HomeMarket NewsExploring Noteworthy Option Activity: SPCE, FDX, TJX

Exploring Noteworthy Option Activity: SPCE, FDX, TJX

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Virgin Galactic Holdings Inc (SPCE)

In today’s options trading arena, Virgin Galactic Holdings Inc stands out with a total volume of 40,642 contracts changing hands. This figure corresponds to about 4.1 million underlying shares, marking a significant 49.5% of SPCE’s average daily trading volume over the past month.

Particularly intriguing is the activity surrounding the $2 strike call option expiring on March 01, 2024. A whopping 7,227 contracts have been traded so far today, representing about 722,700 underlying shares of SPCE. This surge in activity has investors buzzing like bees on a nectar-rich blossom.

Venture back in time, and you might recall the days when Virgin Galactic made headlines with its space tourism ambitions. Branson’s extraterrestrial ventures have historically attracted both fervent supporters and skeptics alike, creating a climate ripe for option trading excitement.

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FedEx Corp (FDX)

Turning our focus to FedEx Corp, we witness options trading volume of 10,031 contracts today. This translates to roughly 1.0 million underlying shares or approximately 48.5% of FDX’s average daily trading volume over the past month, offering a glimpse into the ebbs and flows of investor sentiment within the logistics giant.

Eyes are on the $220 strike put option expiring on January 17, 2025, where 720 contracts have traded so far today, representing around 72,000 underlying shares. The option market here is akin to a labyrinth, full of twists and turns that keep traders on their toes.

Reflect on FedEx’s tumultuous journey, navigating global supply chain disruptions and the ever-changing e-commerce landscape. These challenges have painted a vivid backdrop for options traders seeking to capture value in market turbulence.

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TJX Companies (TJX)

Lastly, TJX Companies saw options trading volume of 22,753 contracts today, representing about 2.3 million underlying shares or approximately 48.5% of TJX’s average daily trading volume over the past month. The options market here is akin to a bustling marketplace, with traders vying for opportunities in the consumer goods sector.

Of particular interest is the $107 strike call option expiring on March 15, 2024, where 2,195 contracts have traded so far today, representing approximately 219,500 underlying shares. This flurry of activity resembles a carnival, complete with swirls of excitement and anticipation.

Moving back in time, one might recall TJX’s resilience during economic downturns, providing investors with a safe harbor in turbulent times. This historical context adds layers of depth to the current options activity surrounding the retail giant.

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