Surge in Options Trading for Cogent, Moderna, and Applied Materials

Investors Show Increased Interest in Key Stock Options Today

Looking at options trading activity within the Russell 3000 index, Cogent Communications Holdings, Inc. (Symbol: CCOI) stands out today. A total of 2,447 contracts have traded, which accounts for about 244,700 shares, considering that each contract represents 100 underlying shares. This volume reflects 56.5% of CCOI’s average daily trading volume over the past month, which is 432,840 shares. Notably, the $75 strike call option expiring on November 15, 2024, has seen a surge in activity, with 777 contracts traded today, equating to around 77,700 shares. Below is a chart illustrating CCOI’s trading history over the past twelve months, with the $75 strike highlighted in orange:

Moderna Inc (Symbol: MRNA) also shows significant options trading, with 29,258 contracts changing hands so far today. This volume represents approximately 2.9 million underlying shares, amounting to 55.4% of MRNA’s average daily trading volume over the last month of 5.3 million shares. The $60 strike call option expiring on October 18, 2024, has attracted particular attention, with 1,891 contracts traded, representing about 189,100 underlying shares. Below is the chart depicting MRNA’s trading activity over the past year, with the $60 strike emphasized in orange:

Meanwhile, Applied Materials, Inc. (Symbol: AMAT) registers a notable options volume of 27,229 contracts today, translating to approximately 2.7 million shares, which is 51.1% of AMAT’s average daily trading volume of 5.3 million shares over the past month. The $227.50 strike call option expiring on October 18, 2024, has garnered significant interest with 2,088 contracts traded today, representing roughly 208,800 shares. Below is the chart showing AMAT’s trading history for the past twelve months, with the $227.50 strike highlighted in orange:

For details on available expirations for CCOI, MRNA, or AMAT options, 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.