Data Source: Barchart
On Friday some institution/fund purchased 10,778 contracts of Sept 2022 $50 strike calls (or the right to buy 1,077,800 shares of Intel Corporation (INTC) at $50). The open interest was just 5,868 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.
