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 |
|---|---|---|---|---|---|---|---|---|
| GSK | CALL | TRADE | BEARISH | 10/28/22 | $33.00 | $30.4K | 5.4K | 2.5K |
| HSIC | PUT | SWEEP | BULLISH | 01/20/23 | $70.00 | $29.7K | 92 | 569 |
| VRNA | CALL | SWEEP | BULLISH | 03/17/23 | $12.50 | $47.1K | 236 | 551 |
| PACB | PUT | TRADE | BULLISH | 12/16/22 | $14.00 | $161.3K | 0 | 286 |
| MDGL | CALL | SWEEP | BEARISH | 12/16/22 | $90.00 | $98.4K | 13 | 170 |
| GILD | CALL | TRADE | BEARISH | 05/19/23 | $85.00 | $41.0K | 144 | 155 |
| HUM | CALL | SWEEP | NEUTRAL | 01/20/23 | $560.00 | $61.0K | 147 | 28 |
| THC | CALL | TRADE | BULLISH | 11/18/22 | $35.00 | $25.4K | 141 | 25 |
| BIIB | PUT | SWEEP | NEUTRAL | 12/16/22 | $300.00 | $43.5K | 9 | 7 |
| MRNA | CALL | TRADE | BULLISH | 01/19/24 | $135.00 | $35.5K | 258 | 7 |
Explanation
These bullet-by-bullet explanations have been constructed using the accompanying table.
• For GSK (NYSE:GSK), we notice a call option trade that happens to be bearish, is expiring today. Parties traded 800 contract(s) at a $33.00 strike. The total cost received by the writing party (or parties) was $30.4K, with a price of $38.0 per contract. There were 5441 open contracts at this strike prior to today, and today 2537 contract(s) were bought and sold.
• For HSIC (NASDAQ:HSIC), we notice a put option sweep that happens to be bullish, expiring in 84 day(s) on January 20, 2023. This event was a transfer of 85 contract(s) at a $70.00 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 $29.7K, with a price of $350.0 per contract. There were 92 open contracts at this strike prior to today, and today 569 contract(s) were bought and sold.
• For VRNA (NASDAQ:VRNA), we notice a call option sweep that happens to be bullish, expiring in 140 day(s) on March 17, 2023. This event was a transfer of 185 contract(s) at a $12.50 strike. This particular call needed to be split into 14 different trades to become filled. The total cost received by the writing party (or parties) was $47.1K, with a price of $255.0 per contract. There were 236 open contracts at this strike prior to today, and today 551 contract(s) were bought and sold.
• For PACB (NASDAQ:PACB), we notice a put option trade that happens to be bullish, expiring in 49 day(s) on December 16, 2022. This event was a transfer of 286 contract(s) at a $14.00 strike. The total cost received by the writing party (or parties) was $161.3K, with a price of $564.0 per contract. There were 0 open contracts at this strike prior to today, and today 286 contract(s) were bought and sold.
• For MDGL (NASDAQ:MDGL), we notice a call option sweep that happens to be bearish, expiring in 49 day(s) on December 16, 2022. This event was a transfer of 49 contract(s) at a $90.00 strike. This particular call needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was $98.4K, with a price of $2010.0 per contract. There were 13 open contracts at this strike prior to today, and today 170 contract(s) were bought and sold.
• Regarding GILD (NASDAQ:GILD), we observe a call option trade with bearish sentiment. It expires in 203 day(s) on May 19, 2023. Parties traded 111 contract(s) at a $85.00 strike. The total cost received by the writing party (or parties) was $41.0K, with a price of $370.0 per contract. There were 144 open contracts at this strike prior to today, and today 155 contract(s) were bought and sold.
• Regarding HUM (NYSE:HUM), we observe a call option sweep with neutral sentiment. It expires in 84 day(s) on January 20, 2023. Parties traded 20 contract(s) at a $560.00 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 $61.0K, with a price of $3050.0 per contract. There were 147 open contracts at this strike prior to today, and today 28 contract(s) were bought and sold.
• Regarding THC (NYSE:THC), we observe a call option trade with bullish sentiment. It expires in 21 day(s) on November 18, 2022. Parties traded 25 contract(s) at a $35.00 strike. The total cost received by the writing party (or parties) was $25.4K, with a price of $1020.0 per contract. There were 141 open contracts at this strike prior to today, and today 25 contract(s) were bought and sold.
• Regarding BIIB (NASDAQ:BIIB), we observe a put option sweep with neutral sentiment. It expires in 49 day(s) on December 16, 2022. Parties traded 14 contract(s) at a $300.00 strike. This particular put needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $43.5K, with a price of $3127.0 per contract. There were 9 open contracts at this strike prior to today, and today 7 contract(s) were bought and sold.
• Regarding MRNA (NASDAQ:MRNA), we observe a call option trade with bullish sentiment. It expires in 448 day(s) on January 19, 2024. Parties traded 7 contract(s) at a $135.00 strike. The total cost received by the writing party (or parties) was $35.5K, with a price of $5075.0 per contract. There were 258 open contracts at this strike prior to today, and today 7 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.
