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Exploring Notable Tuesday Option Activity in the Stock Market Exploring Notable Tuesday Option Activity in the Stock Market


Chipotle Mexican Grill Inc (CMG)

Today, within the S&P 500 index, the spotlight shines on Chipotle Mexican Grill Inc (CMG) with substantial options trading volume. A total of 4,689 contracts have exchanged hands thus far, indicating the trading of approximately 468,900 underlying shares. This figure represents a staggering 165.5% of CMG’s average daily trading volume over the past month, standing at 283,350 shares.

The $2750 strike put option expiring on June 21, 2024, has witnessed particularly heightened activity, with 425 contracts changing hands, representing around 42,500 underlying shares of CMG. For investors observing, a visual depiction of CMG’s trailing twelve-month trading history can be observed below, with the $2750 strike highlighted in vivid orange:

Loading chart — 2024 TickerTech.com

Netflix Inc (NFLX)

Turning our attention to Netflix Inc (NFLX), today demonstrated robust options trading volume, with 38,455 contracts traded. This volume signifies approximately 3.8 million underlying shares, roughly 145% of NFLX’s average daily trading volume over the past month, which stands at 2.7 million shares.

Of particular note is the $500 strike put option expiring on April 19, 2024, which experienced substantial interest with 1,342 contracts traded, representing around 134,200 underlying shares of NFLX. A graphical portrayal of NFLX’s twelve-month trading history is displayed below, with the $500 strike depicted in striking orange:

Loading chart — 2024 TickerTech.com

NVIDIA Corp (NVDA)

Lastly, NVIDIA Corp (NVDA) also makes a splash in options trading today, with a recorded volume of 488,717 contracts. This substantial number of contracts equates to approximately 48.9 million underlying shares, a noteworthy 102% of NVDA’s average daily trading volume over the past month, standing at 47.9 million shares.

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The $900 strike call option expiring on April 19, 2024, stands out with elevated activity – 25,841 contracts have been traded so far, reflecting roughly 2.6 million underlying shares of NVDA. A graphical representation of NVDA’s twelve-month trading history can be viewed below, with the $900 strike highlighted in a vibrant shade of orange:

Loading chart — 2024 TickerTech.com

For additional insights into the available expirations for CMG, NFLX, or NVDA options, investors are encouraged to explore StockOptionsChannel.com.


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