Russ Cohen

Analysis of Noteworthy Monday Option Activity Unusual Monday Option Activity: AAPL, ALT, COST

Apple Inc (AAPL) Option Activity

As the trading day unfolded, Apple Inc. (AAPL) caught the eyes of market participants with significant options trading activity. Approximately 1.1 million contracts, equivalent to around 114.7 million shares, have changed hands so far. This dramatic surge represents about 134.8% of AAPL’s average daily trading volume over the last month – standing as a colossal outlier in the stock’s history.

Traders flocked towards the $210 strike call option expiring on June 28, 2024, with 98,046 contracts executed today, reflecting approximately 9.8 million underlying AAPL shares. This frenzied rush towards the option stands out vividly against the backdrop of ordinary market activities. The striking numbers paint a vivid picture of the investor sentiment towards AAPL at present.

Delving into historical patterns, the provided chart displays AAPL’s trading evolution over the trailing twelve months, firmly outlining the highlighted $210 strike call option in a vibrant shade of orange, a beacon amidst the tumult of options trading.

AAPL Chart

Altimmune Inc (ALT) Option Activity

Altimmune Inc (ALT) also stood out in the options market today, with a trading volume of 34,355 contracts, representing about 3.4 million underlying shares or approximately 118.3% of ALT’s average daily trading volume over the past month. This surge in activity casts a spotlight on ALT and its evolving market dynamics.

Notably, the $10 strike call option expiring on July 19, 2024, witnessed heightened interest, with 5,640 contracts traded so far. This translates to roughly 564,000 underlying shares of ALT exchanging hands. The buzz surrounding this option hints at a nuanced dance of risk and reward playing out in ALT’s trading sphere.

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A glance at the trailing twelve month trading history of ALT, with the $10 strike call option prominently featured in orange, provides a compelling visual narrative of today’s activity in the stock.

ALT Chart

Costco Wholesale Corp (COST) Option Activity

Costco Wholesale Corp (COST) entered the options limelight with a trading volume of 23,101 contracts, reflecting approximately 2.3 million underlying shares or about 114.6% of COST’s average daily trading volume over the past month. The flurry of activity around COST underscores investors’ heightened interest in the stock.

Of particular note was the $850 strike call option expiring on June 28, 2024, which experienced elevated trading volume today, with 1,234 contracts executed, representing around 123,400 underlying shares of COST. This surge in trading activity illuminates a unique chapter in COST’s options market narrative.

A visual representation of COST’s trading journey over the past twelve months, with the $850 strike call option accentuated in orange, encapsulates the essence of today’s fervor within the stock.

COST Chart

Explore More Options Opportunities

To delve deeper into available expirations for AAPL, ALT, or COST options, enthusiasts can navigate to StockOptionsChannel.com for a comprehensive overview of the market landscape.

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