Surge in Options Trading: Scorpio Tankers, MP Materials, and Foot Locker Draw Attention
Scorpio Tankers Inc. (Symbol: STNG) stands out today with impressive options trading activity. A total of 9,415 contracts have been exchanged, translating to approximately 941,500 underlying shares. This volume represents 100.1% of STNG’s average daily trading volume over the past month, which is 940,240 shares. Notably, the $60 strike call option, expiring on January 17, 2025, saw heightened interest with 2,708 contracts traded, equating to about 270,800 underlying shares of STNG. Below is STNG’s trailing twelve-month trading history, highlighting the $60 strike in orange:
MP Materials Corp (Symbol: MP) is also making waves in the options market today, with 24,405 contracts traded. This volume corresponds to approximately 2.4 million underlying shares, representing 99.4% of MP’s average daily trading volume of 2.5 million shares over the past month. The $25 strike call option, set to expire on January 17, 2025, recorded 4,259 contracts traded, or about 425,900 underlying shares of MP. Here’s a look at MP’s trailing twelve-month trading history, with the $25 strike highlighted in orange:
Foot Locker, Inc. (Symbol: FL) witnessed robust options trading as well. A total of 27,135 contracts traded today equates to about 2.7 million underlying shares, which is approximately 87.2% of FL’s average daily trading volume of 3.1 million shares for the past month. Specifically, the $27 strike call option expiring on December 20, 2024 saw high activity with 2,526 contracts traded; this represents roughly 252,600 underlying shares of FL. The chart below displays FL’s trailing twelve-month trading history, with the $27 strike marked in orange:
To explore various expirations for STNG, MP, or FL 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.
