Market Buzz: Noteworthy Options Activity for HA, NFLX, META

Written By Michael Gary Scott

Investor Interest in Options Activity

In today’s trading sphere, a discerning eye is cast upon the options market, particularly in regard to Hawaiian Holdings Inc (HA), Netflix Inc (NFLX), and Meta Platforms Inc (META). Captivating the attention of astute investors, this trio showcases impressive activity, each unveiling a unique narrative that speaks volumes about the current sentiment in the market.

Hawaiian Holdings Inc (HA)

The spotlight gleams brightly on Hawaiian Holdings Inc today as 31,546 contracts have crossed the tape, mirroring roughly 3.2 million underlying shares. This flurry of activity amounts to a staggering 368.8% of HA’s typical daily trade volume over the past month. Notably, the $7 strike put option expiring in December 2024 has seen significant traction, with 8,709 contracts changing hands, symbolizing around 870,900 shares. The history of HA’s trading performance over the past year is graphically depicted below, with the $7 strike notably emblazoned in a vivid orange hue.

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Netflix Inc (NFLX)

Meanwhile, the stage is set for Netflix Inc, where options activity has reached a noteworthy 96,014 contracts thus far. This figure equates to approximately 9.6 million underlying shares, painting a picture of robust engagement that amounts to 270.7% of NFLX’s average daily trading volume over the past month. In particular, the $700 strike call option expiring in August 2024 has garnered immense interest, with 6,310 contracts transacted today, representing about 631,000 shares of NFLX. The chart below illustrates NFLX’s trading voyage over the last year, with the $700 strike shining brilliantly in orange.

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Meta Platforms Inc (META)

Amidst this options frenzy, Meta Platforms Inc stands tall, boasting a trading volume of 316,726 contracts, mirroring about 31.7 million underlying shares or approximately 231.4% of META’s average daily trading volume over the past month. The $485 strike call option set to expire in July 2024 has captured a sizable share of the limelight, with 16,217 contracts traded today, representing close to 1.6 million shares of META. The chart below frames META’s trading journey over the prior year, with the $485 strike shining vividly in orange.

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Loading chart - 2024 TickerTech.com

Exploring Options Further

For a comprehensive look at the array of available expirations for HA, NFLX, or META options, enthusiasts can delve deeper into the realm of possibilities at StockOptionsChannel.com.