By: Steve Smith
I’ve written about how I’m not huge on trading off of unusual option activity, as it can be difficult to decipher exactly what might account for the higher volume, such as whether the trade was initiated as a buy or sale? Was it hedging an existing position? Or if it was simply closing out a current open position?
But, sometimes it’s pretty clear that someone is making a big directional bet, especially if the trade occurs in a less known name that doesn’t typically see much option activity on a day-to-day basis.
Such was the case on… Continue reading on StockNews.com