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: <table style="height: 90px">
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>BMY</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/18/26</td>
<td>$50.00</td>
<td>$26.9K</td>
<td>3.7K</td>
<td>2.5K</td>
</tr>
<tr>
<td>AVTX</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>05/15/26</td>
<td>$22.50</td>
<td>$40.5K</td>
<td>16</td>
<td>2.5K</td>
</tr>
<tr>
<td>LLY</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>04/02/26</td>
<td>$1000.00</td>
<td>$29.8K</td>
<td>698</td>
<td>1.1K</td>
</tr>
<tr>
<td>SLS</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/18/26</td>
<td>$9.00</td>
<td>$46.6K</td>
<td>425</td>
<td>383</td>
</tr>
<tr>
<td>MRK</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>04/02/26</td>
<td>$117.00</td>
<td>$25.2K</td>
<td>1.9K</td>
<td>249</td>
</tr>
<tr>
<td>NVO</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/15/27</td>
<td>$40.00</td>
<td>$40.1K</td>
<td>15.5K</td>
<td>160</td>
</tr>
<tr>
<td>CNC</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/15/27</td>
<td>$30.00</td>
<td>$29.3K</td>
<td>875</td>
<td>69</td>
</tr>
<tr>
<td>JNJ</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>04/17/26</td>
<td>$155.00</td>
<td>$433.0K</td>
<td>0</td>
<td>50</td>
</tr>
<tr>
<td>TMDX</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/21/28</td>
<td>$105.00</td>
<td>$37.8K</td>
<td>13</td>
<td>15</td>
</tr>
<tr>
<td>ALNY</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/15/27</td>
<td>$400.00</td>
<td>$42.4K</td>
<td>39</td>
<td>7</td>
</tr>
</tbody>
</table>
<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• Regarding BMY (NYSE:BMY), we observe a put option trade with bullish sentiment. It expires in 177 day(s) on September 18, 2026. Parties traded 177 contract(s) at a $50.00 strike. The total cost received by the writing party (or parties) was $26.9K, with a price of $152.0 per contract. There were 3756 open contracts at this strike prior to today, and today 2574 contract(s) were bought and sold. 
• For AVTX (NASDAQ:AVTX), we notice a call option trade that happens to be bearish, expiring in 51 day(s) on May 15, 2026. This event was a transfer of 81 contract(s) at a $22.50 strike. The total cost received by the writing party (or parties) was $40.5K, with a price of $500.0 per contract. There were 16 open contracts at this strike prior to today, and today 2500 contract(s) were bought and sold. 
• Regarding LLY (NYSE:LLY), we observe a call option sweep with bullish sentiment. It expires in 8 day(s) on April 2, 2026. Parties traded 251 contract(s) at a $1000.00 strike. This particular call needed to be split into 16 different trades to become filled. The total cost received by the writing party (or parties) was $29.8K, with a price of $111.0 per contract. There were 698 open contracts at this strike prior to today, and today 1149 contract(s) were bought and sold. 
• For SLS (NASDAQ:SLS), we notice a call option sweep that happens to be bullish, expiring in 177 day(s) on September 18, 2026. This event was a transfer of 380 contract(s) at a $9.00 strike. This particular call needed to be split into 29 different trades to become filled. The total cost received by the writing party (or parties) was $46.6K, with a price of $125.0 per contract. There were 425 open contracts at this strike prior to today, and today 383 contract(s) were bought and sold. 
• Regarding MRK (NYSE:MRK), we observe a call option sweep with bullish sentiment. It expires in 8 day(s) on April 2, 2026. Parties traded 64 contract(s) at a $117.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $25.2K, with a price of $395.0 per contract. There were 1940 open contracts at this strike prior to today, and today 249 contract(s) were bought and sold. 
• For NVO (NYSE:NVO), we notice a put option sweep that happens to be bearish, expiring in 296 day(s) on January 15, 2027. This event was a transfer of 50 contract(s) at a $40.00 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 $40.1K, with a price of $803.0 per contract. There were 15565 open contracts at this strike prior to today, and today 160 contract(s) were bought and sold. 
• For CNC (NYSE:CNC), we notice a put option sweep that happens to be bearish, expiring in 296 day(s) on January 15, 2027. This event was a transfer of 69 contract(s) at a $30.00 strike. This particular put needed to be split into 22 different trades to become filled. The total cost received by the writing party (or parties) was $29.3K, with a price of $425.0 per contract. There were 875 open contracts at this strike prior to today, and today 69 contract(s) were bought and sold. 
• Regarding JNJ (NYSE:JNJ), we observe a call option sweep with bearish sentiment. It expires in 23 day(s) on April 17, 2026. Parties traded 50 contract(s) at a $155.00 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 $433.0K, with a price of $8660.0 per contract. There were 0 open contracts at this strike prior to today, and today 50 contract(s) were bought and sold. 
• For TMDX (NASDAQ:TMDX), we notice a call option trade that happens to be bullish, expiring in 667 day(s) on January 21, 2028. This event was a transfer of 10 contract(s) at a $105.00 strike. The total cost received by the writing party (or parties) was $37.8K, with a price of $3780.0 per contract. There were 13 open contracts at this strike prior to today, and today 15 contract(s) were bought and sold. 
• Regarding ALNY (NASDAQ:ALNY), we observe a call option trade with neutral sentiment. It expires in 296 day(s) on January 15, 2027. Parties traded 13 contract(s) at a $400.00 strike. The total cost received by the writing party (or parties) was $42.4K, with a price of $3263.0 per contract. There were 39 open contracts at this strike prior to today, and today 7 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 about unusual options activity. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Today's whale alerts in the Health Care sector highlight significant trading activities. Notable options include BMY with a bullish put trade, AVTX with a bearish call trade, and LLY with a bullish call sweep. Other mentions are SLS, MRK, NVO, CNC, JNJ, and TMDX, showcasing various sentiments and expiration dates. These alerts can guide traders in identifying potential trading opportunities based on abnormal market activities.

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