HomeMost PopularNoteworthy Wednesday Option Activity: VLO, FTNT, NKE

Noteworthy Wednesday Option Activity: VLO, FTNT, NKE

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Insightful Wednesday Option Activity: VLO, FTNT, NKE

Noteworthy Options Activity in Valero Energy Corp (VLO)

Exploring the bustling activity within the Russell 3000 index led us to a fascinating discovery today. Valero Energy Corp, affectionately known as VLO on Wall Street, captured the attention of traders with an impressive trading volume. A staggering 17,343 contracts have already been exchanged, equivalent to a robust 1.7 million underlying shares. This accounts for a remarkable 48.1% of VLO’s average daily trading volume over the past month, standing at 3.6 million shares.

One particular highlight was the $172.50 strike put option expiring on April 5, 2024. Today, 1,225 contracts were traded, representing a hefty sum of approximately 122,500 underlying shares of Valero Energy Corp. Dive into the chart below to witness VLO’s trading history over the trailing twelve months, with the illustrious $172.50 strike shining brightly in orange hues:


Fortinet Inc (FTNT) Options Buzz

In a parallel universe of options trading, Fortinet Inc, lovingly represented by FTNT, emerged as a beacon of activity in the market landscape today. A sizeable 21,863 contracts have been in play, accounting for approximately 2.2 million underlying shares. This volume constitutes a substantial 47% of FTNT’s average daily trading volume over the past month, which stands at 4.7 million shares.

A specific focal point was the $85 strike call option set to expire on September 20, 2024. Enthusiasm ran high as 1,901 contracts exchanged hands, representing a sizeable 190,100 underlying shares of Fortinet Inc. Feast your eyes on the graph below showcasing FTNT’s trade trends over the last year, with the $85 strike shining bright in the golden hue:


High Octane Trading in Nike (NKE)

As the trading day unfolded, Nike, famously known as NKE in the captivating realm of stocks, witnessed a whirlwind of options trading activity. A staggering 54,253 contracts were exchanged, representing an impressive 5.4 million underlying shares or about 46.8% of NKE’s average daily trading volume over the past month, which stands at 11.6 million shares.

The $105 strike put option expiring on April 19, 2024, stole the spotlight with 8,001 contracts traded thus far today, equating to approximately 800,100 underlying shares of the iconic Nike brand. Delve into the chart below to witness NKE’s trading journey over the past year, with the $105 strike gleaming prominently in a vibrant shade of orange:


For a comprehensive overview of the multitude of available expirations for VLO, FTNT, or NKE options, don’t hesitate to visit StockOptionsChannel.com.

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The musings and viewpoints expressed herein are solely those of the author and may not necessarily mirror the stance of Nasdaq, Inc.

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