AMD: A Chip Off the Old Block
The trading floor was abuzz as Advanced Micro Devices Inc (Symbol: AMD) witnessed a flurry of options action today. An eye-popping 598,808 contracts have changed hands, equivalent to a staggering 59.9 million underlying shares. This whopping figure represents a formidable 85.6% of AMD’s average daily trading volume over the past month. The highlight of the day was the $200 strike call option expiring on March 15, 2024, which saw 43,720 contracts traded, translating to about 4.4 million underlying shares of AMD being in the spotlight.
ALGM: Riding the Waves of Demand
Turning the focus to Allegro MicroSystems Inc (Symbol: ALGM), the options market exhibited robust activity with 16,039 contracts traded so far today. This volume equates to approximately 1.6 million underlying shares, constituting a significant 85.3% of ALGM’s average daily trading volume over the past month, which stood at 1.9 million shares. The $25 strike put option expiring on May 17, 2024, stole the show with 15,005 contracts traded, representing around 1.5 million underlying shares of ALGM.
AIG: The Insurance Giant Makes Waves
American International Group Inc (Symbol: AIG) was not to be outdone, with options trading hitting a volume of 37,364 contracts today. This figure signifies approximately 3.7 million underlying shares, comprising a substantial 80.7% of AIG’s average daily trading volume over the past month, which clocked in at 4.6 million shares. Standing out was the $80 strike call option expiring on June 21, 2024, with a noteworthy 12,441 contracts traded, representing roughly 1.2 million underlying shares of AIG.
For a more in-depth look at the various expiration options available for AMD, ALGM, or AIG, investors can visit StockOptionsChannel.com.
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