Although investors have thousands of securities to trade on any given day, it can be difficult to separate the wheat from the chaff. That’s where Barchart’s unusual options volume indicator can provide an important clue. The options or derivatives market represents the arena of the smart money. Therefore, if the professional folks are targeting specific entities over others, it’s usually worth your while to take a closer look.
On Monday, one of the companies generating significant interest was Fiverr (FVRR). Officially billed as an online marketplace for selling goods and services, Fiverr is essentially an ecosystem for independent contractors and the businesses that want to hire them. Yesterday, total options volume for FVRR stock hit 15,806 contracts against an open interest reading of 37,787 contracts. Volume at the time represented a 470.61% lift from the trailing one-month average metric.
