As Friday unfolds, the options market is abuzz with notable activity surrounding three prominent S&P 500 components. Let’s delve into the intriguing developments surrounding Costco Wholesale Corp, NVIDIA Corp, and Netflix Inc.
Costco Wholesale Corp (COST)
Costco Wholesale Corp has seen a surge in options trading, with a total volume of 81,294 contracts exchanged so far today. This volume is equivalent to approximately 8.1 million underlying shares, reflecting a remarkable 475.4% of COST’s average daily trading volume over the past month. Of particular interest is the $810 strike call option expiring on May 31, 2024, with 3,034 contracts traded, representing about 303,400 underlying shares of COST.
Charting COST’s trading history over the past twelve months, the $810 strike stands out prominently in orange. This spike in options activity showcases investor appetite and sentiment towards COST stock.
NVIDIA Corp (NVDA)
NVIDIA Corp has witnessed significant options trading volume, with 1.6 million contracts traded today, representing around 161.4 million underlying shares or approximately 381.4% of NVDA’s average daily trading volume over the past month. The $1100 strike call option expiring on May 31, 2024, has seen robust activity, with 61,426 contracts traded, equivalent to approximately 6.1 million underlying shares of NVDA.
Examining NVDA’s trading history, the $1100 strike option shines brightly in orange, capturing the attention of market participants tracking NVDA’s performance.
Netflix Inc (NFLX)
Netflix Inc has also experienced heightened options trading, with 74,069 contracts changing hands today, translating to about 7.4 million underlying shares or 241.1% of NFLX’s average daily trading volume over the past month. Noteworthy activity was observed for the $655 strike call option expiring on May 31, 2024, with 3,381 contracts traded, representing approximately 338,100 underlying shares of NFLX.
The $655 strike on NFLX’s trading history chart gleams in orange, illustrating the focus on this particular option amid the trading flurry.
For further exploration of the various expiration options available for COST, NVDA, or NFLX, interested traders are encouraged to visit StockOptionsChannel.com for a comprehensive overview.
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