Surge in Options Trading Activity Highlights Meta, Robinhood, and Netflix

Options trading has picked up significantly for several prominent companies today, especially for Meta Platforms Inc, Robinhood Markets Inc, and Netflix Inc.

Meta Platforms Inc Sees Unprecedented Trading Volume

In options trading for Meta Platforms Inc (Symbol: META), a total of 129,145 contracts have been exchanged today. This volume equates to approximately 12.9 million underlying shares, significantly exceeding META’s average daily trading volume of 10.0 million shares over the past month. The $600 strike call option expiring on November 01, 2024, has particularly drawn attention, with 5,575 contracts traded, reflecting around 557,500 underlying shares. The accompanying chart illustrates META’s trading history, highlighting the $600 strike option in orange:

Robinhood Markets Inc Experiences Strong Options Activity

Robinhood Markets Inc (Symbol: HOOD) also observed notable activity, with 147,800 options contracts traded today, which translates to approximately 14.8 million underlying shares. This volume represents about 109.9% of HOOD’s average daily trading of 13.5 million shares over the last month. The $28 strike call option expiring on November 01, 2024, has garnered significant trading interest, totaling 10,610 contracts or around 1.1 million underlying shares. The following chart depicts the trading history of HOOD, with the $28 strike highlighted in orange:

Netflix Inc Sees Increased Options Volume as Well

Similarly, Netflix Inc (Symbol: NFLX) recorded an options trading volume of 40,056 contracts today, representing roughly 4.0 million underlying shares. This figure amounts to around 105.8% of NFLX’s average daily trading volume of 3.8 million shares over the past month. A notable spike was seen in the $730 strike put option expiring on November 01, 2024, with 2,046 contracts traded, corresponding to approximately 204,600 underlying shares. The chart below shows NFLX’s trading history with the $730 strike highlighted in orange:

Explore More Options Trading Opportunities

For more information on the options available for META, HOOD, and NFLX, visit StockOptionsChannel.com.

Today’s Most Active Call & Put Options of the S&P 500 »

Also see:

• BankInvestor
• GIVN Options Chain
• Top Ten Hedge Funds Holding DCUB

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