Tuesday, August 03, 2021 3:13:28 PM
https://www.benzinga.com/trading-ideas/long-ideas/21/08/22306155/amc-apes-hold-strong-as-options-traders-slap-the-ask
Why It’s Important: When a sweep order occurs, it indicates the trader wanted to get into a position quickly and is anticipating an imminent large move in stock price. A sweeper pays market price for the call or put option instead of placing a bid, which sweeps the order book of multiple exchanges to fill the order immediately.
These types of option orders are usually made by institutions, and retail investors can find watching for sweepers useful because it indicates “smart money” has entered into a position.
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