Today’s options trading activity has been nothing short of exceptional, with significant volumes spotted among key components of the Russell 3000 index. Leading the pack, Kraft Heinz Co (KHC) has seen a staggering total volume of 41,264 contracts traded, representing approximately 4.1 million underlying shares. This figure stands at a striking 45.8% of KHC’s average daily trading volume over the last month, reflecting a remarkable surge in investor interest for KHC options.
For the $36 strike call option expiring on February 23, 2024, the action has been particularly fervent, as 10,775 contracts exchanging hands so far today, equating to approximately 1.1 million underlying shares of KHC. This surge in trading activity around the $36 strike call option paints an intriguing picture for investors and analysts alike.
Federal Signal Corp. (FSS) is not far behind, witnessing a sizeable options trading volume of 1,462 contracts, representing around 146,200 underlying shares. Notably, this accounts for a formidable 45.3% of FSS’s average daily trading volume over the past month, sending ripples across the trading landscape.
The $80 strike call option expiring on March 15, 2024, has been the focal point of attention, with a substantial 1,397 contracts traded, approximating 139,700 underlying shares of FSS. The activity around this specific call option certainly warrants a close examination.
Moving on to TrueBlue Inc (TBI), options are creating quite a buzz, with a trading volume of 880 contracts observed thus far today. This translates to roughly 88,000 underlying shares, constituting a significant 45.3% of TBI’s average daily trading volume over the last month. Moreover, the $12.50 strike put option expiring on March 15, 2024, has seen an impressive 806 contracts traded, representing approximately 80,600 underlying shares of TBI. The intriguing activity around this put option should not be overlooked.
For a comprehensive look at the various expirations available for KHC, FSS, or TBI options, investors are encouraged to visit StockOptionsChannel.com, where a wealth of relevant information awaits. Today’s market dynamics promise to be nothing short of captivating and it would be prudent for investors to stay abreast of the unfolding developments.
No doubt, the market is abuzz with unusual options activity, and investors are well-advised to keep a close watch on this evolving narrative that holds the potential to shape their investment strategies in the days to come.
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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.
