High Volume Options Activity
Today, an extraordinary surge in options trading was witnessed among some prominent S&P 500 components. NVIDIA Corp (Symbol: NVDA), in particular, experienced a remarkable trade volume, with a staggering 1.4 million contracts exchanging hands. This substantial figure translates to approximately 137.9 million underlying shares, a figure that represents an astounding 249.3% of NVDA’s average daily trading volume over the past month, historically pegged at 55.3 million shares.
Significantly high trading volumes were attributed to the $920 strike call option expiring on March 08, 2024, with an impressive 53,667 contracts being traded so far today, amounting to roughly 5.4 million underlying shares of NVDA. This spike in activity is visually depicted in the chart below, outlining NVDA’s trading history over the past twelve months, with the $920 strike exemplified in a captivating shade of orange.
Netflix Inc (Symbol: NFLX) was not left behind in this surge of options activity. NFLX recorded a trading volume of 39,639 contracts today, representing a substantial 4.0 million underlying shares, a volume that mirrors a noteworthy 111.5% of NFLX’s average daily trading volume over the past month of 3.6 million shares.
The $650 strike call option set to expire on March 15, 2024, garnered notable attention with 2,378 contracts traded so far today, amounting to approximately 237,800 underlying shares of NFLX. The chart below illustrates NFLX’s trading history over the past year, highlighting the $650 strike in an eye-catching orange hue:
Additionally, Fox Corp (Symbol: FOXA) displayed a substantial options trading volume of 41,660 contracts today. This volume equates to around 4.2 million underlying shares, signifying a significant 100.8% of FOXA’s average daily trading volume over the past month, which was 4.1 million shares.
Looking at the options trading landscape today, there are notable movements within the S&P 500 index. Particularly, Tesla Inc (Symbol: TSLA) is in the spotlight, with a robust total volume of 1.2 million contracts traded so far. This amount is equivalent to around 115.7 million underlying shares. The trading volume seen today is a remarkable 162.1% of TSLA's average daily volume over the past month, standing at 71.4 million shares. Of particular interest is the high volume observed for the $220 strike call option expiring on September 06, 2024, with 82,024 contracts traded, reflecting approximately 8.2 million shares of TSLA. Visualize TSLA's last twelve-month trading history below, with the $220 strike depicted in orange:
Boeing Co. (Symbol: BA) also experienced significant options trading activity today, with a volume of 73,301 contracts, translating to around 7.3 million underlying shares. This volume represents approximately 131.4% of BA's average daily trading volume for the last month, standing at 5.6 million shares. High volume was noted for the $165 strike call option expiring on September 06, 2024, with 4,727 contracts traded, reflecting about 472,700 underlying shares of BA. The chart below illustrates BA's trailing twelve-month trading history, with the $165 strike highlighted:
Apple Inc (Symbol: AAPL) is another player with notable options volume, boasting 581,260 contracts traded today. These contracts represent approximately 58.1 million underlying shares, amounting to a substantial 131.3% of AAPL's average daily trading volume over the past month, which is 44.3 million shares. Noteworthy activity was seen for the $225 strike call option expiring on September 06, 2024, with 31,798 contracts traded so far, representing roughly 3.2 million underlying shares of AAPL. The image below showcases AAPL's trading history, with the $225 strike highlighted:
For more detailed information on available expirations for TSLA, BA, or AAPL options, interested investors can visit StockOptionsChannel.com.
Explore More: Historical Stock Prices of PYPLV CPHC Shares Outstanding History Exploring ZTS Market Cap HistoryThe $37 strike call option expiring on July 19, 2024, attracted notable interest with 22,198 contracts traded today, representing approximately 2.2 million underlying shares of FOXA. Below is a graphical representation of FOXA’s trading history, with the $37 strike highlighted for emphasis:
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For more details on the available expiration options for NVDA, NFLX, and FOXA, visit StockOptionsChannel.com.
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