Stirring up a Monday frenzy, the options trading activity among components of the esteemed S&P 500 index is quite the spectacle today. Notably, Netflix Inc (NFLX) is seeing a remarkable surge with a total volume of 71,480 contracts traded so far, representing about 7.1 million underlying shares. This volume is a staggering 184.1% of NFLX’s average daily trading volume over the past month, underscoring a kaleidoscope of vibrant market action.
Meanwhile, Meta Platforms Inc (META) has also stoked the fervor with options showing a substantial volume of 205,695 contracts today, translating to approximately 20.6 million underlying shares. This roaring volume amounts to a sizeable 134.6% of META’s average daily trading volume over the past month, painting the market scene with dynamic hues of spirited trading.
As if that wasn’t enough, the bulls are running wild at Costco Wholesale Corp (COST), which has witnessed an options trading volume of 28,030 contracts, representing about 2.8 million underlying shares. This uproarious activity accounts for a booming 133% of COST’s average daily trading volume over the past month, transforming the Monday market into a bustling carnival of trade.
Strike Call Option Shenanigans
The thunderous roar of options trading is amplified by the particularly high volume observed for the $600 strike call option on NFLX expiring January 26, 2024, with 2,075 contracts having already exchanged hands. The $390 strike call option for META expiring on the same date has also turned heads, with 16,346 contracts traded. Not to be outdone, the $725 strike call option for COST expiring on January 26, 2024, has seen a jolly good time, with 938 contracts adding to the revelry.
Historical Context and Trading History
Delving into historical context, the bustling activity in these options is reminiscent of the market frenzy witnessed during key historical events such as the Dotcom bubble and the subprime mortgage crisis. The high-octane trading volumes reflect a mix of exuberance, speculation, and price discovery that has historically preceded significant market moves and volatility.
The frenetic trading history is displayed in the vivid charts below, with the highlighted strike points resembling festively lit attractions at a bustling carnival, drawing in market participants who are eager to partake in the thrill and excitement of these trading spectacles.
Netflix Inc (NFLX) Trailing Twelve Month Trading History – $600 Strike Highlighted in Orange
Meta Platforms Inc (META) Trailing Twelve Month Trading History – $390 Strike Highlighted in Orange
Costco Wholesale Corp (COST) Trailing Twelve Month Trading History – $725 Strike Highlighted in Orange
Exploring Available Expirations
For further exploration of the various available expirations for NFLX, META, or COST options, investors can visit StockOptionsChannel.com, a veritable midway of market insights and option merriment.
Today’s Most Active Call & Put Options of the S&P 500 »
