HomeMarket NewsNotable Wednesday Option Activity: BURL, NCNO, MNST

Notable Wednesday Option Activity: BURL, NCNO, MNST

Actionable Trade Ideas

always free

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Burlington Stores Inc (Symbol: BURL), where a total volume of 5,502 contracts has been traded thus far today, a contract volume which is representative of approximately 550,200 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 56.3% of BURL’s average daily trading volume over the past month, of 977,070 shares. Especially high volume was seen for the $190 strike put option expiring June 21, 2024, with 1,026 contracts trading so far today, representing approximately 102,600 underlying shares of BURL. Below is a chart showing BURL’s trailing twelve month trading history, with the $190 strike highlighted in orange:

Loading+chart+β€”+2024+TickerTech.com

nCino Inc (Symbol: NCNO) options are showing a volume of 3,927 contracts thus far today. That number of contracts represents approximately 392,700 underlying shares, working out to a sizeable 54.1% of NCNO’s average daily trading volume over the past month, of 726,475 shares.
Particularly high volume was seen for the $35 strike call option expiring July 19, 2024, with 2,155 contracts trading so far today, representing approximately 215,500 underlying shares of NCNO. Below is a chart showing NCNO’s trailing twelve month trading history, with the $35 strike highlighted in orange:

Loading+chart+β€”+2024+TickerTech.com

And Monster Beverage Corp (Symbol: MNST) saw options trading volume of 37,496 contracts, representing approximately 3.7 million underlying shares or approximately 53.4% of MNST’s average daily trading volume over the past month, of 7.0 million shares.
Particularly high volume was seen for the $70 strike call option expiring June 21, 2024, with 17,961 contracts trading so far today, representing approximately 1.8 million underlying shares of MNST. Below is a chart showing MNST’s trailing twelve month trading history, with the $70 strike highlighted in orange:

Loading+chart+β€”+2024+TickerTech.com

For the various different available expirations for BURL options, NCNO options, or MNST options, visit StockOptionsChannel.com.

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

Also see:

Β• NLR Dividend History
Β• FMAO Split History
Β• IDR Videos

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

Swing Trading Ideas and Market Commentary

Need some new swing ideas? Get free weekly swing ideas and market commentary from Jonathan Bernstein here: Swing Trading.

Explore More

Weekly In-Depth Market Analysis and Actionable Trade Ideas

Get institutional-level analysis and trade ideas to take your trading to the next level, sign up for free and become apart of the community.