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While no one indicator can reliably predict market trajectory, checking the pulse in Barchart’s screener for unusual stock options volume offers an excellent starting point. Essentially, extraordinary volume against usual norms in the derivatives arena can potentially symbolize big moves by the smart money. Further, with enormous interest paid to The Beauty Health Co. (SKIN) options contracts on Thursday, it’s worth examining for adventurous investors.
Founded in 1997, Beauty Health manufactures and sells serum-based hydradermabrasion systems and aesthetic products. According to its website, the entity delivers millions of skin health experiences every year that help consumers reinvent their relationship with their skin, bodies and self-confidence. Sold for all ages, genders, skin tones and skin types in more than 90 countries, it’s possible that SKIN stock is on the cusp of a market breakthrough.
