Data Source: Barchart
On Wednesday some institution/fund purchased 26,027 contracts of Jan. 2024 $4 strike calls (or the right to buy 2,602,700 shares of Banco Bradesco S.A. (BBD) at $4). The open interest was just 1,107 prior to this purchase.
Monitoring unusual options activity can be a useful tool. Large amounts of options being traded on a particular stock may provide some valuable insight into what the “smart money” is doing.
