One of the difficulties in deciphering the rumblings in Barchart’s screener for unusual stock options volume is of course the interpretative component. Especially when it comes to popular entities like blockchain mining specialist Cipher Mining (CIFR), just knowing the core stats of put and call volume and open interest may not be enough.
Just like theologians dedicate years of their lives to understanding the true meaning of a religious text, traders for certain securities just can’t take options information at face value. For example, high volume for call options generally signifies bullish intent. However, traders can also sell calls, which have bearish implications. Plus, the acquisition of calls and puts can be used to hedge against positions.
