Unusual Options Activity Insight: Roku
Roku (NASDAQ: ROKU) shares experienced unusual options activity on Thursday. The stock price moved down to $231.99 following the option alert.
- Sentiment: BULLISH
- Option Type: SWEEP
- Trade Type: CALL
- Expiration Date: 2020-11-20
- Strike Price: $250.00
- Volume: 2932
- Open Interest: 4926
Three Ways Options Activity Is ‘Unusual’
One way options market activity can be considered unusual is when volume is exceptionally higher than its historical average. The volume of options activity refers to the number of contracts traded over a given time period. The number of unsettled contracts that have been traded, but not yet closed, is called open interest. These contracts are not yet closed because a buyer has not purchased the contract, or a seller has not sold it.
Another indicator of unusual options activity is the trading of a contract with an expiration date in the …