Unusual Options Activity in Paramount Global (PARA)
Today, March 14, 2022, in the NasdaqGS, there was unusual or noteworthy options trading activity in Paramount Global (PARA), which opened at $33.02.
Today, March 14, 2022, in the NasdaqGS, there was unusual or noteworthy options trading activity in Paramount Global (PARA), which opened at $33.02.
As seen, the contracts had an acceleration factor of 0.94, implying there was a rapid increase in trading activity over open interest on this chain. Furthermore, the red bar in the “OHLC” column is lower than the green, implying the low price was a valid entry and has sold higher than its current price, open contract price, and closing price.
A tip from the flow: The ⚠️emoji means the size of the order was greater than the open interest on the chain itself.
The open interest on this chain today was 412 contracts and the volume thus far has been approximately 4.3K; therefore, these contracts may be intuited as having been to open.
In the NYSE, there was unusual or noteworthy options trading activity in General Motors Company (GM), which opened today at $41.74.
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:
A tip from the flow: When viewing alerts in the Unusual Whales flow, you can click the order’s option contract expiration to open another panel which has three additional charts and a table to take a deeper dive into the company’s overall intraday options volumes, the chain’s bid-ask pressures, and historical volumes and open interests.
As seen, the orders this morning almost all came through in a solitary 10-minute block and were exclusively at the ask.
There is no way to discern whether these contracts were opened or closed, however, as the open interest on this chain was 18,434 and the volume is 2,204; given the bid-ask spread on this chain also climbed from $0.22 to $0.25 from Friday’s close to $0.81 to $0.87 today, it might be assumed these contracts are being closed, as these are the greatest profits on this chain since March 3rd, 2022.
Finally in the NYSE, there was unusual or noteworthy options trading activity in Arch Resources, Inc. (ARCH), which opened today at $149.38.
There were a series of orders at 200 contract sizing on a variety of contracts all upon the August 19th, 2022 expirations:
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.
As these contracts are traded so far out of the money, there could be speculation that these contracts are traded as a call debit spread, but as the bid-ask spreads are wide and the spot prices were relatively at the mid, it is difficult to make this distinction absolutely.
As of this writing, Arch Resources has had 3,533 calls traded, which is 353% greater than its 30-day call average.
Furthermore, Arch Resources’ total open interest has climbed to 34,156 from 14,115 from February 24th, 2022 (made apparent with the highest blue line on the chart above); this implies there are still higher than average holdings in options contracts in Arch Resources.
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