Options Trading Insights: Centene, e.l.f. Beauty, and Salesforce See Significant Activity

Centene Corp (CNC) Options Spark Interest

Today, Centene Corp (Symbol: CNC) is experiencing notable options trading activity. With a total of 27,556 contracts traded, this represents approximately 2.8 million underlying shares. This volume accounts for 48.6% of CNC’s average daily trading volume over the past month, which is 5.7 million shares. The $72.50 strike call option, set to expire on November 15, 2024, has drawn particular interest, with 3,450 contracts trading, equivalent to about 345,000 underlying shares of CNC. Below is a chart illustrating CNC’s trading history over the past twelve months, with the $72.50 strike highlighted in orange:

e.l.f. Beauty Inc (ELF) Sees Strong Options Volume

Turning to e.l.f. Beauty Inc (Symbol: ELF), options activity today totals 10,988 contracts, representing about 1.1 million underlying shares. This figure constitutes 48.3% of ELF’s typical daily trading volume of 2.3 million shares over the last month. The $110 strike call option, expiring on October 25, 2024, has generated considerable volume with 816 contracts trading, equating to roughly 81,600 underlying shares. Below is a chart showing ELF’s trading history from the past year, with the $110 strike highlighted in orange:

Salesforce Inc (CRM) Options Trading Activity

Salesforce Inc (Symbol: CRM) options also reflect heightened trading interest today, with 20,382 contracts exchanged. This translates to approximately 2.0 million underlying shares, amounting to 48.1% of CRM’s mean daily trading volume of 4.2 million shares over the past month. High interest has been observed for the $295 strike call option, set to expire on October 25, 2024, where 2,750 contracts traded, representing about 275,000 underlying shares of CRM. The following chart depicts CRM’s trailing twelve-month trading activity, with the $295 strike highlighted in orange:

Explore Additional Options Data

For more information on available expirations for options from CNC, ELF, or CRM, please visit StockOptionsChannel.com.

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