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
MLYS CALL SWEEP BEARISH 01/21/28 $45.00 $98.7K 1 199
CNTA CALL TRADE NEUTRAL 10/16/26 $35.00 $47.0K 1.2K 100
CTEV PUT TRADE BEARISH 06/18/26 $30.00 $38.0K 20 56
MCK PUT SWEEP BULLISH 06/18/26 $750.00 $114.8K 89 33
LGND CALL SWEEP BULLISH 11/20/26 $220.00 $39.8K 0 20
NVO PUT SWEEP NEUTRAL 01/21/28 $85.00 $46.8K 11 13
UNH CALL TRADE BULLISH 09/18/26 $280.00 $46.8K 1.3K 5

Explanation

These bullet-by-bullet explanations have been constructed using the accompanying table.

• For MLYS (NASDAQ:MLYS), we notice a call option sweep that happens to be bearish, expiring in 583 day(s) on January 21, 2028. This event was a transfer of 141 contract(s) at a $45.00 strike. This particular call needed to be split into 33 different trades to become filled. The total cost received by the writing party (or parties) was $98.7K, with a price of $700.0 per contract. There were 1 open contracts at this strike prior to today, and today 199 contract(s) were bought and sold.

• For CNTA (NASDAQ:CNTA), we notice a call option trade that happens to be neutral, expiring in 121 day(s) on October 16, 2026. This event was a transfer of 100 contract(s) at a $35.00 strike. The total cost received by the writing party (or parties) was $47.0K, with a price of $470.0 per contract. There were 1207 open contracts at this strike prior to today, and today 100 contract(s) were bought and sold.

• For CTEV (NYSE:CTEV), we notice a put option trade that happens to be bearish, expiring in 1 day(s) on June 18, 2026. This event was a transfer of 56 contract(s) at a $30.00 strike. The total cost received by the writing party (or parties) was $38.0K, with a price of $680.0 per contract. There were 20 open contracts at this strike prior to today, and today 56 contract(s) were bought and sold.

• For MCK (NYSE:MCK), we notice a put option sweep that happens to be bullish, expiring in 1 day(s) on June 18, 2026. This event was a transfer of 33 contract(s) at a $750.00 strike. This particular put needed to be split into 14 different trades to become filled. The total cost received by the writing party (or parties) was $114.8K, with a price of $3480.0 per contract. There were 89 open contracts at this strike prior to today, and today 33 contract(s) were bought and sold.

• Regarding LGND (NASDAQ:LGND), we observe a call option sweep with bullish sentiment. It expires in 156 day(s) on November 20, 2026. Parties traded 17 contract(s) at a $220.00 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 $39.8K, with a price of $2344.0 per contract. There were 0 open contracts at this strike prior to today, and today 20 contract(s) were bought and sold.

• For NVO (NYSE:NVO), we notice a put option sweep that happens to be neutral, expiring in 583 day(s) on January 21, 2028. This event was a transfer of 12 contract(s) at a $85.00 strike. This particular put needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $46.8K, with a price of $3901.0 per contract. There were 11 open contracts at this strike prior to today, and today 13 contract(s) were bought and sold.

• For UNH (NYSE:UNH), we notice a call option trade that happens to be bullish, expiring in 93 day(s) on September 18, 2026. This event was a transfer of 5 contract(s) at a $280.00 strike. The total cost received by the writing party (or parties) was $46.8K, with a price of $9360.0 per contract. There were 1327 open contracts at this strike prior to today, and today 5 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, read more news on unusual options activity.

This article was generated by Benzinga's automated content engine and reviewed by an editor.