A Closer Look at Noteworthy Monday Options Activity
Today, the options trading landscape within the Russell 3000 index has been set abuzz by notable activity surrounding Meta Platforms Inc (META), Netflix Inc (NFLX), and Model N, Inc (MODN).
The META Momentum
Meta Platforms Inc (META) has been a focal point with a total of 288,455 contracts traded – equivalent to approximately 28.8 million underlying shares. This figure represents a staggering 203.5% surge from META’s average daily trading volume over the past month at 14.2 million shares. Among the plethora of activity, the $540 strike call option expiring on April 12, 2024, emerged as a notable player with 20,077 contracts exchanging hands today, representing about 2.0 million underlying shares of META.
The NFLX Frenzy
Shifting gears to Netflix Inc (NFLX), options trading volume hit 48,092 contracts, signalling activity involving around 4.8 million underlying shares or 167.8% of NFLX’s average daily trading volume over the past month. Within this activity, the $665 strike call option expiring on April 12, 2024, took the spotlight with 1,990 contracts traded today, representing roughly 199,000 underlying shares of NFLX.
The MODN Mix
Meanwhile, Model N, Inc (MODN) witnessed options trading volume of 3,556 contracts, delving into about 355,600 underlying shares or 129.7% of MODN’s average daily trading volume over the last month at 274,250 shares. In the mix, the $30 strike call option expiring on August 16, 2024, stood out with 2,204 contracts changing hands today, representing around 220,400 underlying shares of MODN.
For a deeper dive into the available expirations for META, NFLX, or MODN options, enthusiasts are encouraged to explore 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.
