Monitoring unusual options activity can be one of the most beneficial tools in the toolbox for options traders. Large amounts of options being traded on a particular stock may provide some valuable insight into what the “smart money” is doing.
Checking unusual options activity on a regular basis can draw attention to stocks that would have otherwise been overlooked and can prompt traders to analyze why options volume has spiked for a certain equity.
Traders can see a lot of detailed information when looking up unusual options activity such as the date to expiration, strike prices for the contracts being traded and the volume of options being traded.
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