Data Source: Barchart
On Tuesday some institution/fund purchased 10,132 contracts of Sept 2022 $130 strike calls (or the right to buy 1,013,200 shares of NIKE, Inc. (NKE) at $130). The open interest was just 622 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.
