The whipping post

Exhilarating Friday Options Buzz: META, TSLA, NFLX

Meta Platforms Inc (META)

Bucks are flying around META today like it’s a reunion of Scrooge’s long-lost gold coins. A jaw-dropping 351,696 contracts have already changed hands, embodying a mega 35.2 million underlying shares – talk about a torrential downpour. This deluge constitutes a staggering 281% surge over META’s usual daily trading volume, as 12.5 million shares typically bob around in its trading pool. The $585 strike put option, set to expire on October 4, 2024, has charged to the forefront with 36,921 contracts traded thus far – that’s around 3.7 million shares of META in lively motion. Witness the epic tale of META’s past year’s trading in the image below – with the $585 strike painted in an eye-catching shade of orange.

Loading chart — 2024 TickerTech.com

Tesla Inc (TSLA)

Tesla appears to have caught the options fever too, with a whopping 2.0 million contracts traversing the trading floor. That massive number encapsulates a staggering 195.7 million underlying shares, bloating 245.2% above TSLA’s ordinary daily trading volume for the past month, which is about 79.8 million shares. The $250 strike call option expiring on October 4, 2024, has hustled its way to the top, with 262,540 contracts blazing the trail – a frenzy that accounts for around 26.3 million underlying shares of TSLA. Behold the rollercoaster of TSLA’s bygone year in the image below – with the $250 strike glowing in flamboyant orange.

Loading chart — 2024 TickerTech.com

Netflix Inc (NFLX)

NFLX brings its own spicy flavor to the options fiesta, with a grand total of 58,961 contracts parading through the market landscape today. These contracts represent about 5.9 million underlying shares, a robust 221.8% leap over NFLX’s regular daily trading volume in the past month – an average of 2.7 million shares. The $720 strike call option set to expire on October 4, 2024, takes the lead, with 4,607 contracts strutting their stuff today – equaling approximately 460,700 underlying shares of NFLX. Feast your eyes on NFLX’s whirlwind trading journey of the last twelve months in the image below – with the $720 strike shimmering in a radiant orange hue.

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Loading chart — 2024 TickerTech.com

For a peek into the plethora of available expirations for META, TSLA, or NFLX options, dive into the depths of StockOptionsChannel.com.