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Wall Street Buzz: Unusual Options Activity for Leading Companies

Charter Communications Inc (CHTR)

Today, the S&P 500 index experienced remarkable options trading volume in Charter Communications Inc (Symbol: CHTR). A total of 23,816 contracts have been traded, equivalent to about 2.4 million underlying shares—a substantial 135% surge compared to CHTR’s average daily trading volume over the past month. Notably, the $285 strike put option expiring on March 28, 2024, stole the show with 12,092 contracts traded, representing around 1.2 million underlying shares of CHTR. Investors have their eyes glued to the $285 strike with anticipation and hope. The trading history of CHTR over the past twelve months is illustrated in the chart below, with the $285 strike shining brightly in orange:

Loading chart—2024 TickerTech.com

Micron Technology Inc. (MU)

Micron Technology Inc. (Symbol: MU) is not far behind in the options frenzy. With a volume of 160,561 contracts traded so far today—equivalent to a whopping 16.1 million underlying shares—the activity represents a notable 85.4% of MU’s average daily trading volume over the past month of 18.8 million shares. The $100 strike call option expiring on May 17, 2024, had significant interest with 7,474 contracts traded, approximately representing 747,400 underlying shares of MU. The graphical representation of MU’s trading history highlights the $100 strike in vibrant orange:

Loading chart—2024 TickerTech.com

Advanced Micro Devices Inc (AMD)

Meanwhile, Advanced Micro Devices Inc (Symbol: AMD) is also witnessing a surge in options trading with 470,530 contracts traded, representing around 47.1 million underlying shares. This frenzy accounts for a noteworthy 62.3% of AMD’s average daily trading volume over the past month of 75.6 million shares. The $180 strike call option expiring on March 22, 2024, attracted substantial attention with 27,531 contracts traded, approximately equivalent to 2.8 million underlying shares of AMD. The $180 strike shines radiantly orange in the visual representation of AMD’s trading history below:

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Loading chart—2024 TickerTech.com

For comprehensive information on available expirations for CHTR, MU, or AMD options, investors can visit StockOptionsChannel.com.

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