Unusual Options Activity in FSLR, SWAV, LQDA

As the market closes this Friday, investors are taking note of the unusual options trading activity among components of the Russell 3000 index. Particularly, there has been remarkable activity today in several companies, including First Solar Inc (FSLR), ShockWave Medical Inc (SWAV), and Liquidia Corp (LQDA).

Let’s delve into the details and analyze the implications of this noteworthy options trading in these companies.

The options activity in First Solar Inc (FSLR) has sparked particular interest. Today, a total volume of 14,360 contracts has been traded, which is approximately 1.4 million underlying shares.

This volume represents 68.2% of FSLR’s average daily trading volume over the past month, indicating a significant surge in options trading. Notably, there was high volume for the $150 strike put option expiring in February 16, 2024, with 1,281 contracts trading, representing approximately 128,100 underlying shares of FSLR.

Investors are scrutinizing this heightened options activity, and the implications are reverberating through the market.

ShockWave Medical Inc (SWAV) is also witnessing notable options activity, with a volume of 3,052 contracts traded so far today, representing approximately 305,200 underlying shares.

This volume accounts for 66.5% of SWAV’s average daily trading volume over the past month, with significant interest in the $240 strike call option expiring on March 15, 2024. The trading volume for this particular call option stands at 249 contracts, representing approximately 24,900 underlying shares of SWAV.

It is evident that the options market is abuzz with activity surrounding SWAV, capturing the attention of market participants.

Likewise, Liquidia Corp (LQDA) is seeing heightened options activity, with a volume of 6,299 contracts traded so far today, representing approximately 629,900 underlying shares.

This trading volume amounts to 63% of LQDA’s average daily trading volume over the past month. Notably, the $7.50 strike call option expiring on April 19, 2024, has attracted substantial interest, with 1,500 contracts traded, representing approximately 150,000 underlying shares of LQDA.

The market’s reaction to the options activity surrounding LQDA is indicative of the significance of these developments.