Microsoft Corporation – Windows of Opportunity
Within the Russell 3000 index, Microsoft Corporation (MSFT) has set tongues wagging with an exceptional options trading day. The trading floor has been buzzing like a late-night chat show, with around 185,818 contracts swapping hands – equivalent to a staggering 18.6 million underlying shares. This figure notably eclipses 103.2% of MSFT’s average daily trading volume over the past month.
Zooming into specifics, the $460 strike call option due July 05, 2024, has truly stolen the limelight with 21,597 contracts traded, representing roughly 2.2 million underlying shares of MSFT. If numbers could sing, today’s trade would be a chorus of crescendos. Visual learners feast on the below chart detailing MSFT’s market movements, with the $460 strike shining bright in orange hues.
Tempur Sealy International, Inc. – Resting Easy Amidst Options Surge
Meanwhile, Tempur Sealy International, Inc. (TPX) is navigating a veritable storm of options volume, with 16,800 contracts in play today. This figure translates to approximately 1.7 million underlying shares, a hefty 94.5% of TPX’s average daily trading volume over the past month.
Not to be outdone, the $45 strike put option with a July 19, 2024 expiry has captivated traders, with 5,676 contracts exchanging hands. These contracts paint a picture of about 567,600 underlying shares of TPX. The historical market trajectory of TPX, complete with the $45 strike’s prominence, can be seen below.
Shift4 Payments Inc – Steering through the Options Waters
As the trading day unfolds, Shift4 Payments Inc (FOUR) is seeing a considerable uptick in options activity, with 11,020 contracts in motion. These contracts represent roughly 1.1 million underlying shares or a robust 91.4% of FOUR’s average daily trading volume over the past month.
Of special interest is the $65 strike put option set to expire on August 16, 2024, commanding attention with 5,051 contracts changing hands. This translates to approximately 505,100 underlying shares of FOUR. Delve into FOUR’s financial voyage below, highlighting the $65 strike for added clarity.
For a comprehensive overview of the various expiration options for MSFT, TPX, and FOUR, be sure to check out StockOptionsChannel.com.
