WELL options flow: unusual options activity in Welltower Inc.
Updated 28 September 2026, 09:54 ET
Over the last week the tape recorded 45 unusual options prints in Welltower Inc. (WELL), $4.3M of tracked premium, leaning bullish. Bullish premium was $2.3M against $1.8M bearish; $2.2M went into calls and $2.1M into puts, a put call ratio of 0.94. The largest print was $416K of WELL 21 May 2027 $190 calls on 21 September 2026, swept at bid. The last session with prints, 28 September 2026, added 1 print and $87K of premium. WELL closed at $231.37 on 25 September 2026, down 1.0%.
This week's unusual flow
Prints from 21 September 2026 to 28 September 2026, 5 sessions. Delayed tier: every print is shown twenty minutes after it executed, and the page is rebuilt after each session.
Net premium is bullish minus bearish premium. The put call ratio is put premium divided by call premium, weighted by money rather than by contract count. Sweeps is the share of prints executed across several exchanges at once. Read the guide: Reading the Pulse.
Largest prints of the week
| Date | Contract | Type | Size | Open int. | Premium | Execution | Sentiment | Tier |
|---|---|---|---|---|---|---|---|---|
| 21 Sep 2026 | WELL 21 May 2027 $190 calls | Sweep | 81 | 0 | $416K | At bid | Bearish | High conviction |
| 21 Sep 2026 | WELL 21 May 2027 $190 calls | Sweep | 73 | 0 | $374K | Above ask | Bullish | Whale |
| 21 Sep 2026 | WELL 19 Mar 2027 $190 puts | Sweep | 773 | 2 | $309K | At ask | Bearish | High conviction |
| 21 Sep 2026 | WELL 21 May 2027 $190 calls | Sweep | 59 | 0 | $303K | At bid | Bearish | High conviction |
| 21 Sep 2026 | WELL 21 May 2027 $190 calls | Sweep | 51 | 0 | $262K | At ask | Bullish | High conviction |
| 21 Sep 2026 | WELL 20 Nov 2026 $230 puts | Sweep | 220 | 11 | $185K | At ask | Bearish | High conviction |
| 21 Sep 2026 | WELL 21 May 2027 $185 puts | Sweep | 252 | 1 | $118K | At ask | Bearish | High conviction |
| 21 Sep 2026 | WELL 21 May 2027 $190 calls | Trade | 19 | 0 | $96K | At ask | Bullish | Notable |
| 23 Sep 2026 | WELL 21 May 2027 $220 puts | Trade | 75 | 1,963 | $92K | At bid | Bullish | |
| 23 Sep 2026 | WELL 21 May 2027 $220 puts | Trade | 73 | 1,963 | $90K | At bid | Bullish | |
| 21 Sep 2026 | WELL 19 Mar 2027 $190 puts | Sweep | 243 | 2 | $87K | At ask | Bearish | High conviction |
| 28 Sep 2026 | WELL 21 May 2027 $220 puts | Trade | 74 | 2,438 | $87K | At ask | Neutral |
Size above open interest means the trade opened a position larger than everything that existed in the contract the night before. Above ask and below bid are the most aggressive executions. Read the guide: Size versus open interest.
Where the money is aimed
| Expiry | Prints | Premium | Calls share | Net premium |
|---|---|---|---|---|
| 21 May 2027 | 31 | $3.1M | 61% | +$846K |
| 19 Mar 2027 | 4 | $480K | 0% | -$480K |
| 16 Oct 2026 | 4 | $219K | 32% | +$78K |
| 20 Nov 2026 | 2 | $217K | 0% | -$153K |
| 20 Aug 2027 | 2 | $117K | 100% | +$117K |
| 18 Dec 2026 | 1 | $58K | 100% | +$58K |
The most premium, $3.1M, is aimed at the 21 May 2027 expiry; the nearest expiry with unusual prints is 16 Oct 2026.
A print in a contract expiring this week is a view about the next few days, often about a known event; a print months out is a different kind of statement. Read the guide: 0DTE options flow.
The last session, 28 September 2026
| Date | Contract | Type | Size | Open int. | Premium | Execution | Sentiment | Tier |
|---|---|---|---|---|---|---|---|---|
| 28 Sep 2026 | WELL 21 May 2027 $220 puts | Trade | 74 | 2,438 | $87K | At ask | Neutral |
Every print in WELL with its full detail, the live tape, one tap filters and saved screeners: open WELL in Options Sentiment Screener.
Price
The live quote and the price chart sit beside the ticker's flow in the app: open WELL in Options Sentiment Screener.
Analysts
The most recent analyst targets on file, from 15 firms, have a median of $260, 12.4% above the last close. The last 90 days brought 1 upgrade.
Calls bought at a strike above the average target are a bet that the analysts are too cautious; puts far below the price in a name they like are protection or a strong disagreement. Read the guide: Reading one ticker's flow.
About Welltower Inc.
- Exchange
- NYSE
- Sector
- Real Estate
- Industry
- Trading
- Headquarters
- Toledo, Ohio
- Website
- welltower.com
Welltower Inc. (NYSE:WELL) is an S&P 500 company headquartered in Toledo, Ohio. The Company invests with leading seniors housing operators, post-acute providers and health systems to fund the real estate infrastructure needed to scale innovative care delivery models and improve people's wellness and overall health care experience.
In the same sector
Flow pages for other Real Estate names in the S&P 500:
PLD Prologis, Inc.EQIX Equinix Inc.AMT American Tower Corp.SPG Simon Property Group Inc.DLR Digital Realty Trust, Inc.PSA Public StorageO Realty Income Corp.VMRK Equity Residential
Learn
- What unusual options activity means
- Reading one ticker's flow
- Sweeps, blocks and where a trade printed
- Size versus open interest
- Bullish or bearish, how a print's sentiment is inferred
- The conviction score and whale prints
The live tape for WELL with every print's execution detail, one tap filters for calls, puts, sweeps and 0DTE, saved screeners and, for Realtime subscribers, push alerts and no delay. The same screen is in the iOS and Android apps.
Open WELL in Options Sentiment Screener