The market was buzzing with activity today as notable options trading volume was observed in several key companies on the Russell 3000 index. The stars of the show were Carvana Co (CVNA), Microsoft Corporation (MSFT), and Netflix Inc (NFLX). These three heavyweights commanded significant attention from investors, signaling a flurry of activity in the options market.
Carvana Co (CVNA)
Carvana Co (CVNA) turned heads with an impressive total of 84,373 contracts traded. This substantial figure represents roughly 8.4 million underlying shares. The magnitude of this volume is also evident when viewed in the context of CVNA’s average daily trading volume over the past month, which stands at 5.8 million shares. The $90 strike call option expiring on March 15, 2024, stole the limelight with an extraordinary 10,793 contracts traded, equivalent to around 1.1 million underlying shares of CVNA.
In a visual representation of its trading history, the $90 strike is highlighted in vibrant orange, underscoring the exceptional activity surrounding this option.
Microsoft Corporation (MSFT)
Microsoft Corporation (MSFT) proved itself to be a major player, with options trading volume reaching 360,534 contracts for the day. This substantial figure translates to approximately 36.1 million underlying shares – a significant 141.8% of MSFT’s average daily trading volume over the past month, which stands at 25.4 million shares. The $410 strike call option expiring on February 16, 2024, took center stage, with an impressive 29,178 contracts traded, representing around 2.9 million underlying shares of MSFT.
MSFT’s trading history is vividly depicted in a chart, with the $410 strike standing out prominently in orange, capturing the attention of market participants and onlookers alike.
Netflix Inc (NFLX)
Netflix Inc (NFLX) also had its time in the spotlight, with options trading volume clocking in at 91,744 contracts for the day. The sheer magnitude of this figure reflects approximately 9.2 million underlying shares, amounting to an impactful 135.9% of NFLX’s average daily trading volume over the past month, which is 6.8 million shares. In particular, the $540 strike put option expiring on February 16, 2024, commanded attention with 6,054 contracts traded, representing roughly 605,400 underlying shares of NFLX.
NFLX’s trading history displayed in a chart vividly showcases the prominence of the $540 strike in orange, encapsulating the heightened interest in this specific option.
For further information on the various expirations available for options on CVNA, MSFT, or NFLX, investors can visit StockOptionsChannel.com to delve deeper into the options market for these companies.
Today’s Most Active Call & Put Options of the S&P 500
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Institutional Holders of XFIN
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
