An Exciting Monday Start
Today’s options trading activity across top players of the Russell 3000 index is causing quite a stir, especially within the domains of Norfolk Southern Corp (Symbol: NSC). The surge is evident with a trading volume of 5,408 contracts exchanging hands, equivalent to approximately 540,800 underlying shares. This uptick marks a staggering 47% of NSC’s average daily trading volume over the past month, totaling 1.2 million shares.
The NSC Thrill
The focal point of this activity is the $260 strike call option set to expire on April 05, 2024. As of today, an impressive 2,024 contracts have been traded, representing around 202,400 underlying shares of NSC. This surge in volume has painted the trading history of Norfolk Southern Corp in vibrant shades of orange, showcasing the remarkable interest in this particular option.
The Carnival Atmosphere
Moving on to Carnival Corp (Symbol: CCL), the options trading volume has hit a remarkable 128,137 contracts, representing around 12.8 million underlying shares or about 45.3% of CCL’s average daily trading volume over the past month, which stands at 28.3 million shares.
The CCL Extravaganza
Of particular note is the $18 strike call option due to expire on April 19, 2024. A substantial 9,704 contracts have already exchanged hands today, translating to approximately 970,400 underlying shares of CCL. The trading history of Carnival Corp is now illuminated by the vibrant orange glow surrounding the $18 strike option, reflecting the heightened attention it is receiving.
Target Hospitality Corp Unveiled
Finally, turning our attention to Target Hospitality Corp (Symbol: TH), we witness options trading volume hitting 2,899 contracts, representing around 289,900 underlying shares or about 45.1% of TH’s average daily trading volume over the past month, which stood at 642,155 shares.
The TH Revelation
A surge of activity is seen in the $11 strike call option set to expire on April 19, 2024. A total of 713 contracts have already been traded today, reflecting roughly 71,300 underlying shares of TH. The trailing twelve month trading history of Target Hospitality Corp now boasts the radiant hue of orange, marking the increasing focus on the $11 strike option.
Getting into Details
For more information on the various expiration options available for NSC, CCL, or TH, visit StockOptionsChannel.com.
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The insights provided herein reflect the views and opinions of the author and do not necessarily mirror those of Nasdaq, Inc.
