On Friday, shares of GrowGeneration (NASDAQ:GRWG) saw unusual options activity. After the option alert, the stock price moved down to $45.27.
- Sentiment: BULLISH
- Option Type: SWEEP
- Trade Type: CALL
- Expiration Date: 2021-08-20
- Strike Price: $55.00
- Volume: 530
- Open Interest: 2146
Three Signs 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. 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 future. …