Analyzing Noteworthy Option Trends
Today’s options trading activity within the components of the Russell 3000 index has sparked a keen interest, particularly involving Goosehead Insurance Inc (GSHD), where a substantial volume of 1,323 contracts has changed hands. This volume is equivalent to about 132,300 underlying shares, representing an impressive 47.8% of GSHD’s average daily trading volume over the past month of 276,945 shares.
The spotlight shines even brighter on the $80 strike put option for GSHD expiring on August 16, 2024, with a whopping 539 contracts traded today, reflecting approximately 53,900 underlying shares of GSHD. The trading history chart below showcases GSHD’s performance, with the $80 strike prominently highlighted in shades of orange.
The Tale of Boston Beer Co Inc (SAM)
Boston Beer Co Inc (SAM) isn’t far behind, with options trading hitting a volume of 580 contracts today, equivalent to about 58,000 underlying shares. This represents a significant 47.3% of SAM’s average daily trading volume over the past month, signaling a heightened interest among investors.
A noteworthy surge in trading is observed for the $250 strike put option of SAM expiring on August 16, 2024, with 152 contracts traded so far today, translating to approximately 15,200 underlying shares. SAM’s trading history displayed below features the $250 strike in a vivid orange hue.
Insights on Norfolk Southern Corp (NSC)
Norfolk Southern Corp (NSC) has also witnessed notable options trading activity, with a volume of 5,316 contracts today. This volume is representative of about 531,600 underlying shares, or approximately 47% of NSC’s average daily trading volume over the past month, signifying an active trading day for the company.
The $240 strike call option for NSC expiring on August 02, 2024, has generated exceptional interest, with 1,619 contracts traded today, representing roughly 161,900 underlying shares of NSC. NSC’s trading history chart illustrated below showcases the $240 strike option highlighted prominently in orange.
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