Charter Communications Inc (CHTR) Options Surge
Beneath the skin of the S&P 500 index lies the tale of intense trading fervor. Today, the spotlight shines on Charter Communications Inc (CHTR), where a thunderous 23,816 contracts have changed hands, embodying a staggering 2.4 million underlying shares. This trading spectacle amounts to a whopping 135% of CHTR’s accustomed daily trading volume over the last lunar cycle of 1.8 million shares. Amid this financial frenzy, a particular crescendo was observed for the $285 strike put option expiring on March 28, 2024, with 12,092 contracts in vigorous motion, symbolizing close to 1.2 million shares of CHTR. Witness history unfold in the chart below, depicting CHTR’s journey over the past twelve moons, with the $285 strike painted in vivid orange hues:
Micron Technology Inc (MU) Options Heat Up
A storm is brewing in the world of Micron Technology Inc. (MU) options, with a hefty 160,561 contracts greasing the wheels of market activity today. These contracts embody a mammoth 16.1 million underlying shares, constituting a substantial 85.4% of MU’s customary daily trading volume over the bygone month, perched at 18.8 million shares. Amidst the tempest, the $100 strike call option set to expire on May 17, 2024, stands in the eye of the hurricane, with 7,474 contracts in flight, signifying nearly 747,400 underlying shares of MU. Observe the tumultuous paths in the chart below, painting MU’s journey over the past year, with the $100 strike gleaming in radiant orange tones:
Advanced Micro Devices Inc (AMD) Options Boil Over
In the kingdom of Advanced Micro Devices Inc (AMD), options are ablaze with a vibrant 470,530 contracts swirling in today’s maelstrom. This legion of contracts embodies roughly 47.1 million underlying shares, marking a robust 62.3% of AMD’s conventional daily trading volume over the preceding month, clocked at 75.6 million shares. Amidst this blazing inferno, the $180 strike call option poised to expire on March 22, 2024, stands out like a burning beacon, with a formidable 27,531 contracts dancing in the flames, representing around 2.8 million underlying shares of AMD. Chart the scorching trajectory in the image below, capturing AMD’s evolution over the trailing twelve months, with the $180 strike illuminated in fiery orange hues:
Exploring Options Beyond the Frenzy
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