Crane Co (CR) – Unusual Activity Surfaces
Peculiar winds blew over the options market on Monday as Crane Co (CR) took center stage. An astonishing 2,952 contracts, equivalent to approximately 295,200 underlying shares, exchanged hands. This surge accounted for a staggering 123.7% of CR’s average daily trading volume over the past month at 238,620 shares.
Among the plethora of options, the $150 strike call option expiring on September 20, 2024, stood out with 1,115 contracts traded, representing around 111,500 underlying shares of CR. This anomaly was captured vividly in CR’s trading history chart, with the $150 strike shining brightly in orange hues.
Scorpio Tankers Inc (STNG) – A Torrent of Options Volume
A maelstrom of options activity enveloped Scorpio Tankers Inc (STNG) on Monday, with a whopping 10,869 contracts traded, equivalent to approximately 1.1 million underlying shares. This deluge represented a substantial 122% of STNG’s average daily trading volume over the past month, pegged at 891,235 shares.
Of particular note was the fervor surrounding the $80 strike call option expiring on October 18, 2024, with 3,247 contracts changing hands, translating to roughly 324,700 underlying shares of STNG. The intensity of this event was immortalized in STNG’s trading history chart, with the $80 strike gleaming in a vibrant orange glow.
Tesla Inc (TSLA) – Whirlwind of Options Trading
The market buzzed with frenetic energy around Tesla Inc (TSLA) as 932,856 contracts, approximating 93.3 million underlying shares or 116.3% of TSLA’s average daily trading volume over the past month (80.2 million shares), filled the options arena.
Of special interest was the spectacular performance of the $220 strike call option expiring on August 30, 2024, witnessing 71,466 contracts transacted, equivalent to around 7.1 million underlying shares of TSLA. The awe-inspiring spectacle played out in TSLA’s trading history chart, adorned with the brilliance of the $220 strike.
Further Exploration
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