Wednesday’s options trading wasn't a frenzy, with a volume of just 26.03 million, considerably less than the 30-day average of 47.11 million. Further, the highest Vol/OI ratio for call options was the Visa Feb. 21 $355 strike price, at 75.21. If that’s not over 100, you know it’s a slow day in the options pit.
As I looked at possible unusually active options to cover in today's commentary, the July 22 call options, which expire in 170 days, caught my attention. I can’t say why they jumped off the page at e, but the Corebridge Financial (CRBG) stock symbol intrigued me. I don’t think I’ve ever discussed the financial services firm’s stock before, but I couldn’t tell you that’s the case.
