Unusual Options Activity in Barclays PLC (BCS)
Today, March 22, 2022, in the NYSE, there was unusual or noteworthy options trading activity in Barclays PLC (BCS), which opened at $9.22.
Today, March 22, 2022, in the NYSE, there was unusual or noteworthy options trading activity in Barclays PLC (BCS), which opened at $9.22.
Additionally, these orders come after Trefis asked: “Barclays Stock Surpassed The Consensus In Q4, Is It A Buy?”
A tip from the flow: The ⚠️emoji means the size of the order was greater than the open interest on the chain itself.
Furthermore, these orders were also spotted on the NEW Unusual Whales hottest chains tool. As seen, the contracts had an acceleration factor of 1, implying there was a rapid increase in trading activity over open interest on this chain.
As stated, these orders were marked as a “sweep”. An options sweep (or sweep-to-fill) occurs when a broker splits an order into many parts in order to get the best possible pricings currently offered on the market.
Seen above is the aforementioned chain’s historical volume, in red, and open interest, in blue, as bar charts behind the requisite bid and ask, in a light blue and darker shade, respectively.
The volume on this chain has now increased in excess over the open interest, so these contracts must have been bought or sold to open, not to close.
In the NasdaqGS, there was unusual or noteworthy options trading activity in Flex Ltd. (FLEX), which opened today at $17.42.
A tip from the flow: Trades appended with the ↕ and 🔃 emojis are trades that have potentially came in together as a part of a strategy, and are coded accordingly (such as MLET or TLCT) under the codes column. Clicking on these emojis will open all of the trades that came in together so that the holistic strategy may be investigated.
Of interest, these orders were marked as “floor”. Floor traders work on the floor of an exchange. When a floor trader executes a trade, exclusively for their own account, it must be reported on an exchange by the "floor" tag.
21.9% of the premium traded at these premium levels are in bullish bets, with 100% as ask-side orders, and 21.9% are in call premiums. Therefore, it can be seen that the majority of trades are in bearish bets.
Finally in the NasdaqCM, there was unusual or noteworthy options trading activity in Mullen Automotive, Inc. (MULN), which opened today at $2.99.
Imgur: https://i.vgy.me/IG4CUN.png
Seen above are the noteworthy options in Mullen from the NEW Unusual Whale flow alerts tool.
A tip from the flow: When viewing alerts in the Unusual Whales flow alerts page, you can click “Link to flow” to view chain’s activity in the overall options order flow, as seen here:
As seen, the open interest on this chain is 0, which indicates this completely novel volume, which can be one of the many indications into what makes unusual options activity.
For more information on unusual options activity, subscribe to the Unusual Blog or visit unusualwhales.com.
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