Surge in Options Trading: Insights from Madrigal, Wendy’s, and Marathon Digital
Madrigal Pharmaceuticals Sees High Volume in Options Trading
Among the stocks in the Russell 3000 index, Madrigal Pharmaceuticals Inc (Symbol: MDGL) is making headlines due to substantial options trading activity. Today, 2,389 contracts have changed hands, translating to about 238,900 underlying shares. This figure represents approximately 82.8% of MDGL’s average daily trading volume of 288,685 shares over the past month. The $310 strike call option, which expires on January 17, 2025, has attracted particular interest, with 1,171 contracts traded so far, equating to roughly 117,100 underlying shares. Below is a chart showcasing MDGL’s trading history over the past twelve months, with the $310 strike highlighted in orange:
Wendy’s Options Volume Reflects Market Activity
Wendy’s Co (Symbol: WEN) is also experiencing a flurry of options trading, with 33,368 contracts exchanged. This amounts to around 3.3 million underlying shares, or about 81% of WEN’s usual daily trading volume of 4.1 million shares over the preceding month. Notably, the $18 strike put option set to expire on December 20, 2024, has seen impressive activity, with 27,457 contracts traded today, indicating approximately 2.7 million underlying shares. The following chart displays WEN’s trading history for the last year, highlighting the $18 strike in orange:
Marathon Digital Holdings: A Surge in Contract Activity
Marathon Digital Holdings Inc (Symbol: MARA) is witnessing an impressive volume of 335,376 options contracts today. This equates to approximately 33.5 million underlying shares, making up about 79.6% of MARA’s average daily trading volume of 42.1 million shares over the last month. Of particular note is the $18 strike call option expiring on November 01, 2024, with 28,084 contracts traded thus far, corresponding to around 2.8 million underlying shares. Below is the chart illustrating MARA’s trading performance over the past twelve months, with the $18 strike highlighted in orange:
For more information on the various available expirations for options on MDGL, WEN, or MARA, you can visit StockOptionsChannel.com.
Today’s Most Active Call & Put Options of the S&P 500 »
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
