HomeMarket NewsUnusual Options Activity: Arista Networks Inc, American Express Co, NetApp, Inc

Unusual Options Activity: Arista Networks Inc, American Express Co, NetApp, Inc

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ANET: Arista Networks Inc

Today saw exceptional options trading in Arista Networks Inc (Symbol: ANET). A total of 11,766 contracts exchanged hands, equivalent to about 1.2 million underlying shares. This accounts for 42.5% of ANET’s average daily trading volume over the past month.

Notably, the $280 strike put option expiring April 12, 2024, garnered significant attention with 507 contracts trading, representing roughly 50,700 underlying shares of ANET.

For investors, this uptick in options activity may signal a shift in sentiment or expectations regarding the company’s future performance.

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AXP: American Express Co

American Express Co. (Symbol: AXP) also experienced notable options activity, with 10,553 contracts traded so far today. This volume accounts for approximately 1.1 million underlying shares, representing 42.3% of AXP’s average daily trading volume over the past month.

The $175 strike call option expiring June 21, 2024, attracted substantial interest, with 1,623 contracts traded, equivalent to around 162,300 underlying shares of AXP.

Investors are closely watching these developments as they may indicate changing market expectations or strategies.

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NTAP: NetApp, Inc.

NetApp, Inc. (Symbol: NTAP) witnessed options trading of 8,038 contracts today, representing approximately 803,800 underlying shares or about 41.3% of NTAP’s average daily trading volume over the past month.

The $97.50 strike call option expiring April 19, 2024, saw high volume, with 674 contracts trading, representing roughly 67,400 underlying shares of NTAP.

Market participants are interpreting these option movements to assess potential market trends and sentiment towards NTAP.

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For more details on available expirations for ANET, AXP, or NTAP options, visit StockOptionsChannel.com.

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

Also see:

Β• Top Dividend Stocks YTD
Β• EQNR Options Chain
Β• AbbVie RSI

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

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