Trade of the Week: Unusual Activity In WisdomTree

10/14/2019 6:00 am EST


Jay Soloff

Options Portfolio Manager, Options Floor Trader PRO

An unusually large amount of calls were bought in WisdomTree Investments (WETF), nearly 5=five times the average daily volume. It looks like someone believes the stock could be going higher by January and is buying lots of calls at the $6 strike. WETF is an ETF provider, so the commission battle between online brokers could be providing a boost to the company. As commissions go down, it is more likely investors will be willing to be buy stocks and ETF. That's a good thing for a company like WETF that makes money on the trading volume of their products.

Related Articles on OPTIONS

Keyword Image
Go Camping with Yeti
07/01/2020 5:00 am EST

As people across the globe continue to socially distance in the wake of COVID-19, a renewed interest...