Devon Energy Corp. Option Surges
Today, in the domain of option trading within the Russell 3000 index, Devon Energy Corp.’s (Symbol: DVN) stock took a tremendous plunge, with a total of 51,046 contracts exchanging hands, corresponding to an approximate 5.1 million underlying shares. This amounts to about 56.6% of DVN’s mean daily trading volume over the last month, standing at 9.0 million shares. Specifically, a surge in activity was observed in the $40.50 strike call option due to an impressive 10,513 contracts being traded, representing approximately 1.1 million underlying shares of DVN. A visual representation of DVN’s trading history over the trailing twelve months with the highlighted $40.50 strike is showcased below:
Advance Auto Parts Inc Option Action
Moving on to another player in the market, Advance Auto Parts Inc (Symbol: AAP), reporting a total of 16,851 option contracts traded today. This sizeable number of contracts translates into approximately 1.7 million underlying shares, accounting for an impressive 56.6% of AAP’s mean daily trading volume in the past month, which sits at 3.0 million shares. Notably, the $30 strike put option saw significant activity with 5,589 contracts traded, representing around 558,900 underlying shares of AAP. An illustration of AAP’s trading history over the trailing twelve months with the $30 strike highlighted can be found below:
Affirm Holdings Inc Option Trends
Furthermore, in the trading realm, Affirm Holdings Inc (Symbol: AFRM) witnessed an options trading volume of 51,014 contracts exchanged, indicating approximately 5.1 million underlying shares or roughly 55.1% of AFRM’s mean daily trading volume over the previous month, totaling 9.3 million shares. Noteworthy activity was visible in the $40 strike call option, with 5,429 contracts traded so far today, equivalent to about 542,900 underlying shares of AFRM. A visual demonstration of AFRM’s trading history over the last twelve months, specifically with the $40 strike highlighted, is outlined below:
