Unusual Options Activity
We noticed a big, bullish trade Friday on Nov Inc. (NOV). At 11:49 a.m. 10,000 contracts of each of the July 21 and 22 calls crossed the tape. This outstripped open interest at both strikes. The 21s mostly moved at the ask, while the 22s moved lower in the spread, suggesting this is a bullish debit spread being opened.
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