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 | CALL | SWEEP | BEARISH | 01/19/24 | $100.00 | $32.3K | 15.2K | 11.0K |
| LLY | CALL | SWEEP | BULLISH | 01/05/24 | $630.00 | $36.0K | 720 | 6.2K |
| PFE | PUT | TRADE | BEARISH | 06/20/25 | $25.00 | $146.2K | 9.3K | 828 |
| MRK | PUT | SWEEP | BEARISH | 01/16/26 | $125.00 | $235.5K | 6 | 500 |
| CVS | PUT | SWEEP | NEUTRAL | 04/19/24 | $82.50 | $27.2K | 4 | 273 |
| REGN | PUT | TRADE | BULLISH | 01/19/24 | $910.00 | $127.0K | 23 | 112 |
| NVO | CALL | TRADE | BULLISH | 01/17/25 | $100.00 | $31.1K | 1.5K | 109 |
| TGTX | PUT | SWEEP | BULLISH | 05/17/24 | $15.00 | $25.5K | 139 | 100 |
| AMGN | CALL | TRADE | BULLISH | 02/16/24 | $265.00 | $44.8K | 250 | 51 |
| BMY | CALL | TRADE | BULLISH | 01/16/26 | $43.00 | $31.6K | 46 | 48 |
Explanation
These itemized elaborations have been created using the accompanying table.
• Regarding CYTK CYTK, we observe a call option sweep with bearish sentiment. It expires in 15 day(s) on January 19, 2024. Parties traded 51 contract(s) at a $100.00 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 $32.3K, with a price of $630.0 per contract. There were 15259 open contracts at this strike prior to today, and today 11033 contract(s) were bought and sold.
• For LLY LLY, we notice a call option sweep that happens to be bullish, expiring in 1 day(s) on January 5, 2024. This event was a transfer of 89 contract(s) at a $630.00 strike. This particular call needed to be split into 18 different trades to become filled. The total cost received by the writing party (or parties) was $36.0K, with a price of $405.0 per contract. There were 720 open contracts at this strike prior to today, and today 6207 contract(s) were bought and sold.
• Regarding PFE PFE, we observe a put option trade with bearish sentiment. It expires in 533 day(s) on June 20, 2025. Parties traded 750 contract(s) at a $25.00 strike. The total cost received by the writing party (or parties) was $146.2K, with a price of $195.0 per contract. There were 9379 open contracts at this strike prior to today, and today 828 contract(s) were bought and sold.
• Regarding MRK MRK, we observe a put option sweep with bearish sentiment. It expires in 743 day(s) on January 16, 2026. Parties traded 156 contract(s) at a $125.00 strike. This particular put needed to be split into 10 different trades to become filled. The total cost received by the writing party (or parties) was $235.5K, with a price of $1510.0 per contract. There were 6 open contracts at this strike prior to today, and today 500 contract(s) were bought and sold.
• Regarding CVS CVS, we observe a put option sweep with neutral sentiment. It expires in 106 day(s) on April 19, 2024. Parties traded 55 contract(s) at a $82.50 strike. This particular put needed to be split into 14 different trades to become filled. The total cost received by the writing party (or parties) was $27.2K, with a price of $495.0 per contract. There were 4 open contracts at this strike prior to today, and today 273 contract(s) were bought and sold.
• Regarding REGN REGN, we observe a put option trade with bullish sentiment. It expires in 15 day(s) on January 19, 2024. Parties traded 100 contract(s) at a $910.00 strike. The total cost received by the writing party (or parties) was $127.0K, with a price of $1270.0 per contract. There were 23 open contracts at this strike prior to today, and today 112 contract(s) were bought and sold.
• For NVO NVO, we notice a call option trade that happens to be bullish, expiring in 379 day(s) on January 17, 2025. This event was a transfer of 15 contract(s) at a $100.00 strike. The total cost received by the writing party (or parties) was $31.1K, with a price of $2075.0 per contract. There were 1532 open contracts at this strike prior to today, and today 109 contract(s) were bought and sold.
• Regarding TGTX TGTX, we observe a put option sweep with bullish sentiment. It expires in 134 day(s) on May 17, 2024. Parties traded 100 contract(s) at a $15.00 strike. This particular put needed to be split into 23 different trades to become filled. The total cost received by the writing party (or parties) was $25.5K, with a price of $255.0 per contract. There were 139 open contracts at this strike prior to today, and today 100 contract(s) were bought and sold.
• Regarding AMGN AMGN, we observe a call option trade with bullish sentiment. It expires in 43 day(s) on February 16, 2024. Parties traded 11 contract(s) at a $265.00 strike. The total cost received by the writing party (or parties) was $44.8K, with a price of $4080.0 per contract. There were 250 open contracts at this strike prior to today, and today 51 contract(s) were bought and sold.
• Regarding BMY BMY, we observe a call option trade with bullish sentiment. It expires in 743 day(s) on January 16, 2026. Parties traded 25 contract(s) at a $43.00 strike. The total cost received by the writing party (or parties) was $31.6K, with a price of $1264.0 per contract. There were 46 open contracts at this strike prior to today, and today 48 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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