Turbulent Trading in the Options Market
In the wild world of options trading within the S&P 500 index, the Friday market saw some eye-catching activity. NVIDIA Corp (Symbol: NVDA) experienced an extraordinary surge today with a total of 1.7 million contracts traded. This volume signifies a whopping 273.6% of NVDA’s average daily trading activity over the past month.
This standout movement was spurred by the substantial action on the $950 strike call option expiring March 22, 2024. A staggering 90,589 contracts were traded on this option, equating to about 9.1 million underlying shares of NVDA.
Netflix Inc (Symbol: NFLX) also witnessed heightened options action, with 58,176 contracts changing hands, representing around 185.6% of NFLX’s average daily trading volume. Not to be outdone, Microsoft Corporation (Symbol: MSFT) showcased robust options volume as well, with 168,109 contracts traded thus far.
A Closer Look at the Options Plays
The $630 strike call option expiring March 22, 2024, for NFLX, and the $425 strike put option expiring on the same date for MSFT, also attracted notable attention. Both contracts saw significant trading activity, adding to the lively options market on this eventful Friday.
Charting the Course of Trading History
Visual representations of the trading history for NVDA, NFLX, and MSFT are depicted below, highlighting the impact of the options plays on their respective stocks.
For the Discerning Trader
For those interested in delving further into the available expirations for NVDA, NFLX, or MSFT options, a visit to StockOptionsChannel.com could provide additional insights to navigate this unpredictable market terrain.
Today’s Most Active Call & Put Options of the S&P 500 »
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