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.
Here's the list of options activity happening in today's session:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| CYTK | CALL | TRADE | BEARISH | 01/19/24 | $55.00 | $63.3K | 9.3K | 1.5K |
| PFE | PUT | TRADE | BULLISH | 01/17/25 | $20.00 | $25.8K | 5.1K | 683 |
| ITCI | CALL | SWEEP | BULLISH | 01/19/24 | $60.00 | $80.0K | 1.1K | 316 |
| ILMN | CALL | TRADE | BEARISH | 12/15/23 | $130.00 | $32.0K | 343 | 209 |
| ARDX | CALL | SWEEP | BEARISH | 04/19/24 | $4.00 | $31.6K | 1.9K | 150 |
| ABBV | CALL | TRADE | BULLISH | 09/20/24 | $150.00 | $137.6K | 106 | 123 |
| CAH | PUT | TRADE | NEUTRAL | 12/15/23 | $106.00 | $34.2K | 157 | 117 |
| CVS | CALL | TRADE | BULLISH | 01/19/24 | $70.00 | $27.4K | 6.5K | 90 |
| ISRG | CALL | SWEEP | NEUTRAL | 01/19/24 | $280.00 | $238.1K | 456 | 44 |
| LLY | CALL | SWEEP | BEARISH | 01/12/24 | $570.00 | $699.8K | 510 | 27 |
Explanation
These itemized elaborations have been created using the accompanying table.
• Regarding CYTK CYTK, we observe a call option trade with bearish sentiment. It expires in 36 day(s) on January 19, 2024. Parties traded 198 contract(s) at a $55.00 strike. The total cost received by the writing party (or parties) was $63.3K, with a price of $320.0 per contract. There were 9315 open contracts at this strike prior to today, and today 1560 contract(s) were bought and sold.
• Regarding PFE PFE, we observe a put option trade with bullish sentiment. It expires in 400 day(s) on January 17, 2025. Parties traded 300 contract(s) at a $20.00 strike. The total cost received by the writing party (or parties) was $25.8K, with a price of $86.0 per contract. There were 5124 open contracts at this strike prior to today, and today 683 contract(s) were bought and sold.
• For ITCI ITCI, we notice a call option sweep that happens to be bullish, expiring in 36 day(s) on January 19, 2024. This event was a transfer of 100 contract(s) at a $60.00 strike. This particular call needed to be split into 39 different trades to become filled. The total cost received by the writing party (or parties) was $80.0K, with a price of $800.0 per contract. There were 1136 open contracts at this strike prior to today, and today 316 contract(s) were bought and sold.
• Regarding ILMN ILMN, we observe a call option trade with bearish sentiment. It expires in 1 day(s) on December 15, 2023. Parties traded 50 contract(s) at a $130.00 strike. The total cost received by the writing party (or parties) was $32.0K, with a price of $640.0 per contract. There were 343 open contracts at this strike prior to today, and today 209 contract(s) were bought and sold.
• Regarding ARDX ARDX, we observe a call option sweep with bearish sentiment. It expires in 127 day(s) on April 19, 2024. Parties traded 150 contract(s) at a $4.00 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 $31.6K, with a price of $211.0 per contract. There were 1905 open contracts at this strike prior to today, and today 150 contract(s) were bought and sold.
• Regarding ABBV ABBV, we observe a call option trade with bullish sentiment. It expires in 281 day(s) on September 20, 2024. Parties traded 99 contract(s) at a $150.00 strike. The total cost received by the writing party (or parties) was $137.6K, with a price of $1390.0 per contract. There were 106 open contracts at this strike prior to today, and today 123 contract(s) were bought and sold.
• Regarding CAH CAH, we observe a put option trade with neutral sentiment. It expires in 1 day(s) on December 15, 2023. Parties traded 97 contract(s) at a $106.00 strike. The total cost received by the writing party (or parties) was $34.2K, with a price of $353.0 per contract. There were 157 open contracts at this strike prior to today, and today 117 contract(s) were bought and sold.
• For CVS CVS, we notice a call option trade that happens to be bullish, expiring in 36 day(s) on January 19, 2024. This event was a transfer of 47 contract(s) at a $70.00 strike. The total cost received by the writing party (or parties) was $27.4K, with a price of $585.0 per contract. There were 6570 open contracts at this strike prior to today, and today 90 contract(s) were bought and sold.
• Regarding ISRG ISRG, we observe a call option sweep with neutral sentiment. It expires in 36 day(s) on January 19, 2024. Parties traded 44 contract(s) at a $280.00 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 $238.1K, with a price of $5363.0 per contract. There were 456 open contracts at this strike prior to today, and today 44 contract(s) were bought and sold.
• For LLY LLY, we notice a call option sweep that happens to be bearish, expiring in 29 day(s) on January 12, 2024. This event was a transfer of 327 contract(s) at a $570.00 strike. This particular call needed to be split into 28 different trades to become filled. The total cost received by the writing party (or parties) was $699.8K, with a price of $2140.0 per contract. There were 510 open contracts at this strike prior to today, and today 27 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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