As the market ticked forward this Wednesday, option activity among S&P 500 components turned heads. Specifically, Palo Alto Networks, Inc (PANW) stood out, with a whopping 43,730 contracts traded, representing approximately 4.4 million underlying shares. This impressive number equates to 125.8% of PANW’s average daily trading volume over the past month, a significant surge from the typical 3.5 million shares.
The highlight of the day was the $310 strike call option expiring on January 12, 2024, with 2,233 contracts traded, translating to approximately 223,300 underlying shares of PANW. Such robust activity has placed PANW on the investor map, with a notable surge that demands attention.
Switching gears, Advanced Micro Devices Inc (AMD) also experienced notable options trading, logging a volume of 384,447 contracts. This staggering figure represents approximately 38.4 million underlying shares and a substantial 59.6% of AMD’s average daily trading volume over the past month, standing at 64.5 million shares.
The $150 strike call option expiring on January 12, 2024, stole the spotlight with 31,431 contracts traded, indicative of around 3.1 million underlying shares of AMD. These numbers reflect a robust interest in AMD options, elevating the stock’s market presence today.
Meanwhile, First Solar Inc (FSLR) witnessed options trading volume of 13,554 contracts, conveying approximately 1.4 million underlying shares or around 58.8% of FSLR’s average daily trading volume over the past month, hovering at 2.3 million shares. With a high volume for the $165 strike call option expiring on January 19, 2024, at 3,150 contracts traded, these options have propelled FSLR into the forefront of today’s market activity.
For investors interested in exploring the various available expirations for PANW, AMD, or FSLR options, a visit to StockOptionsChannel.com offers a comprehensive view of the options landscape.
Today’s noteworthy options activity in PANW, AMD, and FSLR indicates a day of fervent trading, creating excitement and interest amongst investors.