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 |
|---|---|---|---|---|---|---|---|---|
| MRK | PUT | SWEEP | BEARISH | 08/19/22 | $87.00 | $43.1K | 854 | 2.6K |
| NVST | CALL | SWEEP | BEARISH | 12/16/22 | $45.00 | $181.1K | 5.0K | 2.0K |
| ICPT | CALL | TRADE | NEUTRAL | 09/16/22 | $30.00 | $36.2K | 718 | 1.5K |
| BNGO | CALL | SWEEP | BEARISH | 09/16/22 | $6.00 | $28.0K | 1.0K | 1.4K |
| TEVA | CALL | SWEEP | BEARISH | 01/20/23 | $10.00 | $63.1K | 67.0K | 595 |
| NVTA | PUT | SWEEP | BEARISH | 12/16/22 | $7.50 | $82.5K | 137 | 259 |
| BIIB | CALL | TRADE | BULLISH | 01/19/24 | $225.00 | $53.0K | 99 | 116 |
| SGEN | PUT | SWEEP | NEUTRAL | 08/19/22 | $170.00 | $55.0K | 1.2K | 102 |
| RETA | CALL | TRADE | BULLISH | 11/18/22 | $17.50 | $63.0K | 0 | 100 |
| SWAV | CALL | SWEEP | BEARISH | 08/19/22 | $260.00 | $43.4K | 312 | 20 |
Explanation
These itemized elaborations have been created using the accompanying table.
• Regarding MRK (NYSE:MRK), we observe a put option sweep with bearish sentiment. It expires in 7 day(s) on August 19, 2022. Parties traded 2601 contract(s) at a $87.00 strike. This particular put needed to be split into 80 different trades to become filled. The total cost received by the writing party (or parties) was $43.1K, with a price of $17.0 per contract. There were 854 open contracts at this strike prior to today, and today 2697 contract(s) were bought and sold.
• Regarding NVST (NYSE:NVST), we observe a call option sweep with bearish sentiment. It expires in 126 day(s) on December 16, 2022. Parties traded 1000 contract(s) at a $45.00 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $181.1K, with a price of $180.0 per contract. There were 5008 open contracts at this strike prior to today, and today 2003 contract(s) were bought and sold.
• Regarding ICPT (NASDAQ:ICPT), we observe a call option trade with neutral sentiment. It expires in 35 day(s) on September 16, 2022. Parties traded 1449 contract(s) at a $30.00 strike. The total cost received by the writing party (or parties) was $36.2K, with a price of $25.0 per contract. There were 718 open contracts at this strike prior to today, and today 1504 contract(s) were bought and sold.
• Regarding BNGO (NASDAQ:BNGO), we observe a call option sweep with bearish sentiment. It expires in 35 day(s) on September 16, 2022. Parties traded 1000 contract(s) at a $6.00 strike. This particular call needed to be split into 8 different trades to become filled. The total cost received by the writing party (or parties) was $28.0K, with a price of $28.0 per contract. There were 1095 open contracts at this strike prior to today, and today 1414 contract(s) were bought and sold.
• Regarding TEVA (NYSE:TEVA), we observe a call option sweep with bearish sentiment. It expires in 161 day(s) on January 20, 2023. Parties traded 311 contract(s) at a $10.00 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 $63.1K, with a price of $203.0 per contract. There were 67052 open contracts at this strike prior to today, and today 595 contract(s) were bought and sold.
• For NVTA (NYSE:NVTA), we notice a put option sweep that happens to be bearish, expiring in 126 day(s) on December 16, 2022. This event was a transfer of 250 contract(s) at a $7.50 strike. This particular put needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $82.5K, with a price of $330.0 per contract. There were 137 open contracts at this strike prior to today, and today 259 contract(s) were bought and sold.
• Regarding BIIB (NASDAQ:BIIB), we observe a call option trade with bullish sentiment. It expires in 525 day(s) on January 19, 2024. Parties traded 12 contract(s) at a $225.00 strike. The total cost received by the writing party (or parties) was $53.0K, with a price of $4420.0 per contract. There were 99 open contracts at this strike prior to today, and today 116 contract(s) were bought and sold.
• For SGEN (NASDAQ:SGEN), we notice a put option sweep that happens to be neutral, expiring in 7 day(s) on August 19, 2022. This event was a transfer of 100 contract(s) at a $170.00 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 $55.0K, with a price of $550.0 per contract. There were 1226 open contracts at this strike prior to today, and today 102 contract(s) were bought and sold.
• For RETA (NASDAQ:RETA), we notice a call option trade that happens to be bullish, expiring in 98 day(s) on November 18, 2022. This event was a transfer of 100 contract(s) at a $17.50 strike. The total cost received by the writing party (or parties) was $63.0K, with a price of $630.0 per contract. There were 0 open contracts at this strike prior to today, and today 100 contract(s) were bought and sold.
• For SWAV (NASDAQ:SWAV), we notice a call option sweep that happens to be bearish, expiring in 7 day(s) on August 19, 2022. This event was a transfer of 14 contract(s) at a $260.00 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 $43.4K, with a price of $3100.0 per contract. There were 312 open contracts at this strike prior to today, and today 20 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.
