Breaking down unusual options activity.

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Today we dive into unusual options volume: Popular growth names and the high option volume that was traded this week.

Then we’ll get into breaking down possibilities of this activity and what the call or put volume could mean under the hood. Let’s go.

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Today's Letter

• Most traded option contracts (in popular growth names) of the week with CALL/PUT skew.

• Unusual Options - A look under the hood in single names.

• Unusual Options - SOFI players come out.

• Unusual Options - AMC earnings with big expectations.

Most traded option contracts of the week (in popular growth names)

Volatile assets being volatile? Increased options activity usually equals increased volatility.

Here are some of the more popular growth names, with QQQ and TSLA included for reference, that traded with HIGH volume this week.

Coincidently, these names have also seen some volatile price action over the last several weeks. Does option volume determine volatility, or does volatility determine the options volume? Chicken or the egg scenario.

Some interesting takes:

• Call skew favorable to calls in semi-conductor names.

• COIN and KRE (regional banking ETF) saw higher put volume with news this week that might be disrupting both industries.

A look at what might be going on under the hood of this week’s trade volume.

Let’s take a look at some of the individual names and what might be going on under the hood.

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