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Unusual option activity detected for Advance Auto Parts Inc. Ticker: AAP by Market Action App

Thursday, 11.18.2021

20 contracts traded for AAP $200 strike calls for expiration 01/19/24 with open interest of (35) when the shares were trading at 229.73.

AAP $200 strike calls for 01/19/24 expiration

Option Flow Order Summary

  • Size: 20
  • Sentiment: BEARISH
  • Estimated Cost Per Contract: 101,200
  • Estimated Premium Value: $101K
  • Volume: 20
  • Open Interest: 35
  • Contract Close Price: 232.55
  • Stock Price at Trade: 229.73
  • Market Action Score: 60.00% Bullish

Why is this an Unusual Option Activity?

  • The order flow was detected as a sweep.

Stock Technical Information

  • Stock Levels: Last Close: 232.55 , Points Change: -3.19, % Change: ⬇️ -1.37%
  • Today’s Volume: 30K (10 Days average: 815K)
  • Price Levels to consider for tomorrow:

    • Resistance 2: 240.30
    • Resistance 1: 237.72
    • Pivot Point: 234.55
    • Support 1: 229.39
    • Support 2: 227.81
  • Stock is below 10 SMA: 234.25
  • Stock is above 20 SMA: 231.73
  • Stock is above 50 SMA: 219.25
  • Stock is above 100 SMA: 213.28
  • 52 Week High: 243

Stock chart for AAP (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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