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In Wednesday trading, there were 1,165 unusually active options -- defined as those options expiring in seven days or more with Volume-to-Open Interest (Vol/OI) of 1.24 or higher -- with 679 calls and 486 puts. That’s a bullish indicator.
However, what caught my eye as I examined yesterday’s unusual options activity for today’s commentary was Citigroup’s (C) four unusually active puts. It had no unusually active calls.