fbpx

The Market Action App detected BEARISH unusual option activity for Invesco Solar ETF Ticker: TAN

Thursday, 11.18.2021

160 contracts traded for TAN $145 strike calls for expiration 01/19/24 with open interest of (3) when the shares were trading at 96.0999.

TAN $145 strike calls for 01/19/24 expiration

Option Flow Order Summary

  • Size: 160
  • Sentiment: BEARISH
  • Estimated Cost Per Contract: 136,000
  • Estimated Premium Value: $136K
  • Volume: 161
  • Open Interest: 3
  • Contract Close Price: 97.14
  • Stock Price at Trade: 96.0999
  • Market Action Score: 66.67% Bearish

Stock Technical Information

  • Stock Levels: Last Close: 97.14 , Points Change: -1.04, % Change: ⬇️ -1.07%
  • Today’s Volume: 607K (10 Days average: 1.49M)
  • Price Levels to consider for tomorrow:

    • Resistance 2: 99.02
    • Resistance 1: 98.39
    • Pivot Point: 97.51
    • Support 1: 96.25
    • Support 2: 95.81
  • Stock is above 10 SMA: 96.96
  • Stock is above 20 SMA: 95.76
  • Stock is above 50 SMA: 88.11
  • Stock is above 100 SMA: 86.54
  • 52 Week High: 126

Stock chart for TAN (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.

To learn more about options education and trading unusual option activity visit: MarketAction.Live and signup for a free trial.