Data Source: Barchart
On Thursday some institution/fund purchased 8,000 contracts of June 2024 $45 strike calls (or the right to buy 800,000 shares of Cisco Systems, Inc. (CSCO) at $45). The open interest was just 199 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.
