Unusual Options Activity on Support.com, Inc. (SPRT)

Today, in the Nasdaq Capital Market (NasdaqCM), we saw unusual or noteworthy options trading volume and activity on Support.com, Inc. (Symbol: SPRT).

During premarket, Support.com was up over 140% at $54 a share.  It closed yesterday at $19.70 and opened this morning at $38.64.  As of this writing, there has been a volatility trading pause issued (code LUDP), started in the first minute of open.  Support.com showed signs of unusual options activity reported here on August 25th, 2021, captured by the Unusual Whales Flow on the 20th.

There were a total of 1,900 contracts traded on the $39 strike call option at the ask, dated for September 17th, 2021, representing approximately 190,000 shares.  There were an additional 500 contracts traded on the same $39 strike call option, also at the ask, as well as for the same date, representing an additional 50,000 shares.

In the charts below, Support.com’s chain breakdowns are visualized by expiration, on the left, and strike, on the right.  On the September 17th, 2021 expiration, there is now approximately $295,295,176 bullish premium traded, in green, compared to the bullish premium, in red, totalling approximately $229,259,304.  On the right chart, it is seen that the most active chain is now the September 17th, 2021 expiration, with its approximate bullish 184,428,580 volume, in green, over the 143,206,740 bearish volume, in red.  Therefore, according to this unusual activity and the Unusual Whales flow, bullish positions are still ahead.

Unusual Options Activity on the iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD)

Today among the underlying components of NYSEArca, we saw unusual and noteworthy options trading volume on the iShares iBoxx $ Investment Grade Corporate Bond ETF (Symbol: LQD).

There were 27,500 contracts traded on the $131 strike put option, dated for November 19th, 2021, at the ask.  There were another set of 27,500 contracts on the $128 strike put option, for the same date, also at the ask.  Together, these positions amount to representing approximately 5,140,000 shares.  These orders come in just after reports that Hydrogen could bring back hope for the ETFs.

Per the chart below, representing LQD’s daily price since June 24th, 2021,, in blue, and call and put volume represented in green and red, respectively.  Seen today, put volume has trended up to 67,924, above the relative mean.  Open interest, seen in yellow, had declined yesterday, the 25th, to 687,958 from its high on the 20th of 974,403 open contracts.  

Unusual Options Activity on Alcoa Corporation (AA)

Today, among the underlying components of the NYSE, we saw unusual or noteworthy options trading volume and activity on Alcoa Corporation (Symbol: AA).

There were 3,000 contracts traded on the $46 strike call option, dated for September 17th, 2021, at the ask, representing approximately 300,000 shares.  These orders come in just after reports that Alcoa Corporation delivered a record quarter, and the demand for aluminum and its production to only continue to increase.

Per the chart below, representing Alcoa Corporation’s daily price since June 24th, 2021, in blue, and call and put volume represented in green and red, respectively.  Seen today, call volume has trended up to 20,153, overtaking put volume at 2,495.  Open interest, seen in yellow, has reached a relative mean after coming down from its high at 429,413 open contracts on August 20th, 2021.