Data Source: Barchart
On Friday some institution/fund purchased 6,073 contracts of Dec. 2023 $160.00 strike calls (or the right to buy 607,300 shares of Alibaba Group Holding Limited (BABA) at $160.00). The open interest was just 4,025 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.
