Netflix Inc (NFLX)
Among the components of the Russell 3000 index, Netflix Inc (NFLX) saw exceptional options trading activity today. The total volume of 124,744 contracts is equivalent to about 12.5 million underlying shares. This surge, comprising 309.5% of NFLX’s average daily trading volume over the past month, is certainly eye-catching. Of particular interest is the high volume for the $550 strike put option expiring on April 26, 2024, with 8,930 contracts traded, representing approximately 893,000 underlying shares. Could this surge signify a momentum shift in the stock’s trajectory?
The visual representation of NFLX’s trailing twelve-month trading history, with the highlighted $550 strike in orange, paints a compelling picture of the recent market activity.
NVIDIA Corp (NVDA)
NVIDIA Corp (NVDA) also experienced a surge in options trading, with a volume of 1.0 million contracts traded today, equivalent to around 104.8 million underlying shares. This spike, representing 221.1% of NVDA’s average daily trading volume over the past month, cannot be ignored. Notably, the $820 strike call option expiring on April 26, 2024, recorded a significant volume of 40,884 contracts traded, indicating approximately 4.1 million underlying shares of NVDA in play. Will this heightened activity lead to substantial market movements?
Delving into NVDA’s trailing twelve-month trading history, the emphasis on the $820 strike provides valuable insights into recent market trends.
Reliance Inc (RS)
Reliance Inc (RS) also witnessed a notable increase in options trading activity today, with 3,742 contracts traded, equivalent to approximately 374,200 underlying shares. This surge amounts to 195.7% of RS’s average daily trading volume over the past month, indicating heightened market interest. The $300 strike put option expiring on May 17, 2024, with 1,596 contracts traded, representing about 159,600 underlying shares of RS, stood out for its significant volume. Could this heightened activity indicate a shift in sentiment towards RS?
By examining RS’s trailing twelve-month trading history, focusing on the $300 strike, investors can gain valuable perspectives on recent market dynamics.
