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 |
|---|---|---|---|---|---|---|---|---|
| ABT | CALL | SWEEP | BULLISH | 11/04/22 | $99.00 | $39.6K | 3.2K | 1.2K |
| MD | CALL | SWEEP | BULLISH | 11/18/22 | $15.00 | $34.0K | 578 | 381 |
| GILD | PUT | TRADE | BEARISH | 12/16/22 | $77.50 | $28.1K | 193 | 310 |
| HSIC | PUT | SWEEP | BEARISH | 11/18/22 | $75.00 | $50.0K | 1.0K | 200 |
| LLY | CALL | TRADE | BEARISH | 12/16/22 | $370.00 | $36.3K | 3.3K | 163 |
| AMGN | CALL | TRADE | BULLISH | 01/19/24 | $310.00 | $27.5K | 51 | 88 |
| EW | PUT | SWEEP | BEARISH | 01/20/23 | $75.00 | $31.9K | 620 | 77 |
| WST | PUT | TRADE | NEUTRAL | 11/18/22 | $250.00 | $108.0K | 51 | 40 |
| HUM | CALL | TRADE | NEUTRAL | 01/19/24 | $600.00 | $70.1K | 220 | 40 |
| VRTX | PUT | SWEEP | BULLISH | 04/21/23 | $280.00 | $26.4K | 140 | 26 |
Explanation
These itemized elaborations have been created using the accompanying table.
• Regarding ABT (NYSE:ABT), we observe a call option sweep with bullish sentiment. It expires in 2 day(s) on November 4, 2022. Parties traded 236 contract(s) at a $99.00 strike. This particular call needed to be split into 47 different trades to become filled. The total cost received by the writing party (or parties) was $39.6K, with a price of $168.0 per contract. There were 3203 open contracts at this strike prior to today, and today 1281 contract(s) were bought and sold.
• For MD (NYSE:MD), we notice a call option sweep that happens to be bullish, expiring in 16 day(s) on November 18, 2022. This event was a transfer of 81 contract(s) at a $15.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $34.0K, with a price of $420.0 per contract. There were 578 open contracts at this strike prior to today, and today 381 contract(s) were bought and sold.
• For GILD (NASDAQ:GILD), we notice a put option trade that happens to be bearish, expiring in 44 day(s) on December 16, 2022. This event was a transfer of 138 contract(s) at a $77.50 strike. The total cost received by the writing party (or parties) was $28.1K, with a price of $204.0 per contract. There were 193 open contracts at this strike prior to today, and today 310 contract(s) were bought and sold.
• For HSIC (NASDAQ:HSIC), we notice a put option sweep that happens to be bearish, expiring in 16 day(s) on November 18, 2022. This event was a transfer of 100 contract(s) at a $75.00 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 $50.0K, with a price of $500.0 per contract. There were 1000 open contracts at this strike prior to today, and today 200 contract(s) were bought and sold.
• For LLY (NYSE:LLY), we notice a call option trade that happens to be bearish, expiring in 44 day(s) on December 16, 2022. This event was a transfer of 30 contract(s) at a $370.00 strike. The total cost received by the writing party (or parties) was $36.3K, with a price of $1210.0 per contract. There were 3381 open contracts at this strike prior to today, and today 163 contract(s) were bought and sold.
• Regarding AMGN (NASDAQ:AMGN), we observe a call option trade with bullish sentiment. It expires in 443 day(s) on January 19, 2024. Parties traded 16 contract(s) at a $310.00 strike. The total cost received by the writing party (or parties) was $27.5K, with a price of $1720.0 per contract. There were 51 open contracts at this strike prior to today, and today 88 contract(s) were bought and sold.
• Regarding EW (NYSE:EW), we observe a put option sweep with bearish sentiment. It expires in 79 day(s) on January 20, 2023. Parties traded 57 contract(s) at a $75.00 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 $31.9K, with a price of $560.0 per contract. There were 620 open contracts at this strike prior to today, and today 77 contract(s) were bought and sold.
• For WST (NYSE:WST), we notice a put option trade that happens to be neutral, expiring in 16 day(s) on November 18, 2022. This event was a transfer of 40 contract(s) at a $250.00 strike. The total cost received by the writing party (or parties) was $108.0K, with a price of $2700.0 per contract. There were 51 open contracts at this strike prior to today, and today 40 contract(s) were bought and sold.
• For HUM (NYSE:HUM), we notice a call option trade that happens to be neutral, expiring in 443 day(s) on January 19, 2024. This event was a transfer of 10 contract(s) at a $600.00 strike. The total cost received by the writing party (or parties) was $70.1K, with a price of $7010.0 per contract. There were 220 open contracts at this strike prior to today, and today 40 contract(s) were bought and sold.
• Regarding VRTX (NASDAQ:VRTX), we observe a put option sweep with bullish sentiment. It expires in 170 day(s) on April 21, 2023. Parties traded 23 contract(s) at a $280.00 strike. This particular put needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $26.4K, with a price of $1150.0 per contract. There were 140 open contracts at this strike prior to today, and today 26 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.
