Analyzing New Oriental Education''s Unusual Options Activity
Shares of New Oriental Education (NYSE: EDU ) saw some unusual options activity on Wednesday. Following the unusual option alert, the stock price moved down to $8.12. Sentiment: BEARISH Option Type: SWEEP Trade Type: CALL Expiration Date: 2021-07-16 Strike Price: $10.50 Volume: 6690 Open Interest: 45318 Three Ways Options Activity Is Unusual'' One way options market activity can be considered unusual is when volume is exceptionally higher than its historical average. The volume of options activity refers to the number of contracts traded over a given time period. The number of unsettled contracts that have been traded, but not yet closed, is called open interest. These contracts are not yet closed because a buyer has not purchased the contract, or a seller has not sold it. Another sign of unusual activity is the trading of a contract with an expiration date Full story available on Benzinga.com
Analyzing New Oriental Education''s Unusual Options Activity
Shares of New Oriental Education (NYSE: EDU ) saw some unusual options activity on Wednesday. Following the unusual option alert, the stock price moved down to $8.12. Sentiment: BEARISH Option Type: SWEEP Trade Type: CALL Expiration Date: 2021-07-16 Strike Price: $10.50 Volume: 6690 Open Interest: 45318 Three Ways Options Activity Is Unusual'' One way options market activity can be considered unusual is when volume is exceptionally higher than its historical average. The volume of options activity refers to the number of contracts traded over a given time period. The number of unsettled contracts that have been traded, but not yet closed, is called open interest. These contracts are not yet closed because a buyer has not purchased the contract, or a seller has not sold it. Another sign of unusual activity is the trading of a contract with an expiration date Full story available on Benzinga.com