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 |
|---|---|---|---|---|---|---|---|---|
| IMUX | CALL | SWEEP | BULLISH | 11/18/22 | $10.00 | $239.1K | 1.4K | 2.0K |
| BIIB | PUT | TRADE | BEARISH | 11/18/22 | $250.00 | $41.5K | 286 | 1.4K |
| NVAX | PUT | TRADE | BEARISH | 01/20/23 | $20.00 | $540.0K | 2.3K | 1.0K |
| TCDA | PUT | SWEEP | BEARISH | 11/18/22 | $10.00 | $38.3K | 19.8K | 983 |
| JAZZ | CALL | SWEEP | BEARISH | 11/18/22 | $145.00 | $46.7K | 3 | 395 |
| TDOC | PUT | SWEEP | BEARISH | 01/20/23 | $40.00 | $31.0K | 2.9K | 273 |
| BRKR | CALL | SWEEP | BULLISH | 11/18/22 | $60.00 | $36.0K | 603 | 206 |
| UNH | PUT | TRADE | BULLISH | 11/18/22 | $510.00 | $35.4K | 1.6K | 149 |
| AMGN | PUT | SWEEP | BULLISH | 11/18/22 | $250.00 | $25.9K | 413 | 117 |
| LNTH | PUT | TRADE | BEARISH | 01/20/23 | $75.00 | $31.0K | 95 | 75 |
Explanation
These bullet-by-bullet explanations have been constructed using the accompanying table.
• Regarding IMUX (NASDAQ:IMUX), we observe a call option sweep with bullish sentiment. It expires in 31 day(s) on November 18, 2022. Parties traded 838 contract(s) at a $10.00 strike. This particular call needed to be split into 52 different trades to become filled. The total cost received by the writing party (or parties) was $239.1K, with a price of $290.0 per contract. There were 1496 open contracts at this strike prior to today, and today 2090 contract(s) were bought and sold.
• Regarding BIIB (NASDAQ:BIIB), we observe a put option trade with bearish sentiment. It expires in 31 day(s) on November 18, 2022. Parties traded 50 contract(s) at a $250.00 strike. The total cost received by the writing party (or parties) was $41.5K, with a price of $830.0 per contract. There were 286 open contracts at this strike prior to today, and today 1467 contract(s) were bought and sold.
• For NVAX (NASDAQ:NVAX), we notice a put option trade that happens to be bearish, expiring in 94 day(s) on January 20, 2023. This event was a transfer of 1000 contract(s) at a $20.00 strike. The total cost received by the writing party (or parties) was $540.0K, with a price of $540.0 per contract. There were 2384 open contracts at this strike prior to today, and today 1025 contract(s) were bought and sold.
• For TCDA (NASDAQ:TCDA), we notice a put option sweep that happens to be bearish, expiring in 31 day(s) on November 18, 2022. This event was a transfer of 71 contract(s) at a $10.00 strike. This particular put needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $38.3K, with a price of $540.0 per contract. There were 19823 open contracts at this strike prior to today, and today 983 contract(s) were bought and sold.
• For JAZZ (NASDAQ:JAZZ), we notice a call option sweep that happens to be bearish, expiring in 31 day(s) on November 18, 2022. This event was a transfer of 146 contract(s) at a $145.00 strike. This particular call needed to be split into 16 different trades to become filled. The total cost received by the writing party (or parties) was $46.7K, with a price of $320.0 per contract. There were 3 open contracts at this strike prior to today, and today 395 contract(s) were bought and sold.
• For TDOC (NYSE:TDOC), we notice a put option sweep that happens to be bearish, expiring in 94 day(s) on January 20, 2023. This event was a transfer of 20 contract(s) at a $40.00 strike. This particular put needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $31.0K, with a price of $1550.0 per contract. There were 2966 open contracts at this strike prior to today, and today 273 contract(s) were bought and sold.
• Regarding BRKR (NASDAQ:BRKR), we observe a call option sweep with bullish sentiment. It expires in 31 day(s) on November 18, 2022. Parties traded 185 contract(s) at a $60.00 strike. This particular call needed to be split into 32 different trades to become filled. The total cost received by the writing party (or parties) was $36.0K, with a price of $195.0 per contract. There were 603 open contracts at this strike prior to today, and today 206 contract(s) were bought and sold.
• Regarding UNH (NYSE:UNH), we observe a put option trade with bullish sentiment. It expires in 31 day(s) on November 18, 2022. Parties traded 30 contract(s) at a $510.00 strike. The total cost received by the writing party (or parties) was $35.4K, with a price of $1180.0 per contract. There were 1676 open contracts at this strike prior to today, and today 149 contract(s) were bought and sold.
• For AMGN (NASDAQ:AMGN), we notice a put option sweep that happens to be bullish, expiring in 31 day(s) on November 18, 2022. This event was a transfer of 36 contract(s) at a $250.00 strike. This particular put needed to be split into 12 different trades to become filled. The total cost received by the writing party (or parties) was $25.9K, with a price of $720.0 per contract. There were 413 open contracts at this strike prior to today, and today 117 contract(s) were bought and sold.
• For LNTH (NASDAQ:LNTH), we notice a put option trade that happens to be bearish, expiring in 94 day(s) on January 20, 2023. This event was a transfer of 32 contract(s) at a $75.00 strike. The total cost received by the writing party (or parties) was $31.0K, with a price of $970.0 per contract. There were 95 open contracts at this strike prior to today, and today 75 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.
