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.
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 |
|---|---|---|---|---|---|---|---|---|
| PFE | PUT | SWEEP | NEUTRAL | 01/19/24 | $45.00 | $89.7K | 14.3K | 1.0K |
| ACCD | CALL | TRADE | BEARISH | 11/18/22 | $12.50 | $40.0K | 189 | 1.0K |
| AVTR | CALL | SWEEP | BEARISH | 11/18/22 | $20.00 | $38.6K | 5.0K | 484 |
| KNSA | CALL | SWEEP | NEUTRAL | 04/21/23 | $12.50 | $62.8K | 201 | 275 |
| ABBV | CALL | TRADE | BULLISH | 01/20/23 | $160.00 | $46.7K | 5.0K | 245 |
| MRK | CALL | TRADE | BULLISH | 10/28/22 | $92.50 | $42.9K | 107 | 120 |
| HCA | CALL | SWEEP | NEUTRAL | 01/20/23 | $250.00 | $25.8K | 859 | 120 |
| SAVA | PUT | SWEEP | BEARISH | 12/16/22 | $30.00 | $32.1K | 1 | 108 |
| LLY | CALL | TRADE | BULLISH | 06/16/23 | $350.00 | $58.6K | 67 | 106 |
| BIIB | CALL | TRADE | BEARISH | 12/16/22 | $300.00 | $90.0K | 717 | 91 |
Explanation
These bullet-by-bullet explanations have been constructed using the accompanying table.
• Regarding PFE (NYSE:PFE), we observe a put option sweep with neutral sentiment. It expires in 452 day(s) on January 19, 2024. Parties traded 176 contract(s) at a $45.00 strike. This particular put needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $89.7K, with a price of $510.0 per contract. There were 14389 open contracts at this strike prior to today, and today 1055 contract(s) were bought and sold.
• For ACCD (NASDAQ:ACCD), we notice a call option trade that happens to be bearish, expiring in 25 day(s) on November 18, 2022. This event was a transfer of 1000 contract(s) at a $12.50 strike. The total cost received by the writing party (or parties) was $40.0K, with a price of $40.0 per contract. There were 189 open contracts at this strike prior to today, and today 1014 contract(s) were bought and sold.
• For AVTR (NYSE:AVTR), we notice a call option sweep that happens to be bearish, expiring in 25 day(s) on November 18, 2022. This event was a transfer of 386 contract(s) at a $20.00 strike. This particular call needed to be split into 23 different trades to become filled. The total cost received by the writing party (or parties) was $38.6K, with a price of $100.0 per contract. There were 5016 open contracts at this strike prior to today, and today 484 contract(s) were bought and sold.
• For KNSA (NASDAQ:KNSA), we notice a call option sweep that happens to be neutral, expiring in 179 day(s) on April 21, 2023. This event was a transfer of 275 contract(s) at a $12.50 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 $62.8K, with a price of $238.0 per contract. There were 201 open contracts at this strike prior to today, and today 275 contract(s) were bought and sold.
• Regarding ABBV (NYSE:ABBV), we observe a call option trade with bullish sentiment. It expires in 88 day(s) on January 20, 2023. Parties traded 110 contract(s) at a $160.00 strike. The total cost received by the writing party (or parties) was $46.7K, with a price of $425.0 per contract. There were 5082 open contracts at this strike prior to today, and today 245 contract(s) were bought and sold.
• For MRK (NYSE:MRK), we notice a call option trade that happens to be bullish, expiring in 4 day(s) on October 28, 2022. This event was a transfer of 85 contract(s) at a $92.50 strike. The total cost received by the writing party (or parties) was $42.9K, with a price of $505.0 per contract. There were 107 open contracts at this strike prior to today, and today 120 contract(s) were bought and sold.
• For HCA (NYSE:HCA), we notice a call option sweep that happens to be neutral, expiring in 88 day(s) on January 20, 2023. This event was a transfer of 120 contract(s) at a $250.00 strike. This particular call needed to be split into 42 different trades to become filled. The total cost received by the writing party (or parties) was $25.8K, with a price of $215.0 per contract. There were 859 open contracts at this strike prior to today, and today 120 contract(s) were bought and sold.
• Regarding SAVA (NASDAQ:SAVA), we observe a put option sweep with bearish sentiment. It expires in 53 day(s) on December 16, 2022. Parties traded 66 contract(s) at a $30.00 strike. This particular put needed to be split into 15 different trades to become filled. The total cost received by the writing party (or parties) was $32.1K, with a price of $485.0 per contract. There were 1 open contracts at this strike prior to today, and today 108 contract(s) were bought and sold.
• Regarding LLY (NYSE:LLY), we observe a call option trade with bullish sentiment. It expires in 235 day(s) on June 16, 2023. Parties traded 15 contract(s) at a $350.00 strike. The total cost received by the writing party (or parties) was $58.6K, with a price of $3910.0 per contract. There were 67 open contracts at this strike prior to today, and today 106 contract(s) were bought and sold.
• Regarding BIIB (NASDAQ:BIIB), we observe a call option trade with bearish sentiment. It expires in 53 day(s) on December 16, 2022. Parties traded 75 contract(s) at a $300.00 strike. The total cost received by the writing party (or parties) was $90.0K, with a price of $1200.0 per contract. There were 717 open contracts at this strike prior to today, and today 91 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.
