Unusual Options Activity detected in $TSLA & $BA
Bullish Unusual Options Activity detected in $TSLA 3 hours into Monday's trading session.
VOL > OI in the weekly $900 calls is particularly intriguing, with volume well over 10x the Open interest on the contract.
OTM contract Strikes indicate short term volatility sentiment.
Expiration in most of the $TSLA Unusual Options Activity suggests institutional belief that the $900 strike will be tested within the next week, as almost all significant unusual options activity has been detected in 5/6 calls.
The 5/6 $900 calls have by far the most volume on the trading session. This appears to have been a day trade opportunity on $TSLA's reclaim of the 20 day SMA.
The put/call ratio of 0.73 does indicate buyer's have the upper hand, but there is below average volume across the board by $TSLA's standards. Look for another cluster of Unusual Options Activity to confirm there is volume capable of pushing $TSLA. Keep a close eye on any unusual options activity, particularly in weekly $900 calls, on a re-test of the HOD ($896)
Bearish Unusual Options Activity detected in $BA 3 hours into Monday's trading session.
VOL > OI in the weekly $145 puts is particularly intriguing, with volume over 12x the Open interest on the contract.
OTM contract Strikes indicate short term volatility sentiment.
Expiration in most of the $BA Unusual Options Activity suggests institutional belief that the critical support level of $145.5 could be broken soon, allowing $BA to see new 52 week lows and the weekly $145 puts to see a premium spike by going ITM.
The 5/6 $145 puts have by far the most volume on the trading session. This appears to be a short term trade opportunity on the price level $BA has defended 4 times over the past week of trading.
The put/call ratio of 3.93 indicates that if there is going to be any opportunity in $BA, it will almost certainly be to the downside. If $BA fails to make any significant downside movement, that does not mean the upside is an attractive opportunity, but rather that there is lack of any opportunity in the stock.
Download TitanFlow and start a free 7 day trial to access real time mobile Options Flow & Darkpool Data
