Wolverine World Wide, Inc. (Symbol: WWW) appears to be shaking things up in the options trading realm today, with an eye-popping total volume of 4,205 contracts traded so far. This impressive figure is equivalent to about 420,500 underlying shares, representing an astonishing 53.1% of WWW’s average daily trading volume over the past month. The standout performer is the $12.50 strike call option expiring on March 15, 2024, with 2,025 contracts in play, signifying around 202,500 underlying shares of WWW. The trading chart showcasing WWW’s performance over the past year vividly illuminates the prominence of the $12.50 strike, boldly highlighted in orange.
Ambarella, Inc. (Symbol: AMBA) is not far behind, with options trading volume reaching 2,291 contracts today, equivalent to about 229,100 underlying shares and representing a significant 49% of AMBA’s average daily trading volume over the past month. The $57 strike call option expiring on February 23, 2024, has taken center stage with 363 contracts traded, representing approximately 36,300 underlying shares of AMBA. The trading history chart for AMBA for the past twelve months accentuates the $57 strike in a bold orange hue, a testament to its recent prominence.
In a similar vein, Encore Wire Corp. (Symbol: WIRE) has been making waves in the options market, with a substantial 789 contracts traded, representing about 78,900 underlying shares or approximately 48.4% of WIRE’s average daily trading volume over the past month. Noteworthy activity has been observed for the $210 strike put option expiring on February 16, 2024, with 234 contracts traded, representing about 23,400 underlying shares of WIRE. The trailing twelve-month trading history chart for WIRE succinctly highlights the significance of the $210 strike in a bold orange shade.
For a comprehensive view of the various available expirations for WWW, AMBA, or WIRE options, one should visit StockOptionsChannel.com.
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• Top Ten Hedge Funds Holding ABVX
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
