HomeMarket NewsUnusual Option Activity: A Deep Dive into SMAR, JPM, UPST

Unusual Option Activity: A Deep Dive into SMAR, JPM, UPST

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SmartSheet Inc (SMAR): Bulls Stampede into Uncharted Territory

Venturing boldly into uncharted waters, today saw a surge in options trading volume for SmartSheet Inc (SMAR), with a staggering 17,896 contracts changing hands. This frenetic activity translates into approximately 1.8 million underlying shares – a number that commands awe, representing a towering 82.1% of SMAR’s typical daily trading volume over the past month. Notably, the $50 strike call option expiring on October 18, 2024, witnessed a whirlwind of 5,384 contracts, equivalent to about 538,400 underlying shares, akin to a feisty bull charging through the stock market arena.

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JPMorgan Chase & Co (JPM): A Tsunami of Options Activity Sweeps In

In the tumultuous sea of the stock market, JPMorgan Chase & Co (JPM) witnessed a veritable tsunami of options trading volume today, with 79,495 contracts being exchanged. This torrential activity amounts to approximately 7.9 million underlying shares or roughly 80.1% of JPM’s average daily trading volume over the past month, a figure so colossal it looms large in the minds of investors. Of particular note, the $222.50 strike call option expiring on October 18, 2024, stood out with a remarkable 13,728 contracts traded, representing around 1.4 million underlying shares akin to a financial gale sweeping across Wall Street.

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Upstart Holdings Inc (UPST): Rockets of Optimism Blast Off

Amidst the backdrop of market volatility, options trading for Upstart Holdings Inc (UPST) soared to new heights today, with a striking 58,653 contracts being traded. This astronomical figure corresponds to roughly 5.9 million underlying shares, making up a substantial 79.3% of UPST’s average daily trading volume over the past month, painting a vivid picture of optimism amongst investors. The $40 strike call option expiring on September 27, 2024, experienced a surge in activity with 11,919 contracts traded, representing approximately 1.2 million underlying shares akin to a rocket ship blasting off into the financial stratosphere.

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For a comprehensive overview of available expirations for SMAR options, JPM options, or UPST options, discerning investors rely on StockOptionsChannel.com for navigating the intricate currents of the stock market.

Further Reading:

• When it comes to Preferred Stock ETFs, what’s the lowdown? Dive into the world of ALBT shares outstanding history. Explore BF Dividend History for deeper insights.

Offering a unique perspective, the views and opinions expressed herein are those of the author, sparking thoughtful discourse that may not always align with the prevailing winds of Nasdaq, Inc.

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