Netflix Inc (NFLX)
Netflix Inc (NFLX) caught the eye of investors in the options market on Thursday, with a surge in trading volume. Noteworthy activity centered around the $620 strike call option expiring on March 15, 2024, where 89,953 contracts exchanged hands. This represents approximately 9.0 million shares, a substantial 271% uptick from NFLX’s month’s average volume. The high interest in the $620 strike call options is depicted in the chart below, with the strike highlighted in vibrant orange.
NVIDIA Corp (NVDA)
NVIDIA Corp (NVDA) also found itself in the midst of robust options trading, with 1.4 million contracts traded, equivalent to around 139.4 million shares. The volume represented a remarkable 227.9% of NVDA’s average daily trading volume over the last month. The spotlight was on the $900 strike call option expiring on March 15, 2024, with 92,214 contracts traded, translating to approximately 9.2 million shares of NVDA. The trading history in relation to the $900 strike is vividly portrayed in the chart below.
Under Armour Inc (UAA)
Under Armour Inc (UAA) witnessed an influx of options trading activities today, with 80,096 contracts transacted, representing approximately 8.0 million shares. This volume constituted a significant 140.1% of UAA’s average daily trading volume over the past month. Notably, the $7.50 strike put option expiring on September 20, 2024, stole the show with 54,254 contracts traded, roughly equivalent to 5.4 million underlying shares of UAA. The historical data tied to the $7.50 strike is visually displayed below.
Exploring Options
For a more in-depth analysis of various available expirations for NFLX, NVDA, and UAA options, investors can visit StockOptionsChannel.com for detailed insights. The surge in options trading indicates heightened investor interest in these stocks, potentially signaling significant market movements in the days ahead.
