The market witnessed remarkable options trading today, particularly within the technology sector with Advanced Micro Devices Inc (AMD), Allegro MicroSystems Inc (ALGM), and American International Group Inc (AIG) standing out. Let’s delve into the intriguing details of each company’s option activity.
Advanced Micro Devices Inc (AMD)
Today, Advanced Micro Devices Inc (AMD) saw a flurry of options trading, with an astounding total of 598,808 contracts traded so far, equivalent to about 59.9 million underlying shares – a significant 85.6% of AMD’s average daily trading volume in the past month. The $200 strike call option expiring on March 15, 2024, caught the eye of traders with 43,720 contracts exchanged, representing approximately 4.4 million underlying shares. The surge in activity is vividly depicted in AMD’s trading history chart with the $200 strike graphed in a bold orange hue.
Allegro MicroSystems Inc (ALGM)
On the other hand, Allegro MicroSystems Inc (ALGM) saw an intriguing trading day with 16,039 contracts swapped, amounting to about 1.6 million underlying shares. This volume was a substantial 85.3% of ALGM’s average daily trading volume over the last month. Noteworthy activity was recorded for the $25 strike put option expiring on May 17, 2024, with 15,005 contracts traded so far – representing around 1.5 million underlying shares of ALGM. The chart illustrating ALGM’s trading history accentuates the $25 strike showing prominently in orange.
American International Group Inc (AIG)
American International Group Inc (AIG) also experienced robust options trading activity today, with 37,364 contracts changing hands, representing about 3.7 million underlying shares. This significant volume accounted for 80.7% of AIG’s average daily trading volume over the past month. The $80 strike call option expiring on June 21, 2024, stood out with 12,441 contracts traded – equivalent to approximately 1.2 million underlying shares of AIG. The graph showcasing AIG’s trading history highlights the $80 strike in a striking orange shade.
