Significant Wednesday Options Activity for GME, CYTK, and AI

Published On: November 20, 2024 7:34 pm

GameStop, Cytokinetics, and C3.ai See Surge in Options Trading

Today, the options market is buzzing, particularly for GameStop Corp (Symbol: GME), Cytokinetics Inc (Symbol: CYTK), and C3.ai Inc (Symbol: AI). Let’s explore the trading volumes surrounding these companies.

GameStop Corp (GME) Options Activity

In the Russell 3000 index, GameStop experienced strong options trading activity today, with a total of 360,884 contracts traded. This translates to around 36.1 million underlying shares, representing an impressive 342.8% of GME’s average daily trading volume of 10.5 million shares over the past month. A notable spike occurred with the $30 strike call option expiring on November 22, 2024, where 47,751 contracts changed hands, accounting for approximately 4.8 million underlying shares. Below is a chart showcasing GME’s trading history over the past twelve months, with the $30 strike highlighted in orange:

GameStop Trading Chart

Cytokinetics Inc (CYTK) Keeps Investors Engaged

Options trading for Cytokinetics also showed significant activity, with 21,082 contracts traded today. This equates to about 2.1 million underlying shares, a substantial 167.7% of its average daily trading volume of 1.3 million shares over the last month. The $75 strike call option set to expire on January 17, 2025, gained particular attention, recording 16,319 contracts traded, or approximately 1.6 million underlying shares. Here’s a chart illustrating CYTK’s trading history, highlighting the $75 strike in orange:

Cytokinetics Trading Chart

C3.ai Inc (AI) Options Show Strong Volume

C3.ai’s options trading was equally notable, showing a volume of 67,025 contracts today. This figure represents around 6.7 million underlying shares, which is 159.8% of AI’s average daily trading volume of 4.2 million shares in the past month. The $30 strike call option, expiring on January 16, 2026, saw significant interest, with 6,569 contracts traded, representing about 656,900 underlying shares. Below is a chart displaying AI’s trading performance over the last twelve months, with the $30 strike marked in orange:

C3.ai Trading Chart