HomeMarket NewsExploring Dynamic Option Activity: PTEN, GNRC, ISRG

Exploring Dynamic Option Activity: PTEN, GNRC, ISRG

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PTEN – Patterson-UTI Energy Inc.

Diving into the financial intricacies of the day, the trading world witnessed a fascinating flurry of activity surrounding Patterson-UTI Energy Inc. (PTEN). A total of 37,383 contracts shifted hands today, embodying an approximate equivalent of 3.7 million underlying shares. This volume embodies a staggering 46.9% of PTEN’s typical daily trade volume for the prior month – standing at 8.0 million shares. The spotlight shone brightly on the $10 strike put option expiring on March 15, 2024, with a robust 36,770 contracts traded, representing about 3.7 million underlying shares of PTEN. Behold the trailing twelve-month trading tapestry of PTEN, with the $10 strike gleaming bright in orange hues:

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GNRC – Generac Holdings Inc

Meanwhile, Generac Holdings Inc. (GNRC) observed a commendable volume of 6,000 option contracts being passed around today. This translates to around 600,000 underlying shares, amounting to an impressive 46.7% of GNRC’s average daily trading volume over the last month, pegged at 1.3 million shares. The trading arena buzzed particularly around the $112 strike put option expiring on February 23, 2024, with 1,139 contracts exchanging hands, representing roughly 113,900 underlying shares of GNRC. Observe GNRC’s trading voyage over the past year, with the $112 strike standing out in vibrant orange:

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ISRG – Intuitive Surgical Inc

Zooming into yet another realm, Intuitive Surgical Inc. (ISRG) pivoted through options with a volume of 6,991 contracts – representing about 699,100 underlying shares or around 46.4% of ISRG’s average daily trading stride over the prior month, measured at 1.5 million shares. The echelon of activity perked up around the $390 strike put option due to expire on March 01, 2024, with 734 contracts traded so far today, encapsulating approximately 73,400 underlying shares of ISRG. Survey ISRG’s annual trading symphony, with the $390 strike making a vivid mark in the color orange:

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For a deeper dive into the extensive array of expiration opportunities offered by PTEN, GNRC, and ISRG options, explore the realm of StockOptionsChannel.com.

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