Adding fuel to the market’s fire, Friday saw significant options trading volume in several companies on the Russell 3000 index. NVIDIA Corp (Symbol: NVDA) experienced exceptional activity with a total of 1.1 million contracts traded, representing approximately 112.8 million underlying shares. This amounted to a staggering 273.2% of NVDA’s average daily trading volume over the past month. The $550 strike call option expiring January 12, 2024, was particularly popular, with 107,569 contracts traded, representing approximately 10.8 million underlying shares of NVDA. The company’s trailing twelve-month trading history, with the $550 strike highlighted in orange, reflects the fervor in the options market for NVDA stocks.
Citigroup Inc (Symbol: C) also witnessed a substantial surge in options trading volume, with 543,337 contracts traded, representing approximately 54.3 million underlying shares or 262.8% of C’s average daily trading volume over the past month. The $55 strike call option expiring January 19, 2024, garnered significant attention, with 76,871 contracts traded, representing approximately 7.7 million underlying shares of C. Similar to NVDA, a chart depicting C’s trailing twelve-month trading history with the $55 strike highlighted in orange provides a visual representation of the heightened activity in the options market for C shares.
Boeing Co. (Symbol: BA) was not immune to the options trading flurry, as it recorded a volume of 228,181 contracts, representing approximately 22.8 million underlying shares or 252% of BA’s average daily trading volume over the past month. The $217.50 strike put option expiring January 12, 2024, attracted significant interest, with 12,656 contracts traded, representing approximately 1.3 million underlying shares of BA. A chart displaying BA’s trailing twelve-month trading history with the $217.50 strike highlighted in orange completes the snapshot of the heightened activity in the options market for BA shares.
For a comprehensive overview of available expirations for NVDA, C, or BA options, interested parties can visit StockOptionsChannel.com. The website provides detailed information on the various options available for these companies, empowering investors to make informed decisions in the volatile options market.
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