HEXO Corp. Unusual Options Activity Insight: Bullish Sweep Calls

On Tuesday, shares of HEXO (NYSE:HEXO) saw unusual options activity. After the option alert, the stock price moved down to $5.36.

  • Sentiment: BULLISH
  • Option Type: SWEEP
  • Trade Type: CALL
  • Expiration Date: 2022-01-21
  • Strike Price: $4.00
  • Volume: 253
  • Open Interest: 2584

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 contracts that have been traded, but not yet closed by either counterparty, is called open interest. A contract cannot be considered closed until there exists both a buyer and seller for it.

Another indicator of unusual options activity is the trading of a contract with an expiration date in the distant …

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