Unusual Options Activity: SPOT, VRT and Others Attract Market Bets, SPOT V/OI Ratio Reaches 230.8
EST Jun 16th Morning Delivery - In the last two 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 options trades detected with a high V/OI ratio, a trade on $Spotify Technology (SPOT.US)$ put contracts stood out with a volume of 3,000, far exceeding its open interest of 13 with a V/OI ratio of 230.77. The premium, or cost, of the trade was $1.01 million. The strike price of this contract is $370.000 and the expiration date is July 31st, 2026, 45 days later.
Another option trade worth noting is a trade on $Vertiv Holdings (VRT.US)$ put contracts with a volume of 4,630, far exceeding its open interest of 21 with a V/OI ratio of 220.48. The premium, or cost, of the trade was $777.84K. The strike price of this contract is $220.000 and the expiration date is July 24th, 2026, 38 days later.
There is also a notable transaction on $Netflix (NFLX.US)$ put contracts with a volume of 16,375, far exceeding its open interest of 87 with a V/OI ratio of 188.22. The premium, or cost, of the trade was $851.5K. The strike price of this contract is $65.000 and the expiration date is July 31st, 2026, 45 days later.
See below for more unusual options activities.
Notes:
Unusual options activity identifies a single option trade with a volume-to-open-interest ratio (V/OI) equal to or above 10, which means 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 activities are filtered based on the following criteria:
Options trade with V/OI≥10, while OI of the contract must be ≥10.
Options trade with premium≥$50,000.
The underlying asset of selected options must be individual stock with a market cap≥$5 billion.
If there are at least 3 or more trades that meet all the criteria 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.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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Exchange-Traded Funds, Equity Futures Higher Pre-Bell Tuesday Amid Lower Oil Prices
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