Significant Monday Options Movement: FSLR, UBER, GEV

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First Solar Inc (FSLR) experienced significant trading activity on October 10, 2023, with a total of 10,698 option contracts traded, representing approximately 1.1 million underlying shares. This volume accounts for 60.2% of FSLR’s average daily trading volume of 1.8 million shares over the past month. Notably, high volume was recorded for the $340 strike call option expiring June 17, 2027, with 1,979 contracts trading, equivalent to around 197,900 underlying shares.

Uber Technologies Inc (UBER) also saw considerable options trading, with 108,986 contracts exchanged, translating to about 10.9 million underlying shares, or 56.8% of its average daily volume of 19.2 million shares. The most active option was the $55 strike put expiring August 28, 2026, with 13,047 contracts traded, representing approximately 1.3 million shares.

GE Vernova Inc (GEV) had 15,944 contracts traded today, amounting to roughly 1.6 million underlying shares, which is about 54.5% of its average daily volume of 2.9 million shares. A particularly active option was the $765 strike put expiring September 4, 2026, with 1,065 contracts traded, corresponding to around 106,500 shares.

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