Typically, I write this column on Saturday morning, but an unusual heat wave in my neck of the woods pushed things to the evening. Regardless of the clock, the market has undergone massive changes that are worth exploring. As a consistent observer of unusual options activity, I know this screener—and the aberrant transactions it reveals—is where the most actionable inferences are perceived to live. For example, if a huge volume of call options enters the frame, many assume that the security could move hig ...