Exploring Notable Friday Options Activity Unveiling the Unusual: Options Heat Up on XP, FYBR, UVE

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Perusing the realm of options trading within the confines of the Russell 3000 index unfurls a tale of intrigue today. XP Inc – Class A (Symbol: XP) has caught the wandering eye, with a substantial volume of 59,500 contracts dancing through the market corridors. This figure equates to a dalliance with approximately 6.0 million underlying shares, a weighty number that represents 123.3% of XP’s typical daily trading activity over the previous moon cycle, which lingered around 4.8 million shares. Particularly luminous is the $26 strike call option expiring on March 01, 2024. Today, 10,500 contracts have pirouetted through the stage, embodying roughly 1.1 million underlying shares of XP’s essence. Behold the chart below, painting XP’s passage in the trading pantheon, with the $26 strike gleaming in orange hues.

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Swirling Saga of FYBR and UVE

Venturing further, the grounds of Frontier Communications Parent Inc (Symbol: FYBR) whisper tales of options trading zeal, with a volume of 17,527 contracts, echoing the footfalls of around 1.8 million underlying shares or 116.6% of FYBR’s customary daily trading hubbub over the prior lunar cycle. A spotlight beams on the $22.50 strike put option blooming until May 17, 2024. Today, 8,278 contracts waltzed through the day, embodying approximately 827,800 underlying shares of FYBR’s essence. Witness the chart below, a tapestry of FYBR’s past dances in the trading ball, with the $22.50 strike sparkled in orange brilliance.

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Universal Insurance Holdings Inc (Symbol: UVE) stands proud as another protagonist in today’s options trading stage play, with a volume of 1,903 contracts reflecting the essence of approximately 190,300 underlying shares or around 114.6% of UVE’s routine daily trading melody over the bygone month, swaying near 166,055 shares. Of special note is the $17.37 strike call option whispering until May 17, 2024. Today, 669 contracts have pirouetted through, epitomizing approximately 66,900 of UVE’s underlying shares. Delight in the chart below, sculpting UVE’s jaunts in the trading arena, with the $17.37 strike bedecked in orange splendor.

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If thou seeketh the varied expirations for XP, FYBR, or UVE options, let thy feet wander o’er to 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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