On May 19, 2020 at 10:11 a.m. PT, Facebook announced the launch of its new product Facebook Shop and the stock price rose accordingly. However, just 10 minutes prior, there was an unusual volume of trades (more than 7,000 contracts) for the May 22 call option with a $220 strike price on Facebook. Ten minutes later, the call option skyrocketed 200%.
BeeDeeVee712 : Good job with this article. This is a great reference page for people new to options trading in general. Even those that know about options trading but weren't sure about "unusual options activity" and if/how they would like to go about utilizing it.
I know for one thing, I wish this article was posted 2 years ago when I first started trading options and after a few weeks of that became curious about the "unusual options activity" tab but it felt too daunting to figure out on my own while still just trying to become more and more familiar with options trading in general.
Very useful article Janice and I recommend anyone considering testing the options waters to check out this post once you believe you have learned the basics of options trading.