Unusual options activity in Teucrium Corn Fund (CORN), Ares Capital (ARCC) and Uber Technologies (UBER)

A review of unusual options activity in the Teucrium Corn Fund (CORN)

Today, March 4, 2022, among the underlying constituents of NYSEArca, we saw unusual and remarkable options trading volume on Teucrium Corn Fund (CORN), which opened at $26.68.

  • There was a series of repeat options activity from separate orders of varying sizes on the $28 strike call option dated April 14, 2022, traded at $2.05 ask with a bid-ask spread of $1.90 to $2.05.
  • The open interest on this channel is 702; the total volume to date is 722. Therefore, it must be said that these orders could potentially be closing positions, even on demand.
  • Additionally, the orders come as the Ukraine-Russia war saga continues to drive up commodity prices.

Above are the notable Teucrium Corn Fund options from the Unusual Whale Feed Alerts page.

A tip from the flow: When viewing alerts on the Unusual Whales feed alerts page, you can click “Link to feed” to view channel activity in the global options command feed, as shown here:

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Above are the notable Teucrium Corn Fund options from the Unusual Whales stream.

A tip from the flow: When viewing alerts in the Unusual Whales feed, you can click on the order’s option contract expiration to open another panel that has three additional charts and a table to dig deeper into the overall intraday options volumes of the order. ‘business, the chain’s bid-ask pressures and historical volumes and open interests.

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Shown above is the historical volume of the aforementioned channel, in red, and open interest, in blue, as bar charts behind the required supply and demand, in a light and darker blue tint, respectively. .

As you can see, open interest and volume are almost identical; therefore, it is not possible to determine whether these contracts were opened or closed. Always keep in mind that active or emerging volume is not indicative of direction!

To view more information on CORN’s daily feed breakdown, click here to visit unusualwhales.com.

Unusual options activity at Ares Capital Corporation (ARCC)

In the Nasdaq Global Market Composite (NasdaqGM), we saw unusual or remarkable options trading volume and activity at Ares Capital Corporation (ARCC), which opened today at $22.12.

  • There were 9,205 contracts traded on the $20 strike put option as of April 14, 2022, bought to open on demand at a spot price of $0.30 with a bid-ask spread of 0 $.00 to $0.35, implying illiquidity in the chain, given an unusual and wide bid-ask spread.
  • However, open interest on this channel was only 2,038 contracts at today’s open, with the volume on the channel now exceeding 10,248, which is remarkable.
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Above are Ares Capital’s notable options from the Unusual Whale Feed.

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Above are Ares Capital’s notable options of the most popular NEW chains tool Unusual Whales.

As seen, the contracts had an acceleration factor of 0.98, implying a rapid increase in trading activity relative to open interest on this chain.

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Shown above is the historical volume of the aforementioned channel, in red, and open interest, in blue, as bar charts behind the required supply and demand, in a light and darker blue tint, respectively. .

  • This channel started seeing remarkable activity on the 25th with an amount of 2,233 contracts traded which has continued as open interest until today. Therefore, we can intuit that it is either a continuation of this trend, or that more traders are opening positions today than closing them, and whether or not they are trading them. during the day can be determined by looking at the channel’s open interest in Monday morning’s market. open.

To view more information on the ARCC’s stream breakdown, click here to visit unusualwhales.com.

Unusual options activity at Uber Technologies, Inc. (UBER)

Finally, among the underlying constituents of the NYSE, we saw unusual or remarkable options trading volume and activity at Uber Technologies, Inc. (UBER), which opened today at $31.50.

  • There were 13,000 contracts traded on the $30 strike call option dated April 14, 2022 bought to open on demand at a spot price of $2.42 with a bid-ask spread of 2.37 $ to $2.43.
  • Open interest on this channel was 4,486 contracts and overall volume is now 16,677 at the time of this writing.
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Above are Uber’s notable options from the Unusual Whales feed.

A tip from the flow: Trades with the ↕ and 🔃 emojis are trades that have potentially been integrated as part of a strategy and are coded accordingly (like MLET or TLCT) in the codes column. Clicking on these emojis will open all the trades that entered together so that the holistic strategy can be studied.

  • Along with the aforementioned $30 strike calls were $32.5 strike calls for the same date, also with 13,000 contracts traded, but traded at the bid of $1.41 with a spread between bid and ask from $1.43 to $1.44.
  • However, the open interest on this channel was around 16,000, and the overall volume to date is also 16,000, so it is impossible to determine whether these contracts were opened or closed, or used with the put in as part of a multi-leg strategy.
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Above are Uber’s notable options from the Unusual Whales feed.

Additionally, these orders come after Adam Levy of The Motley Fool reported that: “Uber is showing ambitions beyond rides and delivery.”

  • Interestingly, these orders were marked as “floor”. Floor traders work on the floor of an exchange. When a floor trader executes a transaction, exclusively for his own account, this must be indicated on a stock exchange by the “floor” tag. Click here to learn more about trader performance.

To view more information about UBER’s stream breakdown, click here to visit unusualwhales.com.

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

About Mildred B.

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