MU) shares experienced unusual options activity on Friday. The stock price moved up to $45.1 following the option alert.” data-reactid=”12″Micron Technology (NASDAQ: MU) shares experienced unusual options activity on Friday. The stock price moved up to $45.1 following the option alert.
- Sentiment: BULLISH
- Option Type: SWEEP
- Trade Type: CALL
- Expiration Date: 2020-09-18
- Strike Price: $49.00
- Volume: 711
- Open Interest: 477
3 Ways Options Activity is ‘Unusual’
One way options activity can be considered unusual is when volume is exceptionally high. The volume of options activity refers to the number of shares contracts traded for a day. Contracts that have been traded, but not closed by a counter-party, are called open interest. A purchased contract cannot be considered closed until there exists both a buyer and seller for the option.
Another gauge of unusual options activity is a contract with an expiration date in the