Understanding 22nd Century Group's Unusual Options Activity

Understanding 22nd Century Group's Unusual Options Activity
22nd Century Group (AMEX:XXII) shares experienced unusual options activity on Wednesday. The stock price moved up to $3.65 following the option alert.

Understanding 22nd Century Group's Unusual Options Activity

22nd Century Group (AMEX:XXII) shares experienced unusual options activity on Wednesday. The stock price moved up to $3.65 following the option alert.

  • Sentiment: BEARISH
  • Option Type: SWEEP
  • Trade Type: CALL
  • Expiration Date: -07-16
  • Strike Price: $3.00
  • Volume: 3356
  • Open Interest: 6807

Three Indications Of Unusual Options Activity

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 …

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