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 PUT SWEEP BULLISH 03/19/27 $100.00 $25.7K 167 278
SMMT CALL TRADE BEARISH 01/15/27 $20.00 $76.0K 1.5K 157
NVO CALL TRADE BEARISH 06/17/27 $20.00 $118.7K 66 56

Explanation

These itemized elaborations have been created using the accompanying table.

• Regarding ABT (NYSE:ABT), we observe a put option sweep with bullish sentiment. It expires in 178 day(s) on March 19, 2027. Parties traded 30 contract(s) at a $100.00 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 $25.7K, with a price of $852.0 per contract. There were 167 open contracts at this strike prior to today, and today 278 contract(s) were bought and sold.

• Regarding SMMT (NASDAQ:SMMT), we observe a call option trade with bearish sentiment. It expires in 115 day(s) on January 15, 2027. Parties traded 100 contract(s) at a $20.00 strike. The total cost received by the writing party (or parties) was $76.0K, with a price of $760.0 per contract. There were 1557 open contracts at this strike prior to today, and today 157 contract(s) were bought and sold.

• For NVO (NYSE:NVO), we notice a call option trade that happens to be bearish, expiring in 268 day(s) on June 17, 2027. This event was a transfer of 56 contract(s) at a $20.00 strike. The total cost received by the writing party (or parties) was $118.7K, with a price of $2120.0 per contract. There were 66 open contracts at this strike prior to today, and today 56 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.