Elena Nikulina

Large purchases of out-of-the-money META calls observed, Jake Wujastyk notes

Large purchases of out-of-the-money META calls observed, Jake Wujastyk notes
META out-of-money call options surge

Unusual buying activity took place in out-of-the-money call options for META, according to Jake Wujastyk, founder and CEO of TrendSpider.

Wujastyk described the activity as aggressive, commenting that someone made substantial purchases of these options earlier in the day.

Wujastyk has highlighted other notable market movements in recent updates. He previously reported that Russell 2k futures recorded nine consecutive weekly declines. In another note, he observed that SMH, SOXX, and SOXL advanced through three-quarters of a volume gap.

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