Data Source: Barchart
On Tuesday some institution/fund purchased 2,699 contracts of Jan 2023 $150 strike calls (or the right to buy 269,900 shares of The Boeing Company (BA) at $150). The open interest was just 2,138 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.
