/biz/ - Business & Finance

>>49932463
I download daily whale volume from Barcharts and sometimes look at live flow on Optionstrat
https://www.barchart.com/options/unusual-activity/stocks
https://www.barchart.com/options/unusual-activity/etfs

Recall that option chains have volume (daily trades) and open interest (OI)(cumulative open contracts, except for daily trades). Therefore, when vol>OI, it shows you that a large position has been opened and warrants further investigation.
Normally you'll see something with a 20x or more multiplier on vol>OI, so this is a smaller position, and it's also for one strike/expiry. SIGA did not appear on previous unusual option chains, but money might start flowing into it more now.
In any case, someone opened a $280,000 position against it, thinking that in 57 days, the price will not exceed $15. At least that's how I interpret it - it's an OTM position, so unless it hits a strong pump and dump, it's probably just an opportunistic fund trying to get some extra yield from pump jumping onto it long