Today there is large, unusual activity in The Charles Schwab Corp (SCHW) call options that are out-of-the-money. This highlights its value both to those shorting them and those who see SCHW stock rising.
The stock is trading at $59.44 on Wednesday, Sept. 13, down from its recent peak of over $67 per share on July 20. The Barchart Unusual Stock Options Activity Report today shows that over 10,000 contracts for its calls expiring on Nov. 17, 2023, have traded. The strike price is $67.50, which is 13.6% over today's spot price.
