On Thursday, shares of Academy Sports (NASDAQ:ASO) saw unusual options activity. After the option alert, the stock price moved down to $29.08.
- Sentiment: BEARISH
- Option Type: SWEEP
- Trade Type: CALL
- Expiration Date: 2021-05-21
- Strike Price: $40.00
- Volume: 1558
- Open Interest: 1952
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.
The trading of a contract with an expiration date in the distant future is another sign of ...