Surge in Options Trading for AMD, PLTR, and STX: Key Highlights

Advanced Micro Devices (AMD) Sees High Call Option Activity

Options trading within the S&P 500 index reveals significant movements today, particularly for Advanced Micro Devices Inc (Symbol: AMD). So far, 321,442 contracts have been traded, equating to about 32.1 million underlying shares. This figure represents 85.8% of AMD’s average daily trading volume for the past month, which stands at 37.5 million shares. Notably, the $139 strike call option, expiring November 22, 2024, has seen a high trading volume of 35,367 contracts, corresponding to approximately 3.5 million underlying shares. Below is a chart displaying AMD’s trading history over the last twelve months, with the $139 strike highlighted in orange:

Palantir Technologies (PLTR) Options Trading Activity

Palantir Technologies Inc (Symbol: PLTR) has recorded 542,997 contracts traded today, representing roughly 54.3 million underlying shares. This number accounts for 66.6% of PLTR’s average daily trading volume of 81.5 million shares. The $64 strike call option, expiring November 22, 2024, has seen significant interest with 36,222 contracts traded, equating to about 3.6 million underlying shares. Below is a chart showing PLTR’s trading history for the past year, highlighting the $64 strike in orange:

Seagate Technology (STX) Options Trading Snapshot

In contrast, Seagate Technology Holdings PLC (Symbol: STX) has experienced options trading volume of 9,304 contracts today. This corresponds to approximately 930,400 underlying shares or 46.7% of STX’s average daily trading volume of 2.0 million shares over the last month. The $70 strike put option, set to expire on June 20, 2025, has garnered attention with 3,879 contracts traded, representing approximately 387,900 underlying shares. Below is a chart showing STX’s trading history over the previous twelve months, with the $70 strike highlighted in orange:

For more information on available expirations for AMD, PLTR, or STX options, visit StockOptionsChannel.com.

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The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.