Significant Monday Options Trading: Insights on PL, NVCR, and FSLR

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Record Options Trading Volume for Planet Labs and Other Key Stocks

Planet Labs (PL) Options Lead the Market

Among the underlying components of the Russell 3000 index, Planet Labs PBC (Symbol: PL) experienced significant options trading today. A total of 64,894 contracts have changed hands, indicating roughly 6.5 million underlying shares. This figure is approximately 189.1% of PL’s average daily trading volume for the past month, which was 3.4 million shares. Notably, the $5 strike call option expiring on January 17, 2025, attracted high interest, with 21,378 contracts traded, representing around 2.1 million underlying shares of PL. Below is a chart illustrating PL’s trading history over the past twelve months, with the $5 strike highlighted in orange:

PL Trading Chart - 2024 TickerTech.com

NovoCure Ltd (NVCR) Shows Strong Options Volume

NovoCure Ltd (Symbol: NVCR) has seen an options volume of 13,801 contracts today. This volume translates to about 1.4 million underlying shares, which represents a significant 161.7% of NVCR’s average daily trading volume over the past month of 853,535 shares. Particularly, the $35 strike call option expiring on January 17, 2025, has captured attention, with 2,613 contracts traded, equating to approximately 261,300 underlying shares of NVCR. The chart below displays NVCR’s trading history for the past twelve months, highlighting the $35 strike in orange:

NVCR Trading Chart - 2024 TickerTech.com

First Solar Inc (FSLR) Experiences Increased Options Activity

First Solar Inc (Symbol: FSLR) recorded an options trading volume of 45,868 contracts, signifying approximately 4.6 million underlying shares. This volume amounts to around 129% of FSLR’s average daily trading volume over the previous month of 3.6 million shares. The $130 strike put option, expiring on January 15, 2027, was particularly active, with 3,085 contracts traded, representing about 308,500 underlying shares of FSLR. The following chart reflects FSLR’s trading history over the last twelve months, with the $130 strike highlighted in orange:

FSLR Trading Chart - 2024 TickerTech.com

For more information on the various expiration options available for PL, NVCR, or FSLR, 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.

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