When you think about penny stocks, rarely do options come to mind. That’s at least according to some traders in the stock market today. One of the reasons they’re buying penny stocks in the first place is to leverage small sums of money in exchange for more significant upside potential. Options are a cheaper way that investors can theoretically control more shares of higher-priced stocks without having the capital requirements to do so.
Believe it or not, many penny stocks also have options. Used as a speculative asset, some traders will look at options statistics to gauge bullish or bearish sentiment in specific stocks. Today we look at a few penny stocks with unusually high levels of call buying activity.
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