The options market is often considered to be an indicator of “smart money,” as knowledgeable individuals or institutions usually trade options. An underlying asset’s bullish or bearish signals can be identified by monitoring options trades.
On March 31, 2023, an abnormally large block worth $147.78 thousand of call contracts in International Paper Company (IP) was bought with a strike price of $37 per share. The contract expires on April 21, 2023.
