AMBC Options Buzzing with Opportunity
Among the thrumming universe of options trading, today’s radar scans couldn’t miss Ambac Financial Group, Inc. (AMBC) with 2,663 contracts bustling back and forth, representing a stomping 266,300 underlying shares. That colossal figure of 75.8% of AMBC’s average daily trading in the past month (which stood at 351,455 shares) drew curious eyes toward the $16 strike call option set to expire on May 17, 2024. A whopping 883 contracts were snatched up already, embodying around 88,300 underlying shares of AMBC. The chart below paints the saga of AMBC’s twelve-month trading voyage, with the $16 strike glowing fiercely in orange:
Brisk Winds of Trading for WDC Options
Western Digital Corp (WDC) unfurled its own spectacle today with a tempest of 57,692 contracts billowing around. Like a sudden storm, this figure translates to roughly 5.8 million underlying shares—a commanding 75.5% of WDC’s average daily trading volume across the last month, standing at 7.6 million shares. A particular marvel was witnessed at the $75 strike call option set to expire on May 17, 2024. A striking 15,494 contracts pirouetted through the market, symbolizing about 1.5 million underlying shares of WDC. Feast your eyes upon WDC’s trading history in the chart below, with the $75 strike shining like a beacon in orange:
JPM Options Galore in the Trading Arena
JPMorgan Chase & Co (JPM) was not to be left behind, revealing an impressive scene of 73,649 contracts jostling to find their place today—a choreographed ensemble representing around 7.4 million underlying shares. This frenzy amounted to an imposing 71.8% of JPM’s average daily trading volume from the previous month, which stood valiantly at 10.3 million shares. The $185 strike call option set to close on April 19, 2024, stood out in this commotion, with 8,486 contracts darting to and fro—dancing like fireflies and representing approximately 848,600 underlying shares of JPM. For investors seeking more insight, the chart presenting JPM’s twelve-month trading story is laid out below, painting the $185 strike in an electrifying orange hue:
For a deeper dive into the array of available expirations for AMBC, WDC, or JPM options, one need only voyage to StockOptionsChannel.com.
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The musings and impressions shared herein echo the sentiments of the author and may not necessarily mirror those of Nasdaq, Inc.
