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Exploring Monday’s Surprising Options Market Trends

Netflix Inc (NFLX): Unleashing an Option Frenzy

Options trading for Netflix Inc. (NFLX) hit an unexpectedly high note today, with a total of 39,981 contracts exchanging hands. This figure equates to approximately 4.0 million underlying shares, significantly surpassing NFLX’s average daily trading volume for the past month by 132.9%. Of particular interest was the soaring activity surrounding the $600 strike put option expiring on April 05, 2024, with 3,008 contracts traded thus far. This effectively represents about 300,800 underlying shares of NFLX. Below, you can observe NFLX’s eventful twelve-month trading journey, with the $600 strike highlighted:

2024 NFLX Trading History

Meta Platforms Inc (META): Option Trading in Full Gear

Turning our attention to Meta Platforms Inc (META), options trading has been buzzing with a total volume of 159,073 contracts traded today. This substantial figure represents approximately 15.9 million underlying shares, marking a remarkable 113.8% of META’s average daily trading volume over the past month. Noteworthy activity was observed for the $500 strike call option expiring on April 05, 2024, with 12,557 contracts traded so far, reflecting approximately 1.3 million underlying shares of META. The chart below illustrates META’s eventful twelve-month trading history, with the $500 strike in focus:

2024 META Trading History

Humana Inc. (HUM): Making Waves in Options Market

Humana Inc. (HUM) also joined the options trading action, with a volume of 14,064 contracts and representing approximately 1.4 million underlying shares. This translates to roughly 97.6% of HUM’s average daily trading volume over the past month. Notably, the $375 strike call option expiring on April 05, 2024, saw significant interest, with 4,028 contracts traded so far, equating to about 402,800 underlying shares of HUM. Check below for a detailed look at HUM’s twelve-month trading history, with the $375 strike highlighted:

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2024 HUM Trading History

For further exploration of the available expirations for NFLX, META, or HUM options, you can visit StockOptionsChannel.com.

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