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
NVO CALL SWEEP BEARISH 01/15/27 $35.00 $63.3K 823 296
MDGL CALL TRADE BEARISH 12/18/26 $500.00 $1.4 million 868 100
ARWR CALL TRADE NEUTRAL 01/15/27 $45.00 $57.5K 227 26
GILD CALL TRADE BEARISH 01/15/27 $125.00 $33.7K 218 24

Explanation

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

• For NVO (NYSE:NVO), we notice a call option sweep that happens to be bearish, expiring in 171 day(s) on January 15, 2027. This event was a transfer of 36 contract(s) at a $35.00 strike. This particular call needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $63.3K, with a price of $1760.0 per contract. There were 823 open contracts at this strike prior to today, and today 296 contract(s) were bought and sold.

• For MDGL (NASDAQ:MDGL), we notice a call option trade that happens to be bearish, expiring in 143 day(s) on December 18, 2026. This event was a transfer of 74 contract(s) at a $500.00 strike. The total cost received by the writing party (or parties) was $1.4 million, with a price of $19460.0 per contract. There were 868 open contracts at this strike prior to today, and today 100 contract(s) were bought and sold.

• Regarding ARWR (NASDAQ:ARWR), we observe a call option trade with neutral sentiment. It expires in 171 day(s) on January 15, 2027. Parties traded 25 contract(s) at a $45.00 strike. The total cost received by the writing party (or parties) was $57.5K, with a price of $2300.0 per contract. There were 227 open contracts at this strike prior to today, and today 26 contract(s) were bought and sold.

• Regarding GILD (NASDAQ:GILD), we observe a call option trade with bearish sentiment. It expires in 171 day(s) on January 15, 2027. Parties traded 19 contract(s) at a $125.00 strike. The total cost received by the writing party (or parties) was $33.7K, with a price of $1775.0 per contract. There were 218 open contracts at this strike prior to today, and today 24 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.