Upon analyzing the options market today, one cannot help but notice the significant surge in activities for Marcus & Millichap Inc (Symbol: MMI), Interdigital Inc (Symbol: IDCC), and Teladoc Health Inc (Symbol: TDOC).
Unusual Activities Unfold
The underlying components of the Russell 3000 index revealed a noteworthy options trading volume for Marcus & Millichap Inc (Symbol: MMI). The total of 793 contracts traded so far, representing approximately 79,300 underlying shares, amounts to about 57.3% of MMI’s average daily trading volume over the past month of 138,305 shares. Of particular interest was the high volume seen for the $35 strike put option expiring February 16, 2024, with 701 contracts trading so far today, representing approximately 70,100 underlying shares of MMI.
Interdigital Inc in the Mix
Interdigital Inc (Symbol: IDCC) also saw a surge in trading volume, with 1,949 contracts representing approximately 194,900 underlying shares, or around 57.1% of IDCC’s average daily trading volume over the past month. Notably, there was particularly high volume for the $97.50 strike put option expiring April 19, 2024, with 300 contracts trading so far today, representing approximately 30,000 underlying shares of IDCC.
Teladoc Health Inc in the Spotlight
The surge continues with Teladoc Health Inc (Symbol: TDOC) where options are showing a volume of 17,014 contracts thus far today. That number of contracts represents approximately 1.7 million underlying shares, working out to a sizeable 53.2% of TDOC’s average daily trading volume over the past month of 3.2 million shares. Especially high volume was seen for the $17.50 strike call option expiring April 19, 2024, with 3,598 contracts trading so far today, representing approximately 359,800 underlying shares of TDOC.
Relevant Market Insights
For more information about the various available expirations for MMI options, IDCC options, or TDOC options, interested parties can visit StockOptionsChannel.com to gain a comprehensive understanding of the current market trends.
Tailored Market Outlook
As new opportunities and insights continuously emerge from the realm of options trading, investors are taking strides to navigate these surges in activities, eager to capitalize on evolving market sentiment.
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Funds Holding BGCA
GBDC market cap history
FLRN Options Chain
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.