NVIDIA Corp (NVDA)
The trading floors of Wall Street witnessed a storm as NVIDIA Corp’s (NVDA) options market roared into action. A staggering 1.4 million contracts exchanging hands today, embodying a mammoth 137.9 million underlying shares – a phenomenon riveting investors akin to a fireworks display on the Fourth of July. This soaring activity eclipses NVDA’s usual monthly trading, hitting a vigorous 249.3%. The zenith of this maelstrom was the $920 strike call option expiring on March 8, 2024. A jaw-dropping 53,667 contracts danced through the market, symbolizing around 5.4 million shares of NVDA. Such fervor painted NVDA’s trading history in bold hues, with the oranges of the $920 strike illuminating the path to potential riches.
Netflix Inc (NFLX)
Across the horizon, Netflix Inc (NFLX) set its own fireworks display in the options market. 39,639 contracts changing hands, reflecting a pulsating 4.0 million underlying shares – an electrifying 111.5% of NFLX’s average daily trading volume over the past month. The crescendo of activity resonated around the $650 strike call option expiring on March 15, 2024. 2,378 contracts pirouetted through, signifying approximately 237,800 shares of NFLX. These market vibrations painted NFLX’s trading canvas with the vibrant strokes of the $650 strike.
Fox Corp (FOXA)
Meanwhile, in the foxhole of financial frenzy, Fox Corp’s (FOXA) options market lit up the sky. 41,660 contracts exchanging hands, a buzz equivalent to 4.2 million underlying shares – an eruption equaling 100.8% of FOXA’s average daily trading volume over the past month. At the heart of this tempest lay the $37 strike call option expiring on July 19, 2024. 22,198 contracts swept through the market, symbolizing around 2.2 million shares of FOXA. The FOXA trading landscape was colored with the vivid hues of the $37 strike.
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