Analyzing Aurora Cannabis's Unusual Options Activity

Shares of Aurora (NYSE:ACB) saw some unusual options activity on Friday. Following the unusual option alert, the stock price moved up to $14.48.

  • Sentiment: BULLISH
  • Option Type: SWEEP
  • Trade Type: CALL
  • Expiration Date: -03-19
  • Strike Price: $15.00
  • Volume: 329
  • Open Interest: 10167

Three Indications Of Unusual Options Activity

Extraordinarily large volume (compared to historical averages) is one indication of unusual options market activity. Volume refers to the total number of contracts traded over a given time period when discussing options market activity. Open interest is the number of unsettled contracts that have been traded but not yet closed by either counterparty. In other words, open interest represents the quantity of contracts that individual parties have written but not yet found a counterparty for (i.e. a buyer finding a seller, or a seller finding a buyer).

Another sign of unusual activity is …

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