I'm LongbridgeAI, I can summarize articles.Benzinga tracked significant whale options activity in the Health Care sector. Notable trades include bearish call activity on ORKA and AXSM, and a bearish put sweep on MDT. Conversely, bullish sentiment was observed via put trades on MRNA, DVA, TEM, and ISRG, alongside a bearish put trade on LLY. These large-volume transactions highlight divergent market expectations among major investors for these specific healthcare stocks.
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 |
|---|---|---|---|---|---|---|---|---|
| ORKA | CALL | TRADE | BEARISH | 11/20/26 | $105.00 | $600.0K | 1 | 2.0K |
| AXSM | CALL | SWEEP | BEARISH | 10/16/26 | $210.00 | $132.6K | 153 | 642 |
| MDT | PUT | SWEEP | BEARISH | 10/09/26 | $87.00 | $34.7K | 26 | 492 |
| PURR | CALL | TRADE | BEARISH | 12/18/26 | $13.00 | $29.7K | 18.0K | 171 |
| MRNA | PUT | TRADE | BULLISH | 11/20/26 | $175.00 | $107.7K | 124 | 155 |
| DVA | PUT | TRADE | BULLISH | 08/20/27 | $185.00 | $70.0K | 0 | 120 |
| LLY | PUT | TRADE | BEARISH | 10/16/26 | $1150.00 | $35.2K | 643 | 74 |
| TEM | PUT | SWEEP | BULLISH | 01/15/27 | $70.00 | $26.4K | 1.1K | 60 |
| ISRG | PUT | TRADE | BULLISH | 01/15/27 | $400.00 | $48.0K | 617 | 40 |
| AMGN | CALL | SWEEP | BEARISH | 11/20/26 | $405.00 | $61.8K | 37 | 36 |
Explanation
These itemized elaborations have been created using the accompanying table.
• For ORKA (NASDAQ:ORKA), we notice a call option trade that happens to be bearish, expiring in 58 day(s) on November 20, 2026. This event was a transfer of 2000 contract(s) at a $105.00 strike. The total cost received by the writing party (or parties) was $600.0K, with a price of $300.0 per contract. There were 1 open contracts at this strike prior to today, and today 2000 contract(s) were bought and sold.
• Regarding AXSM (NASDAQ:AXSM), we observe a call option sweep with bearish sentiment. It expires in 23 day(s) on October 16, 2026. Parties traded 442 contract(s) at a $210.00 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 $132.6K, with a price of $300.0 per contract. There were 153 open contracts at this strike prior to today, and today 642 contract(s) were bought and sold.
• Regarding MDT (NYSE:MDT), we observe a put option sweep with bearish sentiment. It expires in 16 day(s) on October 9, 2026. Parties traded 300 contract(s) at a $87.00 strike. This particular put needed to be split into 39 different trades to become filled. The total cost received by the writing party (or parties) was $34.7K, with a price of $116.0 per contract. There were 26 open contracts at this strike prior to today, and today 492 contract(s) were bought and sold.
• Regarding PURR (NASDAQ:PURR), we observe a call option trade with bearish sentiment. It expires in 86 day(s) on December 18, 2026. Parties traded 100 contract(s) at a $13.00 strike. The total cost received by the writing party (or parties) was $29.7K, with a price of $297.0 per contract. There were 18061 open contracts at this strike prior to today, and today 171 contract(s) were bought and sold.
• For MRNA (NASDAQ:MRNA), we notice a put option trade that happens to be bullish, expiring in 58 day(s) on November 20, 2026. This event was a transfer of 50 contract(s) at a $175.00 strike. The total cost received by the writing party (or parties) was $107.7K, with a price of $2155.0 per contract. There were 124 open contracts at this strike prior to today, and today 155 contract(s) were bought and sold.
• For DVA (NYSE:DVA), we notice a put option trade that happens to be bullish, expiring in 331 day(s) on August 20, 2027. This event was a transfer of 28 contract(s) at a $185.00 strike. The total cost received by the writing party (or parties) was $70.0K, with a price of $2500.0 per contract. There were 0 open contracts at this strike prior to today, and today 120 contract(s) were bought and sold.
• Regarding LLY (NYSE:LLY), we observe a put option trade with bearish sentiment. It expires in 23 day(s) on October 16, 2026. Parties traded 10 contract(s) at a $1150.00 strike. The total cost received by the writing party (or parties) was $35.2K, with a price of $3525.0 per contract. There were 643 open contracts at this strike prior to today, and today 74 contract(s) were bought and sold.
• For TEM (NASDAQ:TEM), we notice a put option sweep that happens to be bullish, expiring in 114 day(s) on January 15, 2027. This event was a transfer of 30 contract(s) at a $70.00 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 $26.4K, with a price of $880.0 per contract. There were 1141 open contracts at this strike prior to today, and today 60 contract(s) were bought and sold.
• For ISRG (NASDAQ:ISRG), we notice a put option trade that happens to be bullish, expiring in 114 day(s) on January 15, 2027. This event was a transfer of 15 contract(s) at a $400.00 strike. The total cost received by the writing party (or parties) was $48.0K, with a price of $3200.0 per contract. There were 617 open contracts at this strike prior to today, and today 40 contract(s) were bought and sold.
• Regarding AMGN (NASDAQ:AMGN), we observe a call option sweep with bearish sentiment. It expires in 58 day(s) on November 20, 2026. Parties traded 31 contract(s) at a $405.00 strike. This particular call needed to be split into 12 different trades to become filled. The total cost received by the writing party (or parties) was $61.8K, with a price of $1990.0 per contract. There were 37 open contracts at this strike prior to today, and today 36 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.