Loading ...The UVXY Jan 8th $11 call had 46,775 volume on 8972 open interest–the $10.50 call had 16,387 vol on 3449 0.i.
The VXX Jan 8th 17 buck call had 15,483 vol.on 5,444 o.i. & the $17.50 call had 16,219 vol. on 9575 o.i. & the $18 call had 20,971 vol on 7762 o.i.
Normally, an odd day that has one strike with unusually high volume, is rarely predictive….but this action today…this vast amount of money spent on options that expire in 2 days…requires me to officially deem it the action of “smart money” and predictive.