become filled. The total cost received by the writing party (or parties) was $54.5K, with a price of $310.0 per contract. There were 750 open contracts at this strike prior to today, and today 500 contract(s) were bought and sold.
• For MASI MASI, we notice a call option sweep that happens to be bullish, expiring in 32 day(s) on October 20, 2023. This event was a transfer of 107 contract(s) at a $105.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $27.8K, with a price of $260.0 per contract. There were 1697 open contracts at this strike prior to today, and today 342 contract(s) were bought and sold.
• Regarding BDTX BDTX, we observe a call option sweep with bearish sentiment. It expires in 88 day(s) on December 15, 2023. Parties traded 250 contract(s) at a $2.50 strike. This particular call needed to be split into 15 different trades to become filled. The total cost received by the writing party (or parties) was $28.7K, with a price of $115.0 per contract. There were 1504 open contracts at this strike prior to today, and today 320 contract(s) were bought and sold.
• For SRPT SRPT, we notice a put option sweep that happens to be bearish, expiring in 123 day(s) on January 19, 2024. This event was a transfer of 15 contract(s) at a $120.00 strike. This particular put needed to be split into 15 different trades to become filled. The total cost received by the writing party (or parties) was $41.4K, with a price of $2760.0 per contract. There were 770 open contracts at this strike prior to today, and today 91 contract(s) were bought and sold.
• For IMVT IMVT, we notice a put option sweep that happens to be bearish, expiring in 88 day(s) on December 15, 2023. This event was a transfer of 193 contract(s) at a $10.00 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 $54.0K, with a price of $280.0 per contract. There were 365 open contracts at this strike prior to today, and today 64 contract(s) were bought and sold.
• For BNTX BNTX, we notice a call option trade that happens to be bearish, expiring in 487 day(s) on January 17, 2025. This event was a transfer of 9 contract(s) at a $90.00 strike. The total cost received by the writing party (or parties) was $31.3K, with a price of $3486.0 per contract. There were 30 open contracts at this strike prior to today, and today 30 contract(s) were bought and sold.
• For LLY LLY, we notice a put option trade that happens to be bullish, expiring in 214 day(s) on April 19, 2024. This event was a transfer of 9 contract(s) at a $550.00 strike. The total cost received by the writing party (or parties) was $26.4K, with a price of $2935.0 per contract. There were 49 open contracts at this strike prior to today, and today 28 contract(s) were bought and sold.
• For RMD RMD, we notice a put option sweep that happens to be bearish, expiring in 214 day(s) on April 19, 2024. This event was a transfer of 25 contract(s) at a $150.00 strike. This particular put needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $35.2K, with a price of $1410.0 per contract. There were 7 open contracts at this strike prior to today, and today 25 contract(s) were bought and sold.
• For ABBV ABBV, we notice a call option sweep that happens to be bullish, expiring in 123 day(s) on January 19, 2024. This event was a transfer of 15 contract(s) at a $125.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $45.2K, with a price of $3015.0 per contract. There were 725 open contracts at this strike prior to today, and today 15 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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