Unveiling Unconventional Moves
Today’s options trading activity in select S&P 500 index entities stands out as particularly notable. Tesla Inc (TSLA) has seen a surge, with a total volume of 1.0 million contracts traded, equivalent to about 100.5 million underlying shares. It’s a staggering 135.3% of Tesla’s usual average daily trading volume over the past month, painting a picture of intense market interest. The standout of the day? The $170 strike put option expiring June 07, 2024, with a whopping 83,509 contracts exchanged so far. This translates to approximately 8.4 million underlying TSLA shares, creating waves in the stock market sea.
Charting Unusual Territory
Lululemon athletica inc (LULU) is not far behind, with options trading volume reaching 23,036 contracts, representing approximately 2.3 million underlying shares. This translates to around 89.2% of LULU’s average daily trading volume over the past month, indicating a significant deviation from the norm. The standout for LULU today is the $300 strike put option expiring June 07, 2024, with 1,681 contracts traded, equivalent to approximately 168,100 underlying shares, further shaking up the market scenario.
Navigating Unprecedented Waters
FedEx Corp (FDX) is also witnessing an uncommon options trading volume, with 11,285 contracts exchanged, representing about 1.1 million underlying shares. This volume accounts for roughly 85.1% of FDX’s average daily trading volume over the past month, indicating a deviation from the usual market behavior. The prominent option for FDX today is the $250 strike put option expiring on June 07, 2024, with 817 contracts traded so far, equaling approximately 81,700 underlying FDX shares. The market is witnessing turbulent seas.
Exploring Additional Insights
For more information on various available expirations for TSLA, LULU, or FDX options, visit StockOptionsChannel.com.
Today’s Most Active Call & Put Options of the S&P 500 »
Additional Resources
Utilities Stocks Hedge Funds Are Selling
Funds Holding YUME
Institutional Holders of PCM
