Pete just said BIDU going higher based on options activity.
can you explain how option buying activity influence the share price going up so fast? thx
It doest. The underlying affects options pricing, not the other way around.The idea is, the unusual volume in options suggests that investors are speculating a price movement (calls = upside, puts = downside).
oh wow, 10000 weekly (expire tomorrow) 145 calls were traded today. Thats twice as much as the OI! Aka, twice as many options traded today alone, than last thursday to yesterday!!
looks like they are trying to move it over 145 for Fri weekly OPEX
Yep. Imagine if we had the wind at our backs...