square stock unusual options activity
  • Ticker: SQ
  • Sentiment: BULLISH
  • Trade Type: Call
  • Expiration Date: 2020-12-18
  • Contracts traded: 1,100
  • Total traded: $1,903,000
  • Strike Price: $150
  • Stock Price: $141.98
  • Volume: 1,229
  • Open Interest: 3,419
  • Notes: bought on the ask out of the money
view all unusual options activity for Square

Single Leg Cross Non ISO

Transaction was the execution of an Intermarket Sweep electronic order which was “stopped” at a price and traded in a two sided crossing mechanism that does not go through an exposure period. 

Does the side of the trade matter?

Yes, absolutely. As a market maker you are looking to collect the spread, and as such you are looking to buy on the bid and sell on the ask. Usually these market makers have placed their trades and are waiting for someone to bite.

A trade that happens on the ask or above is considered initiated by the buyer (market maker is happy to be selling at the ask to collect their spread). A trade that happens on the bid or below is considered initiated by the seller (again the market maker is happy to wait and buy on the bid to later sell higher to collect the spread).

How can you tell which side the trade happened on? Optionsonar makes it dead simple to filter out options that were bought or sold. Just look under the notes section to see if the option was bought or sold.

optionsonar tells you if an option was bought
view the latest unusual options activity bought and sold