Diving into Noteworthy Trades
Amidst the regular hum of options trading, Monday witnessed a surge in activity across the board for Crane Co (CR), Scorpio Tankers Inc (STNG), and Tesla Inc (TSLA), with notable contracts changing hands.
Exciting Movement in Crane Co (CR)
Crane Co (CR) saw an uptick with 2,952 contracts trading, equivalent to about 295,200 underlying shares. This surge, accounting for 123.7% of CR’s average daily trading volume over the past month, was spearheaded by the $150 strike call option expiring in September 2024.
Stepping into historical context, this trading fervor for CR echoes down the annals of time, resonating with past market ebbs and flows that have kept investors on their toes.
Surging Interest in Scorpio Tankers Inc (STNG)
Scorpio Tankers Inc (STNG) also experienced robust activity, with 10,869 contracts traded, reflecting about 1.1 million underlying shares. Particularly noteworthy was the $80 strike call option expiring in October 2024, which witnessed 3,247 contracts changing hands during the day.
This flurry of trades around STNG’s options serves as a testament to the dynamic nature of the markets, where opportunities lurk around every corner.
Thriving Options Market for Tesla Inc (TSLA)
Tesla Inc (TSLA) boasted a staggering 932,856 contracts traded, representing approximately 93.3 million underlying shares. The $220 strike call option expiring in August 2024 was particularly popular, with 71,466 contracts traded, equivalent to about 7.1 million underlying shares of TSLA.
A closer look at TSLA’s trading patterns unveils a tapestry of investor sentiment, woven with threads of anticipation and strategic maneuvering in the financial landscape.
Exploring the possibilities across different expirations for CR, STNG, and TSLA options, enthusiasts seeking more insights can delve into the realms of StockOptionsChannel.com.
