If you are looking for a sign of market interest, look no further than the notable options trading activity on Thursday. Specifically, Live Nation Entertainment Inc (LYV), ServiceNow Inc (NOW), and Marvell Technology Inc (MRVL) are all taking center stage.
Option Activity Breakdown
Today, Live Nation Entertainment Inc (LYV) saw a total of 10,285 contracts traded, which represents around 1.0 million underlying shares. This volume amounts to approximately 47.4% of LYV’s average daily trading volume over the past month.
On the other hand, ServiceNow Inc (NOW) options were also in the spotlight with a volume of 6,436 contracts traded so far, representing around 643,600 underlying shares. This substantial figure worked out to be roughly 46.8% of NOW’s average daily trading volume over the past month.
Not to be outdone, Marvell Technology Inc (MRVL) options were also making waves as 62,707 contracts were traded, representing approximately 6.3 million underlying shares. This amounted to about 46.5% of MRVL’s average daily trading volume over the past month.
Strike Option Highlights
Particularly high volume was seen for the $75 strike put option expiring June 21, 2024, with 1,250 contracts traded for LYV. For NOW, the $870 strike call option expiring March 15, 2024, caught significant attention with 577 contracts traded. As for MRVL, the $75 strike call option expiring April 19, 2024, saw remarkable activity with 7,094 contracts being traded.
These numbers and percentages are indeed substantial, signaling a robust response from the market.
Visualizing the Data
To visualize the trading history, a chart has been provided below for each company, highlighting the strike options mentioned. These visual representations offer a clear understanding of the market’s response to these particular options.
Looking Ahead
The market’s response to these options is an intriguing development and certainly worth tracking in the coming days. For further insights into the available expirations for LYV, NOW, or MRVL options, investors can visit StockOptionsChannel.com.
Also see:
GLW YTD Return
KBAL Options Chain
LNN Dividend History
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
