Data Source: Barchart
On Wednesday some institution/fund purchased 1,090 contracts of Jan. 2025 $12 strike calls (or the right to buy 109,000 shares of Seritage Growth Properties (SRG) at $12). The open interest was just 115 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.
