Friday’s Intriguing Options Movement: ATMU, NAT, PEN

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ATMU: A Showstopper on the Trading Floor

In the world of trading, it’s not often that a company steals the spotlight like Atmus Filtration Technologies Inc (Symbol: ATMU) did today. With a total volume of 7,399 contracts traded, this represents around 739,900 underlying shares – an impressive 54.6% of ATMU’s average daily trading volume over the past month. The $24 strike call option expiring on March 22, 2024, particularly stood out with 2,234 contracts traded, equivalent to about 223,400 shares. It’s akin to a star performer stealing the show on Broadway, garnering all the attention of the audience.

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NAT: Sailing Strong in the Options Market

Nordic American Tankers Ltd (Symbol: NAT) also turned heads with options trading volume of 15,244 contracts, representing around 1.5 million underlying shares or 53.8% of its average daily trading volume over the past month. The $4.50 strike call option expiring on July 19, 2024, garnered significant attention with 4,532 contracts traded, accounting for approximately 453,200 shares. It’s like a well-built ship gracefully navigating through turbulent waters, showcasing its strength and resilience.

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PEN: Making Waves in the Options Arena

Penumbra Inc (Symbol: PEN) didn’t shy away from the action either, with options trading volume of 1,293 contracts, representing about 129,300 underlying shares or 52.9% of its average daily trading volume over the past month. The $270 strike call option expiring on April 19, 2024, saw 218 contracts traded, amounting to around 21,800 shares. It’s akin to a surfer catching the perfect wave, riding high on the momentum of the market.

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For more information on the available expirations for ATMU options, NAT options, or PEN options, you can visit StockOptionsChannel.com.

Additionally Check Out:

• ULH Stock Predictions
• Funds Holding BPT
• Funds Holding ALDW

The author’s views and opinions expressed here are personal and do not necessarily reflect those of Nasdaq, Inc.

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