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 (NYSE: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 (NASDAQ: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 (NASDAQ: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.
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.
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