Surge in Options Trading: Insights on Confluent, Planet Labs, and Thermo Fisher

Today’s trading activity in the options market reveals significant movements in the Russell 3000 index. Notable among these are Confluent Inc (Symbol: CFLT), Planet Labs PBC (Symbol: PL), and Thermo Fisher Scientific Inc (Symbol: TMO). Each company showcased high contract volumes, indicating investor interest.

Confluent Inc (CFLT) Sees Major Call Activity

Confluent Inc is experiencing a notable surge in options trading today. A total of 20,424 contracts have been exchanged, equating to about 2.0 million underlying shares. This impressive figure represents roughly 49.9% of CFLT’s average daily trading volume over the past month of 4.1 million shares. Many traders are focused on the $27 strike call option expiring on January 17, 2025, with 2,844 contracts traded, accounting for approximately 284,400 underlying shares. Below is a chart detailing CFLT’s trading history for the past twelve months, with the $27 strike highlighted in orange:

Planet Labs PBC (PL) Shows Strong Trading Volume

Planet Labs PBC is also seeing robust options trading activity, with 8,195 contracts traded today. This volume represents approximately 819,500 underlying shares, making up 49.3% of PL’s average daily trading volume, which is 1.7 million shares. The $5 strike call option expiring on December 20, 2024 has gained particular attention, with 2,455 contracts executed today, translating to around 245,500 underlying shares. Below is the twelve-month trading history for PL, with the $5 strike noted in orange:

Options Volume Rises for Thermo Fisher Scientific (TMO)

In the case of Thermo Fisher Scientific Inc, today’s options trading volume reached 6,984 contracts, equivalent to about 698,400 underlying shares. This volume constitutes 49.1% of TMO’s average daily trading volume of 1.4 million shares over the past month. The $565 strike call option set to expire on November 15, 2024 is seeing significant interest as well, with 1,946 contracts traded, representing around 194,600 underlying shares. A chart of TMO’s trading history over the past twelve months, with the $565 strike highlighted in orange, is shown below:

For those interested in exploring more options expirations for CFLT, PL, or TMO, please visit StockOptionsChannel.com.

Today’s Most Active Call & Put Options of the S&P 500 »

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• CYNI Historical Stock Prices

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