HomeMarket NewsRevolutionary Wednesday Options Buzz: Herbalife Ltd, Marathon Petroleum Corp, Estee Lauder Cos

Revolutionary Wednesday Options Buzz: Herbalife Ltd, Marathon Petroleum Corp, Estee Lauder Cos

Actionable Trade Ideas

always free

Herbalife Ltd (HLF)

Upon perusing today’s financial landscape, one cannot help but notice the frenzy surrounding Herbalife Ltd (HLF) options. The Russell 3000 index witnessed a substantial 15,811 contracts exchanging hands, equivalent to around 1.6 million underlying shares. This rampant activity marks an impressive 77.5% surge over HLF’s average trading volume in the past month. Noteworthy among these movements is the $7.50 strike put option, set to expire on January 17, 2025. An astonishing 6,011 contracts were dealt, representing a hefty 601,100 underlying shares of HLF. The heightened interest in HLF reverberates in the charts, with the $7.50 strike displayed prominently in a vivid shade of orange. This surge of activity reflects a dynamic shift in investor sentiment towards Herbalife Ltd.

Marathon Petroleum Corp. (MPC)

The saga continues with Marathon Petroleum Corp. (MPC), as options trading takes center stage. A resounding 20,828 contracts were in play today, translating to approximately 2.1 million underlying shares or a significant 70.7% of MPC’s average daily trading volume over the preceding month. Notable within these transactions is the $225 strike call option, expiring on April 12, 2024. A staggering 2,073 contracts were traded, symbolizing about 207,300 underlying shares of MPC. The story of MPC unfolds vividly in the charts, with the $225 strike shining brightly in orange hues. The fervor surrounding Marathon Petroleum Corp. is palpable, reflecting a seismic shift in market dynamics.

Estee Lauder Cos., Inc. (EL)

As the day unfolds, options activity for Estee Lauder Cos., Inc. (EL) commands attention. A total of 15,669 contracts changed hands, representing roughly 1.6 million underlying shares or approximately 67.3% of EL’s average daily trading volume over the prior month of 2.3 million shares. Noteworthy amidst these dealings is the $155 strike call option, set to expire on April 12, 2024. An impressive 1,057 contracts were traded, signifying approximately 105,700 underlying shares of EL. The narrative of EL comes to life in the charts, with the $155 strike standing out prominently in vibrant orange. The buzz surrounding Estee Lauder Cos., Inc. underscores a notable shift in investor sentiment towards this iconic brand.

For a closer look at the myriad expiration options for HLF, MPC, and EL, investors are encouraged to explore StockOptionsChannel.com.

nslideshowToday’s Most Active Call & Put Options of the S&P 500 Β»

Also see:

Β• Target Date ETFs
Β• Top Ten Hedge Funds Holding PETZ
Β• GRMN MACD

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Swing Trading Ideas and Market Commentary

Need some new swing ideas? Get free weekly swing ideas and market commentary from Jonathan Bernstein here: Swing Trading.

Explore More

Weekly In-Depth Market Analysis and Actionable Trade Ideas

Get institutional-level analysis and trade ideas to take your trading to the next level, sign up for free and become apart of the community.