Midweek Highlights in Options Trading: GME, AMD, EXAS Analysis

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On October 6, 2023, GameStop Corp (GME) recorded significant options trading, with 60,834 contracts traded, equating to approximately 6.1 million underlying shares. This represents 98.6% of GME’s average daily trading volume of 6.2 million shares over the past month. Notably, the $50 strike call option expiring on January 16, 2026, accounted for 3,806 contracts, or about 380,600 underlying shares.

Advanced Micro Devices Inc (AMD) reported options trading volume of 533,934 contracts, representing around 53.4 million underlying shares, or 97.2% of its average daily trading volume of 54.9 million shares. The $240 strike call option expiring on November 21, 2025, saw 33,984 contracts traded, equating to approximately 3.4 million underlying shares.

EXACT Sciences Corp (EXAS) experienced an options trading volume of 26,423 contracts, translating to roughly 2.6 million underlying shares and 86.8% of its average daily trading volume of 3.0 million shares. The $72 strike call option, also expiring on November 21, 2025, had 12,464 contracts traded, amounting to about 1.2 million underlying shares.

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