Unveiling Unprecedented Option Surge: Tesla Inc, Costco Wholesale Corp, Netflix IncImpact of Noteworthy Wednesday Option Activity

By: Alex Freidmen

Revolutionary Stock Options Trading Volumes

The trading floor was ablaze on Wall Street today as Tesla Inc (Symbol: TSLA) defied the odds with a staggering 1.2 million contracts exchanged, a number that translates to a whopping 122.9 million underlying shares. This surge amounts to approximately 158.2% of TSLA’s average daily trading volume over the last month, painting a vivid picture of the unprecedented investor enthusiasm for the company. The captivating dance of the market caught onlookers’ eyes, with the particularly high volume of the $225 strike call option expiring on September 13, 2024, standing out in a sea of figures and charts, with 89,997 contracts traded equating to around 9.0 million underlying shares of Tesla Inc. The market history of TSLA remains a tale of unpredictability, with the $225 strike shining bright in orange on the economic canvas.

Graph of TSLA's twelve month trading history

Celestial Options Trading Figures

Meanwhile, in a parallel universe of trading, Costco Wholesale Corp (Symbol: COST) witnessed its own share of the spectacle. With a volume of 25,134 contracts shifting hands, equivalent to around 2.5 million underlying shares, or a mesmerizing 154% of COST’s average daily trading volume in the past month. Among the stars, shone bright the $890 strike call option, expiring on September 13, 2024, with 1,323 contracts traded, mirroring approximately 132,300 underlying shares of Costco Wholesale Corp. The market history of COST unfolds like an epic saga, with the $890 strike illuminating the economic galaxy in a radiant orange hue.

Graph of COST's twelve month trading history

Enthralling Options Trading Symphony

As the trading day crescendoed, Netflix Inc (Symbol: NFLX) took center stage, boasting options trading volumes of 42,285 contracts. This figure translates to approximately 4.2 million underlying shares – a substantial 152.6% of NFLX’s average daily trading volume over the past month. Amidst the grandeur, the $600 strike put option expiring on September 20, 2024, emerged as a prominent player, with 3,134 contracts traded, symbolizing roughly 313,400 underlying shares of Netflix Inc. The market’s footsteps leave an indelible mark on the walls of financial history, with the $600 strike casting a bold, orange shadow across Netflix Inc’s trading odyssey.

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Graph of NFLX's twelve month trading history

Exploring Further

For a deeper dive into the myriad expirations for TSLA, COST, or NFLX options, eager investors are encouraged to visit StockOptionsChannel.com for a closer look into the evolving landscape of financial opportunities.