Smart money activity in the past 24 hours that is out of the ordinary. It includes stock options bought on the ask or sold on the bid with unusual size and daily volume compared to open interest.
Sotheby's is a global art business company. It operates through two segments: Agency and Finance. The Agency segment matches buyers and sellers of authenticated fine art, decorative art, and jewelry through the auction or private sale process. The Finance segment conducts art-related financing activities by providing certain collectors and dealers with loans secured by works of art. It also involves in brand licensing activities. The company was founded by Samuel Baker in 1744 and is headquartered in New York, NY.
Put trades that are bought on or above the market's asking price OR call trades that are sold on or less than the market's bid price - expecting a move to the downside.