Russ Cohen

Market Buzz: Trading Frenzy Hits MTTR, AAPL, OXY

MTTR Option Activity

The stock market witnessed a whirlwind of trading activity today, with the spotlight on Matterport Inc (MTTR). An impressive 27,989 contracts, equivalent to about 2.8 million underlying shares, changed hands. This amounted to a staggering 95.6% of MTTR’s typical daily trading volume over the past month. Noteworthy action was observed on the $2.50 strike put option expiring on April 19, 2024, with a substantial 12,610 contracts traded, representing approximately 1.3 million MTTR shares. Investors keep a sharp eye on this development, akin to a hawk vigilantly watching its prey.

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AAPL Option Activity

Apple Inc (AAPL) was another major player in today’s option market frenzy. A whopping 682,893 contracts, representing approximately 68.3 million underlying shares, were traded. This total accounted for around 90.8% of AAPL’s average daily trade volume in the last month. The $172.50 strike call option expiring on March 28, 2024, recorded substantial activity, with 91,389 contracts traded so far, equivalent to approximately 9.1 million AAPL shares. This surge in trading activity leaves investors buzzing with anticipation, akin to children eagerly awaiting the opening of presents on Christmas morning.

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OXY Option Activity

Occidental Petroleum Corp (OXY) was not left out of the excitement, with 59,646 contracts trading, representing about 6.0 million underlying shares. This figure constituted roughly 86.6% of OXY’s average daily trade volume over the past month. The $63 strike put option expiring on April 05, 2024, saw a surge in interest, with 8,578 contracts traded, accounting for approximately 857,800 OXY shares. Investors are closely monitoring this activity, akin to eager spectators glued to an intense match in a sports arena.

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Explore More Opportunities

For a deeper dive into the various expiration options available for MTTR, AAPL, and OXY, visit StockOptionsChannel.com.


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