NVIDIA Corp (NVDA) Rises Dramatically
Today, in the world of options trading, NVIDIA Corp (NVDA) took the center stage, captivating investors with a staggering total of 1.4 million contracts changing hands. This number equivalates to approximately 137.9 million underlying shares, which amounts to about 249.3% of NVDA’s average daily trading volume over the past month – a figure of 55.3 million shares. Of particular interest was the $920 strike call option with an expiration date of March 08, 2024, witnessing a substantial volume of 53,667 contracts traded, corresponding to roughly 5.4 million underlying shares of NVDA.
For a visual representation of NVDA’s tumultuous trading history over the past twelve months, observe the chart below, with the $920 strike prominently highlighted in an eye-catching orange hue:
Netflix Inc (NFLX) Makes Waves
Meanwhile, Netflix Inc (NFLX) saw notable options activity today, with a total of 39,639 contracts traded so far. This volume corresponds to around 4.0 million underlying shares, which represents a substantial 111.5% of NFLX’s average daily trading volume over the past month, totaling 3.6 million shares. The $650 strike call option expiring on March 15, 2024, also attracted significant attention, with 2,378 contracts traded, representing approximately 237,800 underlying shares of NFLX.
To gain further insight into NFLX’s performance, refer to the chart below, highlighting the $650 strike amidst the stock’s year-long trading journey:
Fox Corp (FOXA) Enters the Fray
Adding to the intrigue, Fox Corp (FOXA) exhibited significant options trading activity, with 41,660 contracts traded thus far. This volume translates to about 4.2 million underlying shares, amounting to a sizable 100.8% of FOXA’s average daily trading volume over the past month, which stood at 4.1 million shares. The $37 strike call option expiring on July 19, 2024, saw heightened interest, with 22,198 contracts traded, representing approximately 2.2 million underlying shares of FOXA.
For a comprehensive view of FOXA’s historical trading patterns, refer to the chart below, accentuating the $37 strike against the backdrop of FOXA’s past year:
Exploring Further
To explore the array of expiration options available for NVDA, NFLX, and FOXA, curious investors can visit StockOptionsChannel.com for more details.
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