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Message: Unusually active option classes on open March 22nd

Unusual total active option classes on open include: Draganfly (DPRO), Okta (OKTA) , IMPP (IMPP), Lithium Americas ( LAC ) , Altria Group ( MO ) , Net Element (MULN), Alibaba ( BABA ) , Canaan Inc ( CAN ) , Direxion Daily China Bull 3X Shares (YINN), and Vinco Ventures ( BBIG ) .

Just a follow up from yesterday:

Bullish option flow detected in Lithium Americas (LAC) with 16,137 calls trading, 4x expected, and implied vol increasing over 1 point to 75.33%. Apr-22 27.5 calls and Apr-22 30 calls are the most active options, with total volume in those strikes near 5,200 contracts. The Put/Call Ratio is 0.21. Earnings are expected on May 5th.

My take: if you are considering to sell something, today is the day, the rally may not last till tomorrow. Not an investment advice, just my 2 cents, of course....

 

 

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