Home Market News Friday’s Buzz: Unusual Options Action for POR, ARLO, GTLB

Friday’s Buzz: Unusual Options Action for POR, ARLO, GTLB

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Friday’s Buzz: Unusual Options Action for POR, ARLO, GTLB

Portland General Electric Co. (POR): Electric Energy in the Options Market

The day unfolded with notable activity in the options market for Portland General Electric Co. (POR). A whopping 5,130 contracts have already been exchanged, a representation of about 513,000 shares. This surge equates to approximately 60.3% of POR’s typical daily trading volume over the past month – standing at 850,075 shares. An especially high trajectory was recorded for the $30 strike put option expiring on September 20, 2024, with 5,117 contracts traded so far, equivalent to around 511,700 shares of POR. Witness the chart below that portrays POR’s trading trajectory over the past year, emphasizing the $30 strike in a bold orange hue:

Loading chart — 2024 TickerTech.com

Arlo Technologies Inc (ARLO): Tech Options Taking the Stage

Arlo Technologies Inc (ARLO) saw a significant surge in options activity today, with 5,887 contracts exchanged, equating to around 588,700 underlying shares – a substantial 60.3% of its average daily trading volume over the past month, amounting to 977,080 shares. Noteworthy interest was observed in the $11 strike put option expiring on March 15, 2024, with 1,298 contracts traded, signaling approximately 129,800 shares of ARLO. The chart below illustrates ARLO’s trading patterns over the last twelve months, accentuating the $11 strike in a vibrant orange hue:

Loading chart — 2024 TickerTech.com

GitLab Inc (GTLB): Software Options Making Waves

GitLab Inc (GTLB) found itself in the spotlight today, with a robust options trading volume of 12,928 contracts, symbolizing around 1.3 million underlying shares or roughly 60% of its average daily trading volume over the past month, indicating 2.2 million shares. The $80 strike call option expiring on June 21, 2024, witnessed remarkable interest, with 2,198 contracts exchanged, representing approximately 219,800 shares of GTLB. Delve into the chart below, showcasing GTLB’s trading journey over the past year, highlighting the $80 strike in a striking orange:

Loading chart — 2024 TickerTech.com

For further explorations into the plethora of expiration options for POR, ARLO, or GTLB, head over to StockOptionsChannel.com

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

Further Readings:

• IOT YTD Return
• ALG shares outstanding history
• Institutional Holders of DRC

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