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The Market Action App detected BEARISH unusual option activity for Arcus Biosciences, Inc. Ticker: RCUS

Thursday, 11.18.2021

38 contracts traded for RCUS $40 strike calls for expiration 01/21/22 with open interest of (365) when the shares were trading at 42.92.

RCUS $40 strike calls for 01/21/22 expiration

Option Flow Order Summary

  • Size: 38
  • Sentiment: BEARISH
  • Estimated Cost Per Contract: 26,980
  • Estimated Premium Value: $27K
  • Volume: 252
  • Open Interest: 365
  • Contract Close Price: 36.91
  • Stock Price at Trade: 42.92
  • Market Action Score: 60.00% Bearish

Why is this an Unusual Option Activity?

  • The order flow was detected as a sweep.
  • The Stock has earnings coming up. – 2021-11-08

Stock Technical Information

  • Stock Levels: Last Close: 36.91 , Points Change: +6.07, % Change: ⬆️ 16.45%
  • Today’s Volume: 725K (10 Days average: 498K)
  • Price Levels to consider for tomorrow:

    • Resistance 2: 37.80
    • Resistance 1: 37.51
    • Pivot Point: 36.98
    • Support 1: 36.39
    • Support 2: 36.13
  • Stock is below 10 SMA: 37.07
  • Stock is above 20 SMA: 35.69
  • Stock is above 50 SMA: 34.79
  • Stock is above 100 SMA: 32.27
  • 52 Week High: 43

Stock chart for RCUS (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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