Analyzing Canopy Growth's Unusual Options Activity

Canopy Gwth (NASDAQ:CGC) shares experienced unusual options activity on Thursday. The stock price moved down to $20.18 following the option alert.

  • Sentiment: BEARISH
  • Option Type: TRADE
  • Trade Type: CALL
  • Expiration Date: 2022-01-21
  • Strike Price: $30.00
  • Volume: 0
  • Open Interest: 6703

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 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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