Thursday’s Options Buzz: NFLX, NVDA, UAA Noteworthy Options Activity on Thursday

Written By Michael Gary Scott

Netflix Inc (NFLX)

Among the underlying components of the Russell 3000 index, notable options trading volume surfaced for Netflix Inc (NFLX) today. A total of 89,953 contracts have changed hands, equivalent to around 9.0 million underlying shares. This surge represents approximately 271% of NFLX’s average daily trading volume in the last month. Of particular interest was the $620 strike call option expiring March 15, 2024, with 9,777 contracts traded so far, reflecting roughly 977,700 underlying shares of NFLX. The demand for these options has ignited fervor among traders, resonating throughout the market.

NFLX Chart

NVIDIA Corp (NVDA)

Options for NVIDIA Corp (NVDA) were abuzz today with a trading volume of 1.4 million contracts, representing around 139.4 million underlying shares. This figure signifies a substantial 227.9% of NVDA’s average daily trading volume over the past month. The $900 strike call option expiring March 15, 2024, saw significant activity, with 92,214 contracts traded, translating to approximately 9.2 million underlying shares of NVDA. The flurry of interest in these options has set the market abuzz.

NVDA Chart

Under Armour Inc (UAA)

Similarly, Under Armour Inc (UAA) experienced heightened options activity today, with 80,096 contracts traded, amounting to about 8.0 million underlying shares. This volume represents a robust 140.1% of UAA’s average daily trading volume over the past month. The $7.50 strike put option expiring September 20, 2024, witnessed considerable interest, with 54,254 contracts traded, equivalent to around 5.4 million underlying shares of UAA. The market’s response to these options has been fervent and engaging.

UAA Chart

For more information on available expirations for NFLX, NVDA, or UAA options, investors can explore StockOptionsChannel.com for valuable insights into the market trends driving these options.

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