AMD: Electrifying Options Action
On this noteworthy Thursday, the trading floor witnessed a fascinating spectacle in the realm of Advanced Micro Devices Inc. A staggering 649,374 contracts have changed hands, equivalent to a colossal 64.9 million underlying shares – a figure that overshadows AMD’s average daily volume of 50.8 million shares in the past month by a jaw-dropping 127.8%. The options arena was ablaze with activity, notably at the $170 strike call, expiring on June 7, 2024. An astonishing 77,839 contracts were traded, representing a whopping 7.8 million AMD shares. The numbers speak volumes, painting a vivid picture of the frenetic trading day that has unfolded.
ADBE: Dazzling Option Volume
Meanwhile, Adobe Inc, symbol ADBE, exhibited an equally striking performance in the options market. A total of 33,169 contracts have been traded today, translating to approximately 3.3 million underlying shares – an impressive 107.7% surge above ADBE’s average daily trading volume of 3.1 million shares over the past month. The limelight shone brightly on the $460 strike call option expiring on June 7, 2024, with 1,387 contracts traded, representing roughly 138,700 shares of the tech giant.
LLY: Options Market Surge
Eli Lilly, known by its symbol LLY, also witnessed a flurry of activity as options trading volume hit 25,537 contracts, reflecting approximately 2.6 million underlying shares or about 105.6% of LLY’s average daily trading volume in the last month. The $830 strike call option expiring on June 7, 2024, sparked considerable interest with 1,201 contracts traded, equivalent to around 120,100 shares of the pharmaceutical company.
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