I follow stocks and often watch the option activity online
A few weeks ago, I was watching LRCX when it dropped from $870 to $820. After the drop, I noticed that end of day there was a large number of put options bought that then brought LRCX down to $800 and even further to $715 range the following weeks
I noticed today that someone bought a large number of call options at last 15 min of close for NXST. I am going to watch as they have dropped in price the past week with rest of market somewhat rebounding.
When large option positions are bought, it tends to drive the price up for the short period. However, both the above mentioned stocks have low volume. Does that implicate that they are being used as leverage for potential market price swings in a broader market?
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