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 |
|---|---|---|---|---|---|---|---|---|
| BAX | PUT | TRADE | BEARISH | 06/17/22 | $72.00 | $58.9K | 37 | 1.4K |
| PFE | PUT | TRADE | BEARISH | 12/16/22 | $50.00 | $30.1K | 2.8K | 1.4K |
| ALGN | CALL | SWEEP | BULLISH | 06/17/22 | $310.00 | $50.0K | 61 | 701 |
| CVS | PUT | TRADE | BEARISH | 06/17/22 | $95.00 | $78.5K | 10.3K | 576 |
| DHR | PUT | SWEEP | BULLISH | 09/16/22 | $260.00 | $82.7K | 370 | 445 |
| MRNA | CALL | SWEEP | BEARISH | 01/20/23 | $190.00 | $28.7K | 673 | 431 |
| TDOC | CALL | SWEEP | BULLISH | 09/16/22 | $45.00 | $86.1K | 698 | 292 |
| ILMN | CALL | SWEEP | BEARISH | 06/17/22 | $240.00 | $191.7K | 118 | 276 |
| MDT | CALL | TRADE | BULLISH | 06/17/22 | $97.00 | $29.4K | 156 | 268 |
| TLRY | PUT | SWEEP | BULLISH | 06/24/22 | $6.00 | $37.1K | 689 | 227 |
Explanation
These bullet-by-bullet explanations have been constructed using the accompanying table.
• Regarding BAX (NYSE:BAX), we observe a put option trade with bearish sentiment. It expires in 14 day(s) on June 17, 2022. Parties traded 589 contract(s) at a $72.00 strike. The total cost received by the writing party (or parties) was $58.9K, with a price of $100.0 per contract. There were 37 open contracts at this strike prior to today, and today 1450 contract(s) were bought and sold.
• For PFE (NYSE:PFE), we notice a put option trade that happens to be bearish, expiring in 196 day(s) on December 16, 2022. This event was a transfer of 99 contract(s) at a $50.00 strike. The total cost received by the writing party (or parties) was $30.1K, with a price of $305.0 per contract. There were 2809 open contracts at this strike prior to today, and today 1408 contract(s) were bought and sold.
• Regarding ALGN (NASDAQ:ALGN), we observe a call option sweep with bullish sentiment. It expires in 14 day(s) on June 17, 2022. Parties traded 200 contract(s) at a $310.00 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 $50.0K, with a price of $250.0 per contract. There were 61 open contracts at this strike prior to today, and today 701 contract(s) were bought and sold.
• Regarding CVS (NYSE:CVS), we observe a put option trade with bearish sentiment. It expires in 14 day(s) on June 17, 2022. Parties traded 500 contract(s) at a $95.00 strike. The total cost received by the writing party (or parties) was $78.5K, with a price of $157.0 per contract. There were 10351 open contracts at this strike prior to today, and today 576 contract(s) were bought and sold.
• Regarding DHR (NYSE:DHR), we observe a put option sweep with bullish sentiment. It expires in 105 day(s) on September 16, 2022. Parties traded 55 contract(s) at a $260.00 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 $82.7K, with a price of $1500.0 per contract. There were 370 open contracts at this strike prior to today, and today 445 contract(s) were bought and sold.
• Regarding MRNA (NASDAQ:MRNA), we observe a call option sweep with bearish sentiment. It expires in 231 day(s) on January 20, 2023. Parties traded 23 contract(s) at a $190.00 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 $28.7K, with a price of $1245.0 per contract. There were 673 open contracts at this strike prior to today, and today 431 contract(s) were bought and sold.
• Regarding TDOC (NYSE:TDOC), we observe a call option sweep with bullish sentiment. It expires in 105 day(s) on September 16, 2022. Parties traded 289 contract(s) at a $45.00 strike. This particular call needed to be split into 34 different trades to become filled. The total cost received by the writing party (or parties) was $86.1K, with a price of $297.0 per contract. There were 698 open contracts at this strike prior to today, and today 292 contract(s) were bought and sold.
• For ILMN (NASDAQ:ILMN), we notice a call option sweep that happens to be bearish, expiring in 14 day(s) on June 17, 2022. This event was a transfer of 274 contract(s) at a $240.00 strike. This particular call needed to be split into 34 different trades to become filled. The total cost received by the writing party (or parties) was $191.7K, with a price of $700.0 per contract. There were 118 open contracts at this strike prior to today, and today 276 contract(s) were bought and sold.
• For MDT (NYSE:MDT), we notice a call option trade that happens to be bullish, expiring in 14 day(s) on June 17, 2022. This event was a transfer of 195 contract(s) at a $97.00 strike. The total cost received by the writing party (or parties) was $29.4K, with a price of $151.0 per contract. There were 156 open contracts at this strike prior to today, and today 268 contract(s) were bought and sold.
• Regarding TLRY (NASDAQ:TLRY), we observe a put option sweep with bullish sentiment. It expires in 21 day(s) on June 24, 2022. Parties traded 203 contract(s) at a $6.00 strike. This particular put needed to be split into 19 different trades to become filled. The total cost received by the writing party (or parties) was $37.1K, with a price of $183.0 per contract. There were 689 open contracts at this strike prior to today, and today 227 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.
