Understanding GrowGeneration's Unusual Options Activity

On Tuesday, shares of GrowGeneration (NASDAQ:GRWG) saw unusual options activity. After the option alert, the stock price moved up to $46.95.

  • Sentiment: NEUTRAL
  • Option Type: SWEEP
  • Trade Type: CALL
  • Expiration Date: 2021-07-16
  • Strike Price: $47.00
  • Volume: 542
  • Open Interest: 491

Three Ways Options Activity Is ‘Unusual'

Exceptionally large volume (compared to historical averages) is one reason for which options market activity can be considered unusual. 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.

Another sign of unusual activity is the trading of a contract with an expiration date in …

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