Significant Trades Unfold
Today witnessed remarkable options trading activity within the Russell 3000 index. Tesla Inc (Symbol: TSLA) stood out with a whopping 1.2 million contracts traded, equivalent to around 122.9 million underlying shares. This represents a staggering 158.2% of TSLA’s average daily trading volume over the past month, making it a monumental feat.
Among the many trades, the $225 strike call option expiring on September 13, 2024, garnered particular attention with 89,997 contracts exchanging hands today. This amounts to roughly 9.0 million underlying TSLA shares. The intensity of trading can be visualized in the chart below, where the $225 strike is highlighted in a radiant orange, a beacon of investor fervor:
Costco Wholesale Corp in the Limelight
In parallel, Costco Wholesale Corp (Symbol: COST) experienced notable options trading action with 25,134 contracts traded, representing about 2.5 million underlying shares, equivalent to a remarkable 154% of COST’s average daily trading volume over the past month, which stood at 1.6 million shares.
Of particular interest was the $890 strike call option expiring on September 13, 2024, witnessing 1,323 contracts traded today, reflecting roughly 132,300 underlying shares of COST. The chart below showcases COST’s trading history, with the $890 strike shining forth:
Netflix Inc Making Waves
Moreover, Netflix Inc (Symbol: NFLX) featured prominently today with 42,285 contracts traded. These contracts amount to approximately 4.2 million underlying shares, constituting a substantial 152.6% of NFLX’s average daily trading volume over the past month, which sat at 2.8 million shares.
A highlight of the day was the $600 strike put option expiring on September 20, 2024, with 3,134 contracts traded, representing about 313,400 underlying shares of NFLX. The chart below illustrates NFLX’s trading journey, with the $600 strike taking center stage:
Exploring Options Further
For a more comprehensive view of the various available expirations for TSLA, COST, or NFLX options, investors can explore StockOptionsChannel.com for deeper insights and analysis.
