Options Trading Highlights: Enfusion, IBM, and General Motors Surge
Enfusion Inc. Sees Spike in Trading Activity
Among the components of the Russell 3000 index, Enfusion Inc (Symbol: ENFN) experienced significant options trading today. A total of 5,219 contracts have exchanged hands so far, which equates to roughly 521,900 underlying shares. This volume represents about 49% of ENFN’s average daily trading volume over the past month, which stands at 1.1 million shares. Notably, the $10 strike call option expiring on January 17, 2025, led the activity with all 5,219 contracts traded. Below is a chart displaying ENFN’s trailing twelve-month trading history, highlighting the $10 strike in orange:
IBM Options Volume Surprisingly High
International Business Machines Corp (Symbol: IBM) reported an options volume of 17,082 contracts thus far today. This figure represents approximately 1.7 million underlying shares, which is about 48.4% of IBM’s average daily trading volume over the past month, recorded at 3.5 million shares. The $225 strike call option, set to expire on January 24, 2025, garnered attention with 2,566 contracts traded today, translating to about 256,600 underlying shares. Below is a chart showing IBM’s trailing twelve-month trading history, with the $225 strike highlighted in orange:
General Motors Rounds Out a Busy Day
General Motors Co (Symbol: GM) has encountered even higher options trading, with 42,237 contracts exchanged to date. This volume accounts for approximately 4.2 million underlying shares, which is about 47.5% of GM’s average daily trading volume of 8.9 million shares over the past month. A standout was the $55 strike call option, expiring on February 7, 2025, with 4,006 contracts traded, representing about 400,600 underlying shares. Below is the chart depicting GM’s trailing twelve-month trading history, emphasizing the $55 strike in orange:
For further details on the various expirations available for ENFN, IBM, or GM options, visit StockOptionsChannel.com.
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The views expressed in this article are those of the author and do not necessarily represent the views of Nasdaq, Inc.
