Significant Midweek Options Trading: CRWD, FSLR, ELF

On October 4, 2023, CrowdStrike Holdings Inc (CRWD) reported a significant trading volume of 23,469 options contracts, equating to approximately 2.3 million underlying shares, which is 59.9% of its average daily trading volume of 3.9 million shares. Notably, the $600 strike put option, expiring June 12, 2026, accounted for 911 contracts traded, representing around 91,100 underlying shares.

First Solar Inc (FSLR) also had substantial activity with 17,582 contracts traded today, or 1.8 million underlying shares, representing 57.8% of its 3.0 million average daily volume. The $250 strike put option set to expire on January 21, 2028, saw 2,000 contracts traded, amounting to 200,000 underlying shares.

Additionally, e.l.f. Beauty Inc (ELF) saw 23,854 contracts traded, representing approximately 2.4 million underlying shares, or 50.9% of its 4.7 million average daily volume. The $70 strike call option expiring June 18, 2026, had the highest volume with 5,502 contracts, translating to around 550,200 underlying shares.