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Unusual Tuesday Options Trading: Analyzing PLTR, PI, AMD

Palantir Technologies Inc (PLTR)

Today, within the depths of the Russell 3000 index, the options trading arena buzzed with fervor around Palantir Technologies Inc (PLTR). A remarkable 223,064 contracts have danced across the trading floor, equivalent to a staggering 22.3 million underlying shares. This seismic activity amounts to a lion’s share of 51.7% of PLTR’s average daily trading volume for the past month, a hefty 43.2 million shares. Notably, the $29 strike call option, set to expire on July 26, 2024, stole the spotlight with a thunderous 48,662 contracts traded today – symbolizing about 4.9 million underlying shares of PLTR. Investors were drawn to this particular option like bees to honey, provoking a visual feast in the form of a chart highlighting PLTR’s trading history over the past twelve months, vividly marking the $29 strike in a striking orange hue:

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Impinj Inc (PI)

Meanwhile, in the realm of Impinj Inc (PI), options trading saw a tamer volume of 1,530 contracts swirling around, denoting approximately 153,000 underlying shares or about 51.5% of PI’s average daily trading volume over the last month – standing at 297,095 shares. A specific point of interest emerged with the $160 strike put option, scheduled to expire on August 16, 2024, as it commanded attention with 733 contracts traded, implying around 73,300 underlying shares of PI. A visual depiction of PI’s historical trading voyage unveiled in a chart, accentuating the $160 strike in a dazzling orange display:

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Advanced Micro Devices Inc (AMD)

Within the kingdom of Advanced Micro Devices Inc (AMD), options trading took center stage with a whopping 264,377 contracts in play – representing approximately 26.4 million underlying shares, or a formidable 51.1% of AMD’s average daily trading volume over the previous month, standing at 51.8 million shares. The $160 strike call option, due to expire on July 26, 2024, stood out from the pack with 34,831 contracts traded, signifying about 3.5 million underlying shares of AMD. A visual narrative of AMD’s historical trading tale unfolded in a chart, underscoring the $160 strike with a vibrant orange hue:

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For a glimpse into the wealth of options expirations available for PLTR, PI, or AMD, curious minds are encouraged to visit StockOptionsChannel.com – a treasure trove of information for the intrepid investor.

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