Heavy Options Activity for CSTM, CAR, and LBRDK Heavy Options Activity for CSTM, CAR, and LBRDK

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As the trading day unfolded, the options market witnessed significant action: namely, notable increases concerning Constellium SE (Symbol: CSTM), Avis Budget Group Inc (Symbol: CAR), and Liberty Broadband Corp (Symbol: LBRDK).

Constellium SE Soars in Options Market

The options market experienced a stir with Constellium SE (CSTM), as a total of 14,523 contracts were traded. This notable activity represented approximately 1.5 million underlying shares, equating to about 237% of CSTM’s average daily trading volume over the past month.

Notably, the $16 strike put option expiring March 01, 2024, had 7,008 contracts traded so far, reflecting approximately 700,800 underlying shares of CSTM.

Investors eyeing CSTM’s trading history could spot the heightened activity around the $16 strike highlighted in orange.

CSTM Chart

Avis Budget Group Inc (CAR) Rides High on Options Volume

Avis Budget Group Inc (CAR) also commanded attention, with options trading volume reaching 16,010 contracts, representing about 1.6 million underlying shares. This surge signified approximately 219% of CAR’s average daily trading volume over the past month.

The $125 strike call option expiring February 16, 2024, had 1,651 contracts traded, representing around 165,100 underlying shares of CAR. The surge in activity around the $125 strike was discernible in CAR’s trailing twelve-month trading history, denoted in orange.

CAR Chart

Liberty Broadband Corp (LBRDK) Sees Substantial Options Volume

Liberty Broadband Corp (LBRDK) experienced significant options trading volume, with 27,067 contracts traded, signifying approximately 2.7 million underlying shares. This activity translated to about 199.5% of LBRDK’s average daily trading volume over the past month.

Especially noteworthy was the $60 strike put option expiring March 15, 2024, with 27,004 contracts traded, representing roughly 2.7 million underlying shares of LBRDK. This surge in volume was evident in LBRDK’s trailing twelve-month trading history, emphasizing the $60 strike in orange.

LBRDK Chart

For further details on the available expirations for CSTM, CAR, or LBRDK options, interested parties can visit StockOptionsChannel.com.

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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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