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 |
|---|---|---|---|---|---|---|---|---|
| CYTK | PUT | SWEEP | BEARISH | 02/16/24 | $65.00 | $61.7K | 54 | 1.4K |
| PFE | CALL | SWEEP | BULLISH | 01/17/25 | $30.00 | $64.0K | 17.3K | 988 |
| IOVA | CALL | TRADE | BEARISH | 02/16/24 | $7.00 | $33.7K | 669 | 275 |
| SRPT | CALL | SWEEP | BEARISH | 03/15/24 | $105.00 | $56.3K | 123 | 202 |
| NVAX | PUT | TRADE | BEARISH | 01/19/24 | $15.00 | $25.2K | 3.8K | 128 |
| LLY | CALL | TRADE | BULLISH | 02/16/24 | $570.00 | $36.9K | 366 | 126 |
| REGN | PUT | TRADE | BEARISH | 01/19/24 | $800.00 | $62.3K | 293 | 101 |
| OGN | CALL | SWEEP | BULLISH | 01/16/26 | $7.50 | $28.8K | 728 | 50 |
| ISRG | CALL | TRADE | BEARISH | 06/21/24 | $350.00 | $35.8K | 1.0K | 40 |
| MRNA | CALL | TRADE | BULLISH | 01/16/26 | $105.00 | $65.6K | 369 | 20 |
Explanation
These bullet-by-bullet explanations have been constructed using the accompanying table.
• For CYTK CYTK, we notice a put option sweep that happens to be bearish, expiring in 51 day(s) on February 16, 2024. This event was a transfer of 199 contract(s) at a $65.00 strike. This particular put needed to be split into 107 different trades to become filled. The total cost received by the writing party (or parties) was $61.7K, with a price of $310.0 per contract. There were 54 open contracts at this strike prior to today, and today 1416 contract(s) were bought and sold.
• For PFE PFE, we notice a call option sweep that happens to be bullish, expiring in 387 day(s) on January 17, 2025. This event was a transfer of 250 contract(s) at a $30.00 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 $64.0K, with a price of $256.0 per contract. There were 17309 open contracts at this strike prior to today, and today 988 contract(s) were bought and sold.
• For IOVA IOVA, we notice a call option trade that happens to be bearish, expiring in 51 day(s) on February 16, 2024. This event was a transfer of 250 contract(s) at a $7.00 strike. The total cost received by the writing party (or parties) was $33.7K, with a price of $135.0 per contract. There were 669 open contracts at this strike prior to today, and today 275 contract(s) were bought and sold.
• Regarding SRPT SRPT, we observe a call option sweep with bearish sentiment. It expires in 79 day(s) on March 15, 2024. Parties traded 55 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 $56.3K, with a price of $1030.0 per contract. There were 123 open contracts at this strike prior to today, and today 202 contract(s) were bought and sold.
• For NVAX NVAX, we notice a put option trade that happens to be bearish, expiring in 23 day(s) on January 19, 2024. This event was a transfer of 25 contract(s) at a $15.00 strike. The total cost received by the writing party (or parties) was $25.2K, with a price of $1010.0 per contract. There were 3885 open contracts at this strike prior to today, and today 128 contract(s) were bought and sold.
• For LLY LLY, we notice a call option trade that happens to be bullish, expiring in 51 day(s) on February 16, 2024. This event was a transfer of 10 contract(s) at a $570.00 strike. The total cost received by the writing party (or parties) was $36.9K, with a price of $3694.0 per contract. There were 366 open contracts at this strike prior to today, and today 126 contract(s) were bought and sold.
• Regarding REGN REGN, we observe a put option trade with bearish sentiment. It expires in 23 day(s) on January 19, 2024. Parties traded 99 contract(s) at a $800.00 strike. The total cost received by the writing party (or parties) was $62.3K, with a price of $630.0 per contract. There were 293 open contracts at this strike prior to today, and today 101 contract(s) were bought and sold.
• Regarding OGN OGN, we observe a call option sweep with bullish sentiment. It expires in 751 day(s) on January 16, 2026. Parties traded 40 contract(s) at a $7.50 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $28.8K, with a price of $720.0 per contract. There were 728 open contracts at this strike prior to today, and today 50 contract(s) were bought and sold.
• For ISRG ISRG, we notice a call option trade that happens to be bearish, expiring in 177 day(s) on June 21, 2024. This event was a transfer of 13 contract(s) at a $350.00 strike. The total cost received by the writing party (or parties) was $35.8K, with a price of $2760.0 per contract. There were 1043 open contracts at this strike prior to today, and today 40 contract(s) were bought and sold.
• For MRNA MRNA, we notice a call option trade that happens to be bullish, expiring in 751 day(s) on January 16, 2026. This event was a transfer of 20 contract(s) at a $105.00 strike. The total cost received by the writing party (or parties) was $65.6K, with a price of $3280.0 per contract. There were 369 open contracts at this strike prior to today, and today 20 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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