High Volume Options Trading
Today, the options trading arena witnessed extraordinary activity within the components of the Russell 3000 index. A standout performer was Ford Motor Co. (F), where a substantial 215,349 contracts exchanged hands, equivalent to about 21.5 million shares. This accounted for 41.9% of Ford’s average daily trading volume over the past month, signaling a significant surge in interest.
Focus on Ford
A remarkable subset of this activity was observed in the $13.50 strike call option set to expire on April 26, 2024. A staggering 34,899 contracts were executed, translating to approximately 3.5 million underlying F shares. This surge in volume showcases heightened investor enthusiasm, with the $13.50 strike clearly in the limelight.
Charting the Trend
Diving into Ford’s trailing twelve-month trading history, the graphical representation highlights the $13.50 strike in a vivid orange hue, emphasizing the substantial options activity seen today. The chart serves as a visual testament to the intense interest surrounding this particular contract.
Evolus Inc. in the Fray
Another player making waves in the options realm is Evolus Inc. (EOLS) with 2,035 contracts traded, representing approximately 203,500 underlying shares. This substantial volume amounts to 41.9% of Evolus’s average daily trading volume over the past month, underlining a pronounced uptick in trader engagement.
Royal Caribbean Group’s Surge
Similarly, Royal Caribbean Group (RCL) witnessed a notable surge in options trading, with 12,055 contracts changing hands, reflecting approximately 1.2 million underlying shares. This uptick accounted for 41.8% of RCL’s average daily trading volume over the past month, indicating a heightened level of market activity.
Exploring Specific Options
Highlighted among the flurry of activity was the $150 strike call option for Royal Caribbean expiring on May 17, 2024. With 1,093 contracts traded thus far today, around 109,300 underlying shares of RCL are in play. This particular contract has captured the attention of traders, driving substantial volume in the options market.
Delving Deeper with Charts
For a more comprehensive view of the trading history and specific options for Ford, Evolus, and Royal Caribbean, the accompanying charts offer insights into the patterns and movements that have unfolded in the options landscape, providing a visual aid for investors navigating these markets.