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Thursday Buzz: NRDS, RIVN, NDSN Option Activity Action-Filled Thursday: Options Galore for NRDS, RIVN, and NDSN

Trading volume surged for options on NerdWallet Inc (Symbol: NRDS) on Thursday, with a total of 1,140 contracts changing hands, implying substantial interest in approximately 114,000 underlying shares, amounting to about 46.3% of NRDS’s average daily trading volume over the past month of 246,465 shares. Notably, the $20 strike call option expiring February 16, 2024, saw significant activity, with 637 contracts traded, representing approximately 63,700 underlying shares of NRDS. This heightened activity is depicted in the chart below, with the $20 strike highlighted in orange:

The options market activity for Rivian Automotive Inc (Symbol: RIVN) also stood out, with a volume of 157,925 contracts – an equivalent of approximately 15.8 million underlying shares, translating to a significant 46.3% of RIVN’s average daily trading volume over the past month. Notable interest was observed for the $16.50 strike call option expiring February 16, 2024, with 14,596 contracts exchanged, representing approximately 1.5 million underlying shares of RIVN. The chart below illustrates this intense options activity, with the $16.50 strike highlighted in orange:

Meanwhile, options trading in Nordson Corp. (Symbol: NDSN) also experienced heightened activity on Thursday, with 986 contracts changing hands, representing approximately 98,600 underlying shares – accounting for 46.1% of NDSN’s average daily trading volume over the past month of 213,850 shares. Particularly, the $240 strike call option expiring February 16, 2024, saw 490 contracts traded, representing approximately 49,000 underlying shares of NDSN. The chart below provides a visual representation of this robust options activity, with the $240 strike highlighted in orange: