Advanced Micro Devices Inc (AMD)
Today witnessed a tidal wave of options trading in Advanced Micro Devices Inc (AMD), with a staggering 538,910 contracts changing hands, embodying about 53.9 million underlying shares. This seismic activity accounts for approximately 87.8% of AMD’s ordinary daily trading volume over the past month. The notable surge was especially pronounced in the $150 strike put option expiring on April 19, 2024. A total of 52,885 contracts buzzed around this option today, representing around 5.3 million underlying shares of AMD. This flurry made waves in the market, equivalent to a dynamo-powered whirlpool.
Below stands a revealing chart tracing AMD’s trading lineage over the trailing twelve months, with the $150 strike prominently in the twilight orange blaze of historical context.
Lam Research Corp (LRCX)
In tandem, Lam Research Corp (LRCX) experienced an upsurge in options activity, with 7,230 contracts traded so far today, implying about 723,000 underlying shares. This translates to a hefty 81.7% of LRCX’s typical daily trading volume over the previous month, which stood at 885,005 shares. The $880 strike put option expiring on April 19, 2024, attracted significant attention today, with 954 contracts circulating, representing roughly 95,400 underlying LRCX shares. The options market for LRCX was akin to a flourishing garden buzzing with bees on a spring day.
A visual depiction of LRCX’s trading journey over the past year is presented below, with the illustrious $880 strike shining in the bright orange spotlight of historical evaluation.
Wells Fargo & Co (WFC)
Lastly, Wells Fargo & Co (WFC) was not immune to the options fervor, recording a transaction volume of 120,059 contracts, representing about 12.0 million underlying shares or around 73.5% of WFC’s average daily trading activity over the preceding month, which was 16.3 million shares. The $60 strike call option expiring on April 19, 2024, drew substantial interest today, with 14,872 contracts in motion, symbolizing almost 1.5 million underlying shares of WFC. The trading sentiments surrounding WFC fluttered like a butterfly caught in a sudden gust of wind.
An illustrative chart depicting WFC’s market trail over the bygone twelve months is revealed below, showcasing the $60 strike standing out in the vivid amber hues of historical backdrop.
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