Russ Cohen

Analysis of Noteworthy Thursday Option Activity Insight into Remarkable Option Trading Activity: HLT, TSLA, RILY

Among the components of the Russell 3000 index, an intriguing narrative unfolds in today’s options trading realm. The stage is set with Hilton Worldwide Holdings Inc (Symbol: HLT) taking center stage. A total of 39,248 contracts have exchanged hands thus far, embodying the essence of 3.9 million underlying shares. This transactional ballet represents a staggering 247.6% of HLT’s average daily trading volume during the past month – a statistic that speaks volumes about the fevered clamor for Hilton’s options. In tandem, the $210 strike call option, expiring on April 17, 2025, witnessed a compelling performance with 22,001 contracts trading hands today, equivalent to 2.2 million underlying shares of HLT. The pulsating rhythm of the market can be seen in the trailing twelve-month trading history represented below, with the $210 strike shining bright in a fervent orange hue:

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Tesla Inc (Symbol: TSLA) stands under the spotlight next. With options trading volume reaching 1.5 million contracts today, embodying approximately 147.5 million underlying shares or nearly 186.4% of TSLA’s average daily trading volume over the past month, at 79.1 million shares. The $260 strike call option, which matures on September 27, 2024, stole the show with 154,042 contracts changing hands today, equivalent to a thrilling 15.4 million underlying shares of TSLA. The rhythmic ebb and flow of Tesla’s market dynamics is unveiled throughout the trailing twelve-month trading history, accentuated by the striking presence of the $260 strike:

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Lastly, B. Riley Financial Inc (Symbol: RILY) casts its spell over the options trading narrative. A total of 35,279 contracts have been exchanged, reflecting approximately 3.5 million underlying shares or approximately 154.1% of RILY’s average daily trading volume over the past month, of 2.3 million shares. The $4 strike put option, expiring on October 18, 2024, emerged as a key player with 8,778 contracts trading today, translating to about 877,800 underlying shares of RILY. The dramatic arc of RILY’s trading saga is graphically depicted below, with the $4 strike painting a vivid orange hue across the historical canvas:

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In your quest to explore the myriad expirations available for HLT, TSLA, and RILY options, navigate to StockOptionsChannel.com. Let your curiosity lead you into the heart of the options trading arena where fortunes rise and fall with the changing tides of the market.