Microsoft Corporation’s Options Surge
Looking at options trading among components of the illustrious Russell 3000 index, Microsoft Corporation (MSFT) stands out as a beacon of activity today. With a total volume of 203,679 contracts changing hands, equivalent to around 20.4 million underlying shares, the tech giant is ablaze. This intense activity represents a staggering 99.4% of MSFT’s average daily trading volume over the past month. The $425 strike call option, expiring on May 17, 2024, saw a particularly hot demand, with 29,627 contracts traded so far today, reflecting roughly 3.0 million underlying shares of MSFT. The chart below portrays MSFT’s trading history over the past twelve months, with the $425 strike standing out like a blazing comet in orange hues:
The Sizzling Trajectory of Beyond Meat Inc
Beyond Meat Inc. (BYND) is not one to be left behind, with options trading ticking at 32,280 contracts today. This translates to approximately 3.2 million underlying shares, capturing a whopping 87.8% of BYND’s average daily trading volume over the past month. The $10 strike call option expiring on June 21, 2024, is on a fast track, with 6,747 contracts already traded today representing roughly 674,700 underlying shares of BYND. Feast your eyes on the chart displaying BYND’s journey over the past year, with the $10 strike gleaming in luminous orange:
The Fierce Moves of GEO Group Inc
GEO Group Inc. (GEO) saw a storm of options trading today, with 21,258 contracts in action, representing about 2.1 million underlying shares. This surge captures approximately 85.5% of GEO’s average daily trading volume over the past month. The $12 strike put option expiring on June 21, 2024, is in the eye of the storm, with 6,002 contracts traded today, reflecting around 600,200 underlying shares of GEO. Delve into GEO’s trading history visualized below, with the $12 strike shining like a lighthouse in a tumultuous sea:
Seeking Further Insights
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