10 Health Care Stocks With Whale Alerts In Today's Session
Portfolio Pulse from Benzinga Insights
Today's session highlighted significant options activity in the Health Care sector, with notable trades on stocks like BAX, VKTX, CVS, LLY, IBRX, NVO, BIIB, DHR, HCA, and TMO. The activity ranged from bearish to bullish sentiments, involving both put and call options with varying expiration dates and strike prices. This options activity could indicate traders' expectations for these stocks' future movements.
March 20, 2024 | 5:35 pm
News sentiment analysis
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POSITIVE IMPACT
Bullish put option activity on NVO with a strike price of $120, expiring on 09/20/24, suggests confidence in NVO's stability or growth.
Bullish sentiment in put options suggests that traders believe the stock will not fall to the strike price by the expiration date, indicating confidence in the stock's performance.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Bullish put option sweep on TMO with a long-term expiration date of 01/16/26 and a strike price of $500 suggests strong confidence in TMO's growth.
The bullish sentiment, especially with a long-term expiration, indicates a strong belief among traders that TMO will not only maintain but exceed the strike price, reflecting optimism about the company's future.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 85
NEUTRAL IMPACT
Neutral call option sweep on IBRX with a low strike price of $2.50, expiring on 04/19/24, shows mixed expectations for IBRX's performance.
The neutral sentiment combined with a low strike price indicates that while there is some optimism about IBRX's potential to exceed this price, the market remains cautious.
CONFIDENCE 70
IMPORTANCE 55
RELEVANCE 65
NEUTRAL IMPACT
Neutral call option activity on LLY with a high strike price of $830, expiring on 05/17/24, indicates uncertainty about LLY's price movement.
Neutral sentiment in options trading, especially with a high strike price, suggests that the market is uncertain about the stock's ability to reach such a valuation by the expiration date.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Bearish put option activity on BAX with a strike price of $40, expiring on 05/17/24, indicates market expectation of a price decline.
Bearish sentiment in options trading often suggests that traders expect the stock price to decrease. The specific details of the trade, such as the strike price and expiration date, further support this expectation.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Bearish call option sweep on BIIB with a strike price of $220, expiring on 06/21/24, indicates bearish expectations for BIIB.
A bearish call sweep suggests that the market does not expect BIIB to reach the strike price by the expiration date, reflecting negative sentiment towards the stock.
CONFIDENCE 80
IMPORTANCE 65
RELEVANCE 75
NEGATIVE IMPACT
Bearish call option sweep on CVS with a strike price of $80, expiring on 04/19/24, reflects skepticism about CVS's short-term growth.
A bearish call sweep suggests that despite the potential for buying, the market sentiment is not positive about CVS reaching the strike price by the expiration date.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Bearish put option sweep on DHR with a strike price of $250, expiring on 05/17/24, reflects negative market sentiment towards DHR.
The bearish sentiment, indicated by a put sweep, suggests that traders expect DHR's price to decrease, not reaching the strike price by the expiration date.
CONFIDENCE 80
IMPORTANCE 65
RELEVANCE 75
NEGATIVE IMPACT
Bearish put option activity on HCA with a strike price of $320, expiring on 06/21/24, signals market concerns about HCA's future performance.
Bearish sentiment in put options indicates that traders are concerned about HCA's ability to maintain its current price level, expecting a decline.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Bearish call option activity on VKTX, despite being a call, suggests a lack of confidence in the stock reaching $90 by 04/05/24.
Although call options typically indicate a bullish sentiment, the bearish sentiment here suggests that traders do not believe VKTX will reach the strike price by the expiration date.
CONFIDENCE 80
IMPORTANCE 65
RELEVANCE 75