Unusual options activity at Camping World Holdings (CWH), Meta Platforms (FB) and Futu Holdings (FUTU) – Nasdaq | Gmx Pharm

Today, March 21, 2022, on the NYSE, there was unusual or notable option trading activity on Camping World Holdings, Inc. (CWH) which opened at $31.12.

  • There were a number of orders including sweeps on the April 1, 2022 $33 strike call option trading at the ask price of $0.50 with a bid-ask spread of $0.25 to $0.50 $ was traded.
  • The open interest on this chain was 172 open contracts and the total volume is now around 3,197, which means these trades were opened and not closed.

Above are the notable options in Camping World from the Unusual Whale Options order flow.

Additionally, those orders come after Zacks reported, “The company is expected to report earnings per share of $1.39, down 0.71% from the year-ago quarter. Meanwhile, the Zacks Consensus estimate for revenue calls for net sales of $1.65 billion, up 5.97% from the prior-year period.”

A tip from the flow: The ⚠️emoji means that the size of the order was greater than the open interest in the chain itself.

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Above are the notable options in Camping World from the NEW Unusual Whales Hottest Chains Tool.

  • Additionally, these orders were also spotted on the NEW Unusual Whales Hottest Chains tool. As seen, the contracts had an acceleration factor of 0.72, indicating that there was a rapid increase in trading activity via open interest on this chain. Additionally, from the OHLC charts shown above, it can be seen that the chain’s open price is lower than its high, which is roughly the last price or where it is currently trading.
  • As previously mentioned, these commands have been labeled “Sweep”. An options sweep (or sweep-to-fill) occurs when a broker splits an order into many parts in order to get the best possible prices currently offered in the market.
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Above is the historical volume of the above chain in red and the open interest in blue as bar charts behind the required bid and ask price in a lighter blue and darker shade respectively.

Volume on this chain has now risen above open interest, so some of these contracts must have been bought or sold to open, not close.

For more information on the daily CWH flow breakdown, click here to visit unusual whales.com.

On NasdaqGS, there was unusual or notable options trading activity on Meta Platforms, Inc. (FB) which opened at $214.50 today.

  • There were 6,951 contracts traded with $212.5 and $215 strike call options dated March 25, 2022.
  • The $212.5 strike chain had open interest at around 9,000 and now has volume at around 10,000.
  • The $215 strike chain had open interest at around 5,000 and now has volume at around 14,000.
  • Therefore, one can surmise that these orders are either bought or sold to open, not to close, and both trades were on demand.
  • Also, these commands come after The Motley Fool asked, “Where will meta platforms be in 3 years?”
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Above are the notable options in Facebook from the unusual whale river.

A tip from the flow: Trades that have the ↕ and 🔃 emojis attached are trades that may have come together as part of a strategy and are coded accordingly (e.g. MLET or TLCT) under the Codes column. Clicking on these emojis will open all the trades that have come together, allowing the holistic strategy to be explored.

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Above are the notable options in Facebook from the unusual whale river.

These orders continued to trickle in in varying sizes, from a single contract to 88 or more, and all were above the $2.60 requirement at the time the order was placed.

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The charts above represent Facebook’s option flow data in relation to the last 100 trades and premiums greater than $30,000.

64.6% of the premium traded at these premium levels are bullish bets, 69.8% as ask side orders and 64.7% as call premiums.

For more information on FB’s river breakdown, click here to visit uncommonwhales.com.

Finally, in the NasdaqGM, there was unusual or notable option trading activity on Futu Holdings Limited (FUTU), which opened at $38.05 today.

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Above are the notable options in Futu from the NEW Unusual Whale Flow Alerts Tool.

A tip from the flow: When viewing alerts on the Unusual Whales Flow Alerts page, you can click Link to Flow to view the chain’s activity in the overall options order flow, as seen here:

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Above are the notable options in futu from the Unusual Whales River.

As you can see, the open interest on this chain is 950, but the volume on the day is only 228, so it cannot be known whether these contracts were bought or sold to open.

For more information on FUTU’s flow breakdown, click here to go to unusual whales.com.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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