Unusual Options Activity: GOOG, SNPS and Others Attract Market Bets, GOOG V/OI Ratio Reaches 238.1
EST Feb 26th Closing Delivery - In the last three 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 $Alphabet-C (GOOG.US)$ put contracts stood out with a volume of 10,000, far exceeding its open interest of 42 with a V/OI ratio of 238.1. The premium, or cost, of the trade was $37.95 million. The strike price of this contract is $345.000 and the expiration date is February 27th, 2026, 1 days later.
Another option trade worth noting is a trade on $Synopsys (SNPS.US)$ put contracts with a volume of 2,000, far exceeding its open interest of 13 with a V/OI ratio of 153.85. The premium, or cost, of the trade was $17.01 million. The strike price of this contract is $510.000 and the expiration date is February 27th, 2026, 1 days later.
There is also a notable transaction on $Lumen Technologies (LUMN.US)$ put contracts with a volume of 10,823, far exceeding its open interest of 74 with a V/OI ratio of 146.26. The premium, or cost, of the trade was $389.63K. The strike price of this contract is $6.500 and the expiration date is March 27th, 2026, 29 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.
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.
You may also like
German Imports Stay in Deflation as ECB Waits for Clarity
XRP price prediction as Ripple announces funding push for XRP Ledger

IBC Advanced Alloys: Second Quarter Financial Results Overview

