Unusual Options Activity in Major Russell 3000 Stocks
Strong Trading Volumes Highlight Key Movements in NFLX, CE, and COST
Today, Netflix Inc (Symbol: NFLX) has seen significant options trading activity. A total of 173,980 contracts were traded, reflecting about 17.4 million underlying shares, since each contract represents 100 shares. This trading volume is an impressive 597.1% above NFLX’s average daily volume of 2.9 million shares for the past month. The $870 strike call option, expiring on November 22, 2024, has attracted particular attention, with 10,785 contracts traded, equating to roughly 1.1 million underlying shares. Below is a chart displaying NFLX’s trading history over the last twelve months, with the $870 strike highlighted in orange:
Celanese Corp (Symbol: CE) options are also showing notable activity, with a current volume of 46,955 contracts traded, representing approximately 4.7 million underlying shares. This volume equates to 188.6% of CE’s average daily trading volume of 2.5 million shares in the past month. The $70 strike put option expiring on January 17, 2025, has recorded high activity, with 22,940 contracts trading, which corresponds to around 2.3 million underlying shares. Here’s a chart reflecting CE’s trading history over the last twelve months, with the $70 strike marked in orange:
Meanwhile, Costco Wholesale Corp (Symbol: COST) is witnessing a volume of 23,546 options contracts, which translates to about 2.4 million underlying shares. This figure represents 130.2% of COST’s average daily trading volume of 1.8 million shares over the past month. The $950 strike call option, set to expire on November 22, 2024, has seen 1,887 contracts traded, representing roughly 188,700 underlying shares. Below is the chart showing COST’s trading activity over the last twelve months, with the $950 strike emphasized in orange:
For further information on available expirations for NFLX, CE, or COST options, visit StockOptionsChannel.com.
Today’s Most Active Call & Put Options of the S&P 500 »
Also see:
- ZBRA Insider Buying
- Top Ten Hedge Funds Holding AUY
- CHMA Price Target
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
