Unusual Options Activity: IBN, BE and Others Attract Market Bets, IBN V/OI Ratio Reaches 312.5
EST Jul 20th Afternoon Delivery - In the last two hours of trading, 10 options with a high V/OI ratio were detected. With the market volatile, it's crucial to stay informed on the latest options trends.
Of the 10 options trades detected with a high V/OI ratio, a trade on $ICICI Bank (IBN.US)$ call contracts stood out with a volume of 5,000, far exceeding its open interest of 16 with a V/OI ratio of 312.5. The premium, or cost, of the trade was $60,000. The strike price of this contract is $33.000 and the expiration date is September 18th, 2026, 60 days later.
Another option trade worth noting is a trade on $Bloom Energy (BE.US)$ call contracts with a volume of 1,500, far exceeding its open interest of 12 with a V/OI ratio of 125.0. The premium, or cost, of the trade was $2.07 million. The strike price of this contract is $197.500 and the expiration date is July 24th, 2026, 4 days later.
There is also a notable transaction on $Johnson & Johnson (JNJ.US)$ call contracts with a volume of 2,124, far exceeding its open interest of 21 with a V/OI ratio of 101.14. The premium, or cost, of the trade was $159.3K. The strike price of this contract is $267.500 and the expiration date is July 31st, 2026, 11 days later.
See below for more unusual options activities.
Notes:
Unusual options activity identifies a single option trade with a volume-to-open-interest ratio (V/OI) equal to or above 10, which means the volume of the trade is much higher than the existing positions. High V/OI often implies that a trader is opening a new position with an unusual amount. Options activities are filtered based on the following criteria:
Options trade with V/OI≥10, while OI of the contract must be ≥10.
Options trade with premium≥$50,000.
The underlying asset of selected options must be individual stock with a market cap≥$5 billion.
If there are at least 3 or more trades that meet all the criteria in the corresponding time period, an article will be generated at 11:30, 13:30, and 16:30 ET each trading day.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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