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 |
|---|---|---|---|---|---|---|---|---|
| TLRY | CALL | SWEEP | BEARISH | 08/19/22 | $4.00 | $38.1K | 15.0K | 13.2K |
| PFE | CALL | SWEEP | BULLISH | 10/21/22 | $55.00 | $70.5K | 1.8K | 2.5K |
| MRK | CALL | TRADE | BEARISH | 11/18/22 | $97.50 | $171.3K | 1.0K | 1.1K |
| MDT | CALL | SWEEP | BEARISH | 10/21/22 | $100.00 | $51.1K | 226 | 609 |
| CVS | CALL | TRADE | BULLISH | 08/19/22 | $100.00 | $78.1K | 6.4K | 300 |
| ZBH | PUT | SWEEP | BULLISH | 09/16/22 | $115.00 | $61.0K | 54 | 285 |
| HALO | CALL | TRADE | BEARISH | 03/17/23 | $45.00 | $62.1K | 1.0K | 201 |
| RVNC | CALL | SWEEP | BULLISH | 09/16/22 | $22.50 | $31.6K | 804 | 153 |
| VERV | CALL | TRADE | BULLISH | 09/16/22 | $35.00 | $26.0K | 136 | 121 |
| ILMN | PUT | SWEEP | BEARISH | 09/16/22 | $230.00 | $39.8K | 101 | 69 |
Explanation
These itemized elaborations have been created using the accompanying table.
• Regarding TLRY (NASDAQ:TLRY), we observe a call option sweep with bearish sentiment. It expires in 4 day(s) on August 19, 2022. Parties traded 1000 contract(s) at a $4.00 strike. This particular call needed to be split into 26 different trades to become filled. The total cost received by the writing party (or parties) was $38.1K, with a price of $38.0 per contract. There were 15062 open contracts at this strike prior to today, and today 13272 contract(s) were bought and sold.
• Regarding PFE (NYSE:PFE), we observe a call option sweep with bullish sentiment. It expires in 67 day(s) on October 21, 2022. Parties traded 1500 contract(s) at a $55.00 strike. This particular call needed to be split into 22 different trades to become filled. The total cost received by the writing party (or parties) was $70.5K, with a price of $47.0 per contract. There were 1814 open contracts at this strike prior to today, and today 2599 contract(s) were bought and sold.
• Regarding MRK (NYSE:MRK), we observe a call option trade with bearish sentiment. It expires in 95 day(s) on November 18, 2022. Parties traded 1150 contract(s) at a $97.50 strike. The total cost received by the writing party (or parties) was $171.3K, with a price of $149.0 per contract. There were 1047 open contracts at this strike prior to today, and today 1158 contract(s) were bought and sold.
• For MDT (NYSE:MDT), we notice a call option sweep that happens to be bearish, expiring in 67 day(s) on October 21, 2022. This event was a transfer of 310 contract(s) at a $100.00 strike. This particular call needed to be split into 35 different trades to become filled. The total cost received by the writing party (or parties) was $51.1K, with a price of $165.0 per contract. There were 226 open contracts at this strike prior to today, and today 609 contract(s) were bought and sold.
• For CVS (NYSE:CVS), we notice a call option trade that happens to be bullish, expiring in 4 day(s) on August 19, 2022. This event was a transfer of 124 contract(s) at a $100.00 strike. The total cost received by the writing party (or parties) was $78.1K, with a price of $630.0 per contract. There were 6454 open contracts at this strike prior to today, and today 300 contract(s) were bought and sold.
• Regarding ZBH (NYSE:ZBH), we observe a put option sweep with bullish sentiment. It expires in 32 day(s) on September 16, 2022. Parties traded 284 contract(s) at a $115.00 strike. This particular put needed to be split into 37 different trades to become filled. The total cost received by the writing party (or parties) was $61.0K, with a price of $215.0 per contract. There were 54 open contracts at this strike prior to today, and today 285 contract(s) were bought and sold.
• For HALO (NASDAQ:HALO), we notice a call option trade that happens to be bearish, expiring in 214 day(s) on March 17, 2023. This event was a transfer of 109 contract(s) at a $45.00 strike. The total cost received by the writing party (or parties) was $62.1K, with a price of $570.0 per contract. There were 1031 open contracts at this strike prior to today, and today 201 contract(s) were bought and sold.
• For RVNC (NASDAQ:RVNC), we notice a call option sweep that happens to be bullish, expiring in 32 day(s) on September 16, 2022. This event was a transfer of 115 contract(s) at a $22.50 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 $31.6K, with a price of $275.0 per contract. There were 804 open contracts at this strike prior to today, and today 153 contract(s) were bought and sold.
• For VERV (NASDAQ:VERV), we notice a call option trade that happens to be bullish, expiring in 32 day(s) on September 16, 2022. This event was a transfer of 50 contract(s) at a $35.00 strike. The total cost received by the writing party (or parties) was $26.0K, with a price of $520.0 per contract. There were 136 open contracts at this strike prior to today, and today 121 contract(s) were bought and sold.
• For ILMN (NASDAQ:ILMN), we notice a put option sweep that happens to be bearish, expiring in 32 day(s) on September 16, 2022. This event was a transfer of 35 contract(s) at a $230.00 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 $39.8K, with a price of $1139.0 per contract. There were 101 open contracts at this strike prior to today, and today 69 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.
