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Insightful Analysis: AMD, RUN, X Options Activity Unveiling the Uncommon: AMD, RUN, X Options Surge

Creative Storm in the Stock Market

Today’s trading arena has witnessed a remarkable display of power plays among the Russell 3000 index components. Surging to the forefront is Advanced Micro Devices Inc. with a total of 442,038 contracts traded, equivalent to a staggering 44.2 million underlying shares. This frenzy constitutes a lion’s share of 70.4% of AMD’s average daily trading volume over the past month, standing at 62.8 million shares. Notably, the $130 strike put option expiring on August 09, 2024, stole the show with 53,659 contracts trading today, representing about 5.4 million underlying shares.

A visual representation of AMD’s trail in the past twelve months accentuates the gravitas, with the $130 strike shining brightly in orange hues.

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Power Play in the Options Playground

The frenzy extends to Sunrun Inc (Symbol: RUN), where options trading has seen a surge of 103,891 contracts today, equating to approximately 10.4 million underlying shares. This booming activity represents a formidable 70.3% of RUN’s average daily trading volume in the last month, marking at 14.8 million shares. The $19 strike call option expiring on August 16, 2024, caught significant attention with 8,675 contracts changing hands, representing around 867,500 underlying shares of RUN.

A glance at RUN’s trading path over the past year, with the $19 strike shining prominently in orange, speaks volumes about the unfolding drama.

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Riding the Waves of the Steel Sea

United States Steel Corp. (Symbol: X) adds fervor to the trading floor with 18,593 contracts exchanged today, translating to approximately 1.9 million underlying shares. This activity mirrors a substantial 69.5% of X’s average daily trading volume in the past month, which was at 2.7 million shares. Not to be outdone, the $41 strike call option expiring on August 16, 2024, caused quite a stir with 2,497 contracts swapping hands, representing roughly 249,700 underlying shares of X.

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A visual depiction of X’s journey in the previous twelve months, with the $41 strike asserting its dominance in vibrant orange, rounds out the narrative penned on the charts.

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Exploration of Options Galore

For a myriad of expirations available in AMD, RUN, or X options, enthusiasts can delve deep into the realm of possibilities at StockOptionsChannel.com.