Unusual Call Sweep Activity in Various Stocks

The stock market can be unpredictable, and sometimes unusual trades can provide valuable insights into investor sentiment. In this article, we will explore some recent call sweep activity that has caught our attention.

First, let's take a look at IONS (NASDAQ: IONS). On February 12, 2021, we observed a bullish call option trade with 3603 open contracts prior to today and an additional 1949 contract(s) bought and sold. The trader or institution spent $145.1K on this trade with a price of $477.0 per contract. This particular call needed to be split into 10 different trades to become filled. A trader bought 304 contract(s) at a $40.00 strike, 3603 open contracts prior to today.

Next, we have CGC (NASDAQ: CGC), where a neutral call option sweep was observed expiring in 17 day(s) on February 19, 2021. There were 3650 open contracts at this strike prior to today, and today 2609 contract(s) were bought and sold. The trader or institution spent $54.4K on this trade with a price of $150.0 per contract. This particular call needed to be split into 43 different trades to become filled.

In the pharmaceutical sector, BMY (NYSE: BMY) showed bullish sentiment with a call option sweep. There were 5443 open contracts at this strike prior to today, and today 3280 contract(s) were bought and sold. The trader or institution spent $26.2K on this trade with a price of $105.0 per contract.

On the other hand, ABBV (NYSE: ABBV) observed bearish sentiment with a call option trade. There were 2561 open contracts at this strike prior to today, and today 23787 contract(s) were bought and sold. The trader or institution spent $48.7K on this trade with a price of $62.0 per contract.

ACB (NYSE: ACB), another stock that showed unusual activity, had a bearish call option sweep. There were 101833 open contracts at this strike prior to today, and today 67494 contract(s) were bought and sold. The trader or institution spent $31.7K on this trade with a price of $15.0 per contract.

Lastly, we have SNDL (NASDAQ: SNDL), which observed bullish sentiment with a call option sweep. These itemized elaborations have been created using the accompanying table.

In conclusion, these unusual call sweeps provide valuable insights into investor sentiment and can be used as a tool for traders to make informed decisions. As always, it's essential to do your own research and consider multiple factors before making any investment decisions.

Unusual call sweep