Incredible Option Activity in the Market
Amidst the whirlwind of the S&P 500 index, astute traders today bore witness to remarkable options trading in three major players: Meta Platforms Inc (META), Netflix Inc (NFLX), and Apple Inc (AAPL). The option seas were churning, with numbers that would make any seasoned investor’s head spin.
Meta Platforms Inc (META)
META, the social media titan, found itself in the eye of the storm with a staggering 383,021 contracts traded. This figure translates to a mind-bending 38.3 million underlying shares, a surge of approximately 291.7% over its average daily trading volume. Notably, the $490 strike call option expiring in July 2024 garnered exceptional attention, with 28,970 contracts exchanging hands, representing around 2.9 million META shares.
Dive into META’s historical performance, and the $490 strike stands out like a beacon in the night, highlighted in a vivid orange hue on the chart’s canvas. The trajectory of META’s options will captivate even the most jaded of market observers.
Netflix Inc (NFLX)
NFLX, the entertainment powerhouse, saw an impressive 40,969 contracts in options trading today, equivalent to about 4.1 million underlying shares. This translates to roughly 137.7% of NFLX’s average daily trading volume over the past month. The $710 strike call option expiring in July 2024 was a standout, with 1,141 contracts changing hands, representing approximately 114,100 underlying shares of NFLX.
In NFLX’s trading history, the $710 strike shines like a star in the night sky, commanding attention on the chart. The journey of NFLX’s options promises an unpredictable and exciting future.
Apple Inc (AAPL)
AAPL, the tech behemoth, experienced a whirlwind of options trading with a colossal 812,311 contracts, representing around 81.2 million underlying shares. This surge amounted to about 111.9% of AAPL’s average daily trading volume over the past month. The $230 strike call option expiring in July 2024 was especially popular, with 52,465 contracts traded, representing approximately 5.2 million underlying shares of AAPL.
AAPL’s historical data reveals the $230 strike as a beacon of interest, vividly highlighted in orange on the chart. The path of AAPL’s options promises twists and turns that will keep investors on the edge of their seats.
Dive Deeper into Options
For a plethora of expiration options on META, NFLX, or AAPL, market enthusiasts can lose themselves in the world of options at StockOptionsChannel.com.
