Data Source: Barchart
On Friday some institution/fund purchased 10,037 contracts of Sept 2022 $37 strike calls (or the right to buy 1,003,700 shares of Las Vegas Sands Corp. (LVS) at $37). The open interest was just 6,310 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.
