Analyzing Canopy Growth's Unusual Options Activity

Analyzing Canopy Gwth's Unusual Options Activity
On Tuesday, shares of Canopy Gwth (NASDAQ: CGC) saw unusual options activity. After the option alert, the stock price moved up to $22.59.

Sentiment: BULLISH
Option Type:

Analyzing Canopy Gwth's Unusual Options Activity

On Tuesday, shares of Canopy Gwth (NASDAQ:CGC) saw unusual options activity. After the option alert, the stock price moved up to $22.59.

  • Sentiment: BULLISH
  • Option Type: TRADE
  • Trade Type: CALL
  • Expiration Date: -07-16
  • Strike Price: $23.00
  • Volume: 3761
  • Open Interest: 1325

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 …

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