EST Oct 26th Afternoon Delivery - In the last 2 hours of trading, 10 options with a high V/OI ratio were detected. With the market volatile, it's crucial to stay informed on the latest options trends.
Of the 10 high V/OI ratio options detected, a trade on $iShares MSCI China ETF (MCHI.US)$ put contracts stood out with a volume of 25,000, far exceeding its open interest of 5 with a V/OI ratio of 5000.0. The strike price of this contract is $39.000 and the expiration date is December 15th, 2023, 50 days later.
Another option worth noting is a trade on $SPDR S&P Metals & Mining ETF (XME.US)$ put contracts with a volume of 10,000, far exceeding its open interest of 32 with a V/OI ratio of 312.5. The strike price of this contract is $42.000 and the expiration date is January 17th, 2025, 449 days later.
There is also a notable transaction on $ProShares UltraPro Short QQQ ETF (SQQQ.US)$ put contracts with a volume of 2,000, far exceeding its open interest of 20 with a V/OI ratio of 100.0. The strike price of this contract is $23.000 and the expiration date is November 10th, 2023, 15 days later.
See below for more unusual options activities.
Notes:
Unusual options activity is identified as a single option trade with a volume-to-open-interest ratio (V/OI) equal to or above 10, meaning that the volume of the trade is much higher than the existing positions. High V/OI often implies that a trader is opening a new position with an unusual amount. Options activity is screened according to the following criteria:
Options trade with V/OI≥10
The underlying asset of selected options includes index, ETF and stock, and stock market-cap≥$5 billion.
If there are more than 3 trades with V/OI≥10 executed in the corresponding time period, an article will be generated at 11:30, 13:30 and 16:30 ET each trading day.
Options trading entails significant risk and is not appropriate for all customers. It is important that investors read Characteristics and Risks of Standardized Options before engaging in any options trading strategies. Options transactions are often complex and may involve the potential of losing the entire investment in a relatively short period of time. Certain complex options strategies carry additional risk, including the potential for losses that may exceed the original investment amount. Supporting documentation for any claims, if applicable, will be furnished upon request.
The past performance of a security or financial product does not guarantee future results or returns. Customers should consider their investment objectives and risks carefully before investing in options. Because of the importance of tax considerations to all options transactions, the customer considering options should consult their tax advisor as to how taxes affect the outcome of each options strategy.
