Russ Cohen

Unusual Activity in Wednesday Options: TSLA, HCP, CYH The Quirky World of Wednesday Options: A Deep Dive into TSLA, HCP, and CYH

Unprecedented Volume and Momentum

Exploring the enigmatic realms of options trading within the Russell 3000 index, today boasts conspicuous activity in Tesla Inc. (TSLA). A staggering 3.6 million contracts have been swiftly exchanged, mirroring approximately 356.1 million underlying shares. This surge, representing a jaw-dropping 365.5% of TSLA’s recent average daily trading volume, hints at a tumultuous journey for investors. Notably, the $160 strike put option, slated to expire on April 26, 2024, has taken the forefront with 209,677 contracts traded, symbolizing around 21.0 million shares of TSLA. Venture through the historical tapestry of TSLA’s past year, vividly highlighting the $160 strike amidst the chaos and frenzy.

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Surging Waves of Interest in HCP

Hashicorp Inc. (HCP) joins the exhilarating options play with 60,999 contracts in motion today. With contracts representing about 6.1 million underlying shares, this flurry equates to a significant 279.9% of HCP’s usual trading volume. The spotlight shines on the $32 strike call option expiring on May 17, 2024, as 10,162 contracts participate, embodying close to 1.0 million shares of HCP. Delve into the annals of HCP’s past trades, witnessing the $32 strike etched in orange, amidst the fervor and anticipation.

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Whirlwind Action in CYH

Meanwhile, Community Health Systems, Inc. (CYH) whirls into the options arena, boasting a flurry of 27,980 contracts stirring today. These contracts, representing around 2.8 million underlying shares, mark a remarkable 180% of CYH’s ordinary trading volume. Noteworthy fervor surrounds the $4 strike call option expiring on June 21, 2024, with 19,409 contracts partaking, encapsulating roughly 1.9 million shares of CYH. Witness the dramatic saga of CYH’s historical trades, with the $4 strike gleaming brightly in orange amid the tumult and exuberance.

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For further insights into the plethora of expiration options available for TSLA, HCP, or CYH, the curious investor is beckoned to visit StockOptionsChannel.com.

Today’s Most Active Call & Put Options of the S&P 500 »

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