MicroStrategy Inc. (MSTR)
Options trading activity in MicroStrategy Inc. (MSTR) saw a substantial uptick on Friday, with a total volume of 54,018 contracts changing hands. This volume is notable as it represents approximately 5.4 million underlying shares. To put this in perspective, this figure translates to about 426.6% of MSTR’s average daily trading volume over the past month, standing at 1.3 million shares. Of particular interest was the $1600 strike call option expiring on May 31, 2024, which amassed 1,508 contracts today, symbolizing roughly 150,800 underlying shares of MSTR. The surge in activity has caught the attention of investors as they navigate the dynamic landscape of options trading.
Microsoft Corporation (MSFT)
Turning to Microsoft Corporation (MSFT), the options market also experienced heightened activity on Friday, with a robust volume of 378,572 contracts. This quantity signifies approximately 37.9 million underlying shares, amounting to around 221.3% of MSFT’s average daily trading volume over the past month, which stands at 17.1 million shares. Notably, the $405 strike put option expiring on May 31, 2024, attracted significant interest, with 13,720 contracts traded, representing about 1.4 million underlying shares of MSFT. Investors are closely monitoring this surge in options trading as they gauge market sentiment and potential strategies.
Coinbase Global Inc (COIN)
Coinbase Global Inc (COIN) also witnessed vibrant options trading activity on Friday, with a total volume of 192,813 contracts. This volume translates to approximately 19.3 million underlying shares, which is roughly 212.7% of COIN’s average daily trading volume over the past month, standing at 9.1 million shares. The $235 strike call option expiring on June 07, 2024, was particularly active, with 25,884 contracts traded today, representing about 2.6 million underlying shares of COIN. This surge in options trading is drawing attention from market participants seeking to capitalize on emerging opportunities within the market.
Exploring Further
For additional insights on the available expirations for MSTR, MSFT, or COIN options, investors can visit StockOptionsChannel.com. It is a pivotal moment for investors to scrutinize and potentially leverage these option trends to inform their investment decisions.
