PSN, ALGM, MA: Wednesday Option Activity Wednesday’s Remarkable Options Activity: Parsons Corp, Allegro MicroSystems, and Mastercard Inc.

Published On: February 14, 2024 5:13 pm

Options Trading Overview

Amidst the components of the Russell 3000 index, the standout activity today has been in Parsons Corp (Symbol: PSN), with a total volume of 2,397 contracts traded. This represents approximately 239,700 underlying shares, equivalent to 41.2% of PSN’s average daily trading volume over the past month. Notably, the $75 strike call option expiring February 16, 2024, garnered significant attention with 690 contracts trading so far today, indicating approximately 69,000 underlying shares of PSN. Have a look at PSN’s trailing twelve month trading history, with the $75 strike highlighted in orange:

Analyze the Allegro

Allegro MicroSystems Inc (Symbol: ALGM) witnessed options trading volume of 8,650 contracts, representing approximately 865,000 underlying shares or approximately 41.2% of ALGM’s average daily trading volume over the past month. Particularly high volume was seen for the $27.50 strike put option expiring March 15, 2024, with 8,405 contracts trading, equivalent to approximately 840,500 underlying shares of ALGM. Analyze ALGM’s trailing twelve month trading history, with the $27.50 strike highlighted in orange:

Mastering the Options

Mastercard Inc (Symbol: MA) experienced options trading volume of 10,462 contracts, representing approximately 1.0 million underlying shares or approximately 40.8% of MA’s average daily trading volume over the past month. Of significance was the $460 strike put option expiring February 16, 2024, with 1,407 contracts trading, indicating approximately 140,700 underlying shares of MA. Explore MA’s trailing twelve month trading history, with the $460 strike highlighted in orange: