Meta Platforms Inc (META) Options Activity
Noteworthy trading activity unfolded among the S&P 500 index components on Wednesday. Meta Platforms Inc, better known as META, commanded attention with a trading volume of 168,096 contracts today. This figure reflects approximately 16.8 million underlying shares changing hands, painting a striking picture of frenzied market activity. For META, this is an impressive 80.6% surge compared to its average daily trading volume over the past month, which stood at 20.8 million shares.
Today’s spotlight shone brightly on the $440 strike call option set to expire on May 03, 2024. A staggering 8,883 contracts were executed, translating to roughly 888,300 underlying shares of META. This option’s allure was undeniable, capturing the interest of traders in a fashion reminiscent of a magpie drawn to shiny objects.
Booking Holdings Inc (BKNG) Options Activity
Booking Holdings Inc, symbolized by BKNG, also saw significant options activity today. 1,430 contracts were traded, signaling the exchange of approximately 143,000 underlying shares. This robust activity registers at 73.1% of BKNG’s average daily trading volume over the past month, which stood at 195,550 shares.
The $4200 strike call option expiring on May 03, 2024, sparked fervor in the trading arena, with 90 contracts changing hands. These transactions represented approximately 9,000 underlying shares of BKNG, painting a vivid image of the delight this option brought to traders akin to a sparkling fireworks display lighting up the night sky.
Microsoft Corporation (MSFT) Options Activity
Microsoft Corporation, under the symbol MSFT, showcased its own flurry of options trading with 146,574 contracts changing hands on Wednesday. This volume represented roughly 14.7 million underlying shares, a notable 72.1% of MSFT’s average daily trading volume over the past month, which was at 20.3 million shares.
The $400 strike call option set to expire on May 03, 2024, rose to prominence with 7,684 contracts traded today, equivalent to approximately 768,400 underlying shares of MSFT. The electric buzz surrounding this option was akin to a bustling city street alive with the sounds of vendors touting their wares.
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