Chipotle’s Spicy Market Moves
Chipotle Mexican Grill Inc (CMG) stirred the pot in today’s trading session with a surge in options trading. The total of 4,552 contracts exchanging hands represents approximately 455,200 underlying shares, well beyond the company’s average daily trading volume for the past month. Notably, the $2575 strike put option expiring March 01, 2024, took the spotlight with 435 contracts traded, equivalent to about 43,500 shares of CMG. This spike is visually depicted in the trading history chart shown below.
Costco’s Wholesale Options Buzz
Meanwhile, Costco Wholesale Corp (COST) encountered a brisk flurry of options activity. With 23,787 contracts traded, representing approximately 2.4 million underlying shares, the volume amounted to a significant proportion of the company’s average daily trading volume for the past month. Highlighting this surge was the $750 strike call option expiring March 01, 2024, with 1,059 contracts in play, signifying roughly 105,900 shares of COST. The impact of this uptick is evident in the detailed trading history chart provided.
Meta’s Metamorphosis in Options Trading
Venturing into the tech realm, Meta Platforms Inc (META) witnessed a surge in options volume. A staggering 278,200 contracts have been traded, translating to approximately 27.8 million underlying shares – a substantial 118.7% of META’s average daily trading volume over the past month. Noteworthy within this activity was the $500 strike call option expiring March 01, 2024, which saw 31,727 contracts traded, reflecting roughly 3.2 million shares of META. The evolution of this trading frenzy can be observed in the historical trading chart provided below.
Exploring Options Further
For more insights related to various expiration options available for CMG, COST, or META, interested investors can explore StockOptionsChannel.com.
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The author’s views and opinions presented here do not necessarily align with those of Nasdaq, Inc.
