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 |
|---|---|---|---|---|---|---|---|---|
| TCDA | PUT | SWEEP | BEARISH | 11/18/22 | $2.50 | $32.2K | 62.9K | 2.8K |
| MRNA | PUT | SWEEP | BULLISH | 10/21/22 | $125.00 | $30.6K | 1.5K | 1.6K |
| BMY | PUT | SWEEP | BULLISH | 01/20/23 | $70.00 | $442.6K | 5.5K | 1.5K |
| ABT | PUT | SWEEP | BULLISH | 01/20/23 | $95.00 | $183.1K | 6.2K | 726 |
| BIIB | PUT | SWEEP | BULLISH | 10/21/22 | $260.00 | $34.0K | 1.0K | 248 |
| AMN | PUT | SWEEP | BEARISH | 10/21/22 | $115.00 | $37.2K | 150 | 191 |
| HUM | PUT | SWEEP | BULLISH | 11/18/22 | $480.00 | $57.0K | 86 | 180 |
| NVTA | CALL | TRADE | BEARISH | 01/17/25 | $0.50 | $28.5K | 392 | 150 |
| TMO | PUT | SWEEP | BEARISH | 10/21/22 | $510.00 | $33.3K | 834 | 123 |
| DHR | PUT | SWEEP | BEARISH | 01/20/23 | $220.00 | $48.8K | 1.4K | 88 |
Explanation
These itemized elaborations have been created using the accompanying table.
• For TCDA (NASDAQ:TCDA), we notice a put option sweep that happens to be bearish, expiring in 30 day(s) on November 18, 2022. This event was a transfer of 340 contract(s) at a $2.50 strike. This particular put needed to be split into 20 different trades to become filled. The total cost received by the writing party (or parties) was $32.2K, with a price of $95.0 per contract. There were 62921 open contracts at this strike prior to today, and today 2845 contract(s) were bought and sold.
• Regarding MRNA (NASDAQ:MRNA), we observe a put option sweep with bullish sentiment. It expires in 2 day(s) on October 21, 2022. Parties traded 100 contract(s) at a $125.00 strike. This particular put needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $30.6K, with a price of $311.0 per contract. There were 1595 open contracts at this strike prior to today, and today 1624 contract(s) were bought and sold.
• For BMY (NYSE:BMY), we notice a put option sweep that happens to be bullish, expiring in 93 day(s) on January 20, 2023. This event was a transfer of 1475 contract(s) at a $70.00 strike. This particular put needed to be split into 48 different trades to become filled. The total cost received by the writing party (or parties) was $442.6K, with a price of $300.0 per contract. There were 5598 open contracts at this strike prior to today, and today 1524 contract(s) were bought and sold.
• Regarding ABT (NYSE:ABT), we observe a put option sweep with bullish sentiment. It expires in 93 day(s) on January 20, 2023. Parties traded 407 contract(s) at a $95.00 strike. This particular put needed to be split into 35 different trades to become filled. The total cost received by the writing party (or parties) was $183.1K, with a price of $450.0 per contract. There were 6218 open contracts at this strike prior to today, and today 726 contract(s) were bought and sold.
• Regarding BIIB (NASDAQ:BIIB), we observe a put option sweep with bullish sentiment. It expires in 2 day(s) on October 21, 2022. Parties traded 162 contract(s) at a $260.00 strike. This particular put needed to be split into 24 different trades to become filled. The total cost received by the writing party (or parties) was $34.0K, with a price of $210.0 per contract. There were 1089 open contracts at this strike prior to today, and today 248 contract(s) were bought and sold.
• For AMN (NYSE:AMN), we notice a put option sweep that happens to be bearish, expiring in 2 day(s) on October 21, 2022. This event was a transfer of 98 contract(s) at a $115.00 strike. This particular put needed to be split into 21 different trades to become filled. The total cost received by the writing party (or parties) was $37.2K, with a price of $380.0 per contract. There were 150 open contracts at this strike prior to today, and today 191 contract(s) were bought and sold.
• For HUM (NYSE:HUM), we notice a put option sweep that happens to be bullish, expiring in 30 day(s) on November 18, 2022. This event was a transfer of 50 contract(s) at a $480.00 strike. This particular put needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was $57.0K, with a price of $1140.0 per contract. There were 86 open contracts at this strike prior to today, and today 180 contract(s) were bought and sold.
• Regarding NVTA (NYSE:NVTA), we observe a call option trade with bearish sentiment. It expires in 821 day(s) on January 17, 2025. Parties traded 150 contract(s) at a $0.50 strike. The total cost received by the writing party (or parties) was $28.5K, with a price of $190.0 per contract. There were 392 open contracts at this strike prior to today, and today 150 contract(s) were bought and sold.
• Regarding TMO (NYSE:TMO), we observe a put option sweep with bearish sentiment. It expires in 2 day(s) on October 21, 2022. Parties traded 29 contract(s) at a $510.00 strike. This particular put needed to be split into 11 different trades to become filled. The total cost received by the writing party (or parties) was $33.3K, with a price of $1150.0 per contract. There were 834 open contracts at this strike prior to today, and today 123 contract(s) were bought and sold.
• For DHR (NYSE:DHR), we notice a put option sweep that happens to be bearish, expiring in 93 day(s) on January 20, 2023. This event was a transfer of 74 contract(s) at a $220.00 strike. This particular put needed to be split into 8 different trades to become filled. The total cost received by the writing party (or parties) was $48.8K, with a price of $660.0 per contract. There were 1405 open contracts at this strike prior to today, and today 88 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.
