Insider Buying on E2open Parent Holdings, Inc. (ETWO) Prompts Massive Unusual Options Activity

October 21, 2021

10:30ET

Insider Buying on E2open Parent Holdings, Inc. (ETWO) on Monday triggered large amounts of unusual options activity captured by the Unusual Whales Flow tool, yesterday.

Yesterday, amid the millions of options transactions trading on the markets, E2open Parent (ETWO), a business-to-business provider of cloud and on-demand software for telecom, electronics systems, and computers, saw especially unusual options activity.

Historically, ETWO has not experienced much options activity at all. For example, in late September, ETWO maintained an average of well below 100 call contracts transacted daily.

In October, these volume levels held true. That is, until yesterday (October 20, 2021). An insider buying report posted on Nasdaq yesterday, Chief Financial Officer Jarett Janik bought 2,000 shares of ETWO for $10.96 per share on Monday October 18th, worth a total of $21,920. Following this purchase, the stock price soared above $12.

The Unusual Whales Flow tool caught an influx of call option contract transactions. Compared to the low volume of options trading in previous weeks, the flow was absolutely massive, reaching 8,807 total calls traded. The flow also seems to continue today, as the total calls traded nears 1,000 in volume just 1 hour into the trading session.

This a textbook example of unusual options activity, as the volume dwarfs the average volume of options traded. The flow picked up by Unusual Whales also reflected a heavy bullish sentiment. Options traders focused on expiration dates more than a year in the future, called LEAPs (long-term equity anticipation securities).


Pictured below, the $12.5 call strike for April 14, 2022 alone accounted for 2,500 of those 8,807 contracts traded yesterday. This demonstrates a heavy expectation for the stock to be valued above $12.50 by or before April of 2022. The $15 call for December 17, 2021 also accounted for 2,000 contracts (1,000 sold, 1,000 bought), and the $12.5 call for the same date totaled an additional 1,100+.

At the time of the insider trade by ETWO CFO Jarett Janik, ETWO traded at $10.96 per share. One hour into today's trading session, ETWO is trading around $12.20 per share.

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Any content on this site or related pages are not intended to provide legal, tax, investment or insurance advice. Unusual Whales Inc. is not registered as a securities broker-dealer or an investment adviser with the U.S. Securities and Exchange Commission, the Financial Industry Regulatory Authority (“FINRA”) or any state securities regulatory authority. Nothing on Unusual Whales should be construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any security by Unusual Whales or any third party. Certain investment planning tools available on Unusual Whales may provide general investment education based on your input. You are solely responsible for determining whether any investment, investment strategy, security or related transaction is appropriate for you based on your personal investment objectives, financial circumstances and risk tolerance. You should consult your legal or tax professional regarding your specific situation. See terms for more information.