October is here and stocks remain unstable. Even more unstable were some of the options activity and trades today. I covered a few of them in the forums here are optionmillionaires.com.
Unusual trades, unusual volume, and unusual open interest can be good indicators of where a stock is headed.
The unusual option activity forum is here:
I have option volumes stickied and try to keep it updated on a daily basis.
We had $LEAP wireless options trade with unusual call activity earlier this year which made someone millions of dollars from only thousands.
$LNCO $LINE options saw unusual option activity this year which i was the first to cover:
$MSFT had some rather unusual option activity that turned out to be highly profitable for at least one trader.
Which is why we try and expose unusual option trades when we spot them.