Unusual Options Activity Insight: Aurora Cannabis

Aurora (NASDAQ:ACB) shares experienced unusual options activity on Wednesday. The stock price moved down to $7.91 following the option alert.

  • Sentiment: BULLISH
  • Option Type: SWEEP
  • Trade Type: CALL
  • Expiration Date: 2021-08-20
  • Strike Price: $8.00
  • Volume: 448
  • Open Interest: 408

Three Signs 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 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.

The trading of a contract with an expiration date in the distant future is another sign of unusual …

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