On a rather lively Monday, the stock market experienced some remarkable options trading volumes for various companies. Let’s delve into the highlights of the day:
Chipotle Mexican Grill Inc (CMG)
In the realm of Chipotle Mexican Grill Inc (CMG), a substantial options trading volume caught the attention of many. Today, a total of 3,235 contracts have been exchanged, equivalent to around 323,500 underlying shares. This surge represents roughly 120.4% of CMG’s average daily trading volume over the past month, depicting a vigorous session for the fast-food giant.
The $2820 strike put option expiring on April 12, 2024, stood out with 106 contracts traded, signifying approximately 10,600 underlying shares of CMG. Investor interest in this particular option signifies a potentially volatile period ahead for the stock. The chart below illustrates CMG’s trading history, with the $2820 strike highlighted for emphasis:
NVIDIA Corp (NVDA)
NVIDIA Corp (NVDA) also witnessed an intense options trading day, with a total volume of 605,921 contracts, representing approximately 60.6 million underlying shares. This figure amounts to approximately 106% of NVDA’s average daily trading volume over the past month, highlighting a flurry of activity in the graphics processing giant.
The $900 strike call option expiring on April 12, 2024, attracted significant attention, with 27,141 contracts exchanged, reflecting around 2.7 million underlying shares of NVDA. The heightened interest in this call option suggests a bullish sentiment among investors. The chart below outlines NVDA’s trading history, accentuating the significance of the $900 strike:
Kratos Defense & Security Solutions, Inc. (KTOS)
Meanwhile, at Kratos Defense & Security Solutions, Inc. (KTOS), options trading reflected a volume of 10,229 contracts today, equivalent to approximately 1.0 million underlying shares. This substantial figure represents 98.7% of KTOS’s average daily trading volume over the past month, showcasing a particularly active day for the defense and aerospace company.
The $20 strike call option expiring on July 19, 2024, saw robust activity, with 5,300 contracts traded, symbolizing around 530,000 underlying shares of KTOS. The interest in this call option points towards potential optimism regarding the company’s future performance. The chart below provides a visual representation of KTOS’s trading history, highlighting the impact of the $20 strike:
For further insights into the diverse range of expirations for CMG, NVDA, or KTOS options, investors can explore StockOptionsChannel.com for additional information and analysis regarding potential investment opportunities.
