The meme stocks have continually been the most active traded options contracts over the last few weeks. However, you never know which meme stock is going to be in the spotlight from week to week. This past week, Workhorse (WKHS) was one of the big movers, up nearly 10% on one day in particular.
On that day, nearly 250,000 options contracts trades, 2x the normal amount. While 87% of the trades were calls (which tend to be bullish), the biggest trade of the day was a put spread. This trade could be a directional trade or a hedge against a down move in the stock.
Disclaimer: Information contained in this email and websites maintained by Investors Alley Corp. ("Investors Alley") are provided for educational purposes only and are neither an offer ...
Disclaimer: Information contained in this email and websites maintained by Investors Alley Corp. ("Investors Alley") are provided for educational purposes only and are neither an offer nor a recommendation to buy or sell any security, options on equities, or cryptocurrency. Investors Alley and its affiliates may hold a position in any of the companies mentioned. Investors Alley is neither a registered investment adviser nor a broker-dealer and does not provide customized or personalized recommendations. Any one-on-one coaching or similar products or services offered by or through Investors Alley does not provide or constitute personal advice, does not take into consideration and is not based on the unique or specific needs, objectives or financial circumstances of any person, and is intended for educational purposes only. Past performance is not necessarily indicative of future results. No trading strategy is risk free. Trading and investing involve substantial risk, and you may lose the entire amount of your principal investment or more. You should trade or invest only "risk capital" - money you can afford to lose. Trading and investing is not appropriate for everyone. We urge you to conduct your own research and due diligence and obtain professional advice from your personal financial adviser or investment broker before making any investment decision.
