Significant Monday Options Movement: AMC, GOOG, ASO

Updated On: December 9, 2024 9:57 pm

Market Update: AMC, Alphabet, and Academy Sports See High Options Trading Volume

AMC Entertainment Leads with Significant Trading Activity

Among the components of the Russell 3000 index today, AMC Entertainment Holdings Inc. (Symbol: AMC) stood out with impressive options trading activity. A total of 151,424 contracts have changed hands, which corresponds to approximately 15.1 million underlying shares. This figure represents about 86.9% of AMC’s average daily trading volume over the past month, which was 17.4 million shares. Notably, the $5 strike call option set to expire on December 13, 2024, attracted particular interest, with 16,693 contracts traded today, accounting for approximately 1.7 million underlying shares. Below is a chart depicting AMC’s recent trading history:

AMC Trading Chart

Alphabet Inc. Sees Solid Options Activity

Options for Alphabet Inc. (Symbol: GOOG) also showed notable trading volume, reaching 144,134 contracts today. This translates to about 14.4 million underlying shares, which is around 83.2% of GOOG’s average daily trading volume of 17.3 million shares over the past month. The $160 strike put option expiring on January 17, 2025, drew substantial attention, with 19,646 contracts traded today, representing approximately 2.0 million underlying shares. The chart below illustrates GOOG’s trading trends:

GOOG Trading Chart

Academy Sports & Outdoors Shows Steady Volume

In addition, Academy Sports & Outdoors Inc. (Symbol: ASO) has seen options trading volume of 12,776 contracts today, equating to around 1.3 million underlying shares. This volume represents about 81.8% of ASO’s average daily trading of 1.6 million shares over the past month. The $50 strike put option, also set to expire on December 13, 2024, recorded 2,354 contracts traded today, which is approximately 235,400 underlying shares. The following chart provides a look at ASO’s trading history:

ASO Trading Chart