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 |
|---|---|---|---|---|---|---|---|---|
| ABBV | PUT | TRADE | NEUTRAL | 11/17/23 | $140.00 | $293.7K | 9.4K | 1.4K |
| MOR | CALL | SWEEP | BEARISH | 01/19/24 | $10.00 | $48.1K | 15.3K | 737 |
| DXCM | PUT | TRADE | BULLISH | 01/19/24 | $102.50 | $300.0K | 248 | 600 |
| LLY | CALL | SWEEP | BULLISH | 11/24/23 | $600.00 | $34.8K | 834 | 565 |
| MRTX | PUT | TRADE | BEARISH | 03/15/24 | $45.00 | $30.0K | 662 | 500 |
| WAT | CALL | SWEEP | BULLISH | 11/17/23 | $250.00 | $118.1K | 874 | 363 |
| GEHC | CALL | TRADE | BEARISH | 04/19/24 | $50.00 | $33.2K | 395 | 354 |
| UNH | CALL | TRADE | BULLISH | 12/15/23 | $540.00 | $34.0K | 2.9K | 321 |
| IMGN | CALL | SWEEP | NEUTRAL | 01/16/26 | $17.00 | $52.1K | 150 | 150 |
| NTLA | CALL | TRADE | BEARISH | 09/20/24 | $40.00 | $35.0K | 590 | 120 |
Explanation
These itemized elaborations have been created using the accompanying table.
• For ABBV ABBV, we notice a put option trade that happens to be neutral, is expiring today. Parties traded 1329 contract(s) at a $140.00 strike. The total cost received by the writing party (or parties) was $293.7K, with a price of $221.0 per contract. There were 9491 open contracts at this strike prior to today, and today 1402 contract(s) were bought and sold.
• Regarding MOR MOR, we observe a call option sweep with bearish sentiment. It expires in 63 day(s) on January 19, 2024. Parties traded 292 contract(s) at a $10.00 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 $48.1K, with a price of $165.0 per contract. There were 15342 open contracts at this strike prior to today, and today 737 contract(s) were bought and sold.
• Regarding DXCM DXCM, we observe a put option trade with bullish sentiment. It expires in 63 day(s) on January 19, 2024. Parties traded 600 contract(s) at a $102.50 strike. The total cost received by the writing party (or parties) was $300.0K, with a price of $500.0 per contract. There were 248 open contracts at this strike prior to today, and today 600 contract(s) were bought and sold.
• Regarding LLY LLY, we observe a call option sweep with bullish sentiment. It expires in 7 day(s) on November 24, 2023. Parties traded 50 contract(s) at a $600.00 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 $34.8K, with a price of $699.0 per contract. There were 834 open contracts at this strike prior to today, and today 565 contract(s) were bought and sold.
• For MRTX MRTX, we notice a put option trade that happens to be bearish, expiring in 119 day(s) on March 15, 2024. This event was a transfer of 500 contract(s) at a $45.00 strike. The total cost received by the writing party (or parties) was $30.0K, with a price of $60.0 per contract. There were 662 open contracts at this strike prior to today, and today 500 contract(s) were bought and sold.
• For WAT WAT, we notice a call option sweep that happens to be bullish, is expiring today. Parties traded 93 contract(s) at a $250.00 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 $118.1K, with a price of $1270.0 per contract. There were 874 open contracts at this strike prior to today, and today 363 contract(s) were bought and sold.
• Regarding GEHC GEHC, we observe a call option trade with bearish sentiment. It expires in 154 day(s) on April 19, 2024. Parties traded 14 contract(s) at a $50.00 strike. The total cost received by the writing party (or parties) was $33.2K, with a price of $2376.0 per contract. There were 395 open contracts at this strike prior to today, and today 354 contract(s) were bought and sold.
• Regarding UNH UNH, we observe a call option trade with bullish sentiment. It expires in 28 day(s) on December 15, 2023. Parties traded 40 contract(s) at a $540.00 strike. The total cost received by the writing party (or parties) was $34.0K, with a price of $850.0 per contract. There were 2925 open contracts at this strike prior to today, and today 321 contract(s) were bought and sold.
• Regarding IMGN IMGN, we observe a call option sweep with neutral sentiment. It expires in 791 day(s) on January 16, 2026. Parties traded 100 contract(s) at a $17.00 strike. This particular call needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $52.1K, with a price of $490.0 per contract. There were 150 open contracts at this strike prior to today, and today 150 contract(s) were bought and sold.
• Regarding NTLA NTLA, we observe a call option trade with bearish sentiment. It expires in 308 day(s) on September 20, 2024. Parties traded 100 contract(s) at a $40.00 strike. The total cost received by the writing party (or parties) was $35.0K, with a price of $350.0 per contract. There were 590 open contracts at this strike prior to today, and today 120 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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