Unusual Wednesday Options Activity: AVPT, SNOW, GPC

Published On: February 14, 2024 6:43 pm

Today’s trading activity has been anything but ordinary for AvePoint Inc (Symbol: AVPT), Snowflake Inc (Symbol: SNOW), and Genuine Parts Co. (Symbol: GPC). The options market has seen a frenzy of action as investors jostle for supremacy and make their bets. Let’s delve into the numbers and see what the tea leaves are telling us.

AvePoint Inc (AVPT)

AvePoint Inc saw a total of 6,063 contracts trade today, representing about 606,300 underlying shares. This accounted for roughly 62.9% of AVPT’s average daily trading volume over the past month. Of particular note was the $8 strike put option expiring February 16, 2024, with 3,004 contracts changing hands today, representing approximately 300,400 underlying shares of AVPT.

Snowflake Inc (SNOW)

Snowflake Inc’s options experienced a trading volume of 36,332 contracts today, representing approximately 3.6 million underlying shares or about 62.8% of the average daily trading volume over the past month. Notably, the $250 strike call option expiring February 23, 2024, saw 4,870 contracts traded today, representing approximately 487,000 underlying shares of SNOW.

Genuine Parts Co. (GPC)

Genuine Parts Co. witnessed a trading volume of 5,633 contracts today, representing about 563,300 underlying shares, equivalent to 62.2% of the average daily trading volume over the past month. High volume was seen for the $140 strike put option expiring February 16, 2024, with 2,527 contracts changing hands today, representing approximately 252,700 underlying shares of GPC.

For a full list of available expirations for AVPT, SNOW, or GPC options, you can visit StockOptionsChannel.com

Before you decide to ride the wave of options activity, consider that not all that glitters is gold. Today’s festivities in the options market are certainly noteworthy but do your due diligence before making any decisions.