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Market Action App Alert, BEARISH unusual option activity for Cassava Sciences, Inc. Ticker: SAVA

Thursday, 11.18.2021

180 contracts traded for SAVA $40 strike puts for expiration 11/26/21 with open interest of (480) when the shares were trading at 48.5.

SAVA $40 strike puts for 11/26/21 expiration

Option Flow Order Summary

  • Size: 180
  • Sentiment: BEARISH
  • Estimated Cost Per Contract: 41,220
  • Estimated Premium Value: $42K
  • Volume: 319
  • Open Interest: 480
  • Contract Close Price: 47.07
  • Stock Price at Trade: 48.5
  • Market Action Score: 53.33% Bullish

Why is this an Unusual Option Activity?

  • The order flow was detected as a sweep.
  • The Stock has earnings coming up. – 2021-11-10

Stock Technical Information

  • Stock Levels: Last Close: 47.07 , Points Change: +1.35, % Change: ⬆️ 2.87%
  • Today’s Volume: 4.77M (10 Days average: 5.3M)
  • Price Levels to consider for tomorrow:

    • Resistance 2: 54.74
    • Resistance 1: 52.18
    • Pivot Point: 48.85
    • Support 1: 43.73
    • Support 2: 42.06
  • Stock is below 10 SMA: 72.31
  • Stock is below 20 SMA: 60.17
  • Stock is below 50 SMA: 55.94
  • Stock is below 100 SMA: 74.48
  • 52 Week High: 146

Stock chart for SAVA (1 day)


Helpful Info

How is options trade sentiment calculated?

Bullish: Options trades are considered having a “bullish sentiment” when a “call option” is purchased at/near ask price or a “put option” is sold at/near bid price. The buyer or seller of the options is expecting the option, or any financial instrument, will increase in price.

Bearish: Options are “bearish sentiment” when a call option is sold at/near bid price or a put option is bought at/near ask price. The buyer or seller of the options is expecting the option, or any financial instrument, will decrease in price.

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