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 |
|---|---|---|---|---|---|---|---|---|
| SDC | PUT | TRADE | BEARISH | 03/18/22 | $2.00 | $87.5K | 970 | 3.5K |
| ABBV | CALL | SWEEP | BULLISH | 03/18/22 | $150.00 | $35.0K | 7.8K | 362 |
| TDOC | PUT | SWEEP | BEARISH | 02/25/22 | $52.00 | $34.7K | 6 | 306 |
| EXAS | CALL | SWEEP | BEARISH | 04/14/22 | $85.00 | $75.9K | 234 | 260 |
| ANTM | PUT | SWEEP | BULLISH | 02/25/22 | $442.50 | $41.7K | 16 | 225 |
| BCRX | CALL | TRADE | BEARISH | 03/18/22 | $15.00 | $43.6K | 9.5K | 156 |
| PFE | CALL | SWEEP | NEUTRAL | 09/16/22 | $40.00 | $97.2K | 5.2K | 102 |
| UNH | PUT | TRADE | BULLISH | 09/16/22 | $450.00 | $94.2K | 24 | 71 |
| SAVA | PUT | SWEEP | BEARISH | 04/14/22 | $50.00 | $64.7K | 1 | 50 |
| CI | CALL | TRADE | BULLISH | 01/20/23 | $195.00 | $45.8K | 21.4K | 30 |
Explanation
These itemized elaborations have been created using the accompanying table.
• Regarding SDC (NASDAQ:SDC), we observe a put option trade with bearish sentiment. It expires in 28 day(s) on March 18, 2022. Parties traded 3500 contract(s) at a $2.00 strike. The total cost received by the writing party (or parties) was $87.5K, with a price of $25.0 per contract. There were 970 open contracts at this strike prior to today, and today 3527 contract(s) were bought and sold.
• Regarding ABBV (NYSE:ABBV), we observe a call option sweep with bullish sentiment. It expires in 28 day(s) on March 18, 2022. Parties traded 240 contract(s) at a $150.00 strike. This particular call needed to be split into 30 different trades to become filled. The total cost received by the writing party (or parties) was $35.0K, with a price of $146.0 per contract. There were 7860 open contracts at this strike prior to today, and today 362 contract(s) were bought and sold.
• For TDOC (NYSE:TDOC), we notice a put option sweep that happens to be bearish, expiring in 7 day(s) on February 25, 2022. This event was a transfer of 278 contract(s) at a $52.00 strike. This particular put needed to be split into 56 different trades to become filled. The total cost received by the writing party (or parties) was $34.7K, with a price of $125.0 per contract. There were 6 open contracts at this strike prior to today, and today 306 contract(s) were bought and sold.
• For EXAS (NASDAQ:EXAS), we notice a call option sweep that happens to be bearish, expiring in 55 day(s) on April 14, 2022. This event was a transfer of 245 contract(s) at a $85.00 strike. This particular call needed to be split into 15 different trades to become filled. The total cost received by the writing party (or parties) was $75.9K, with a price of $310.0 per contract. There were 234 open contracts at this strike prior to today, and today 260 contract(s) were bought and sold.
• For ANTM (NYSE:ANTM), we notice a put option sweep that happens to be bullish, expiring in 7 day(s) on February 25, 2022. This event was a transfer of 72 contract(s) at a $442.50 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 $41.7K, with a price of $580.0 per contract. There were 16 open contracts at this strike prior to today, and today 225 contract(s) were bought and sold.
• Regarding BCRX (NASDAQ:BCRX), we observe a call option trade with bearish sentiment. It expires in 28 day(s) on March 18, 2022. Parties traded 100 contract(s) at a $15.00 strike. The total cost received by the writing party (or parties) was $43.6K, with a price of $436.0 per contract. There were 9581 open contracts at this strike prior to today, and today 156 contract(s) were bought and sold.
• For PFE (NYSE:PFE), we notice a call option sweep that happens to be neutral, expiring in 210 day(s) on September 16, 2022. This event was a transfer of 100 contract(s) at a $40.00 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 $97.2K, with a price of $972.0 per contract. There were 5211 open contracts at this strike prior to today, and today 102 contract(s) were bought and sold.
• For UNH (NYSE:UNH), we notice a put option trade that happens to be bullish, expiring in 210 day(s) on September 16, 2022. This event was a transfer of 29 contract(s) at a $450.00 strike. The total cost received by the writing party (or parties) was $94.2K, with a price of $3250.0 per contract. There were 24 open contracts at this strike prior to today, and today 71 contract(s) were bought and sold.
• For SAVA (NASDAQ:SAVA), we notice a put option sweep that happens to be bearish, expiring in 55 day(s) on April 14, 2022. This event was a transfer of 50 contract(s) at a $50.00 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 $64.7K, with a price of $1295.0 per contract. There were 1 open contracts at this strike prior to today, and today 50 contract(s) were bought and sold.
• Regarding CI (NYSE:CI), we observe a call option trade with bullish sentiment. It expires in 336 day(s) on January 20, 2023. Parties traded 10 contract(s) at a $195.00 strike. The total cost received by the writing party (or parties) was $45.8K, with a price of $4580.0 per contract. There were 21499 open contracts at this strike prior to today, and today 30 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.
