Insight Into Options Trading: AMD, ALGM, AIG Unusual Options Activity Strikes AMD, ALGM, and AIG

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By Ronald Tech

Advanced Micro Devices Inc (AMD)

The trading floor was ablaze with activity today as 598,808 contracts exchanged hands for Advanced Micro Devices Inc (AMD), amounting to nearly 60 million underlying shares, a staggering 85.6% of its average daily trading volume for the past month. A standout was the $200 strike call option expiring on March 15, 2024, with an impressive 43,720 contracts traded, representing around 4.4 million underlying shares. This surge in trading volume is depicted vividly in the historical chart below, with the $200 strike displayed in a fiery orange hue:

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Allegro MicroSystems Inc (ALGM)

Allegro MicroSystems Inc (ALGM) also witnessed a flurry of options activity today, with 16,039 contracts traded, translating to approximately 1.6 million underlying shares. This considerable volume accounted for 85.3% of ALGM’s average daily trading volume over the past month. Noteworthy among these trades was the $25 strike put option expiring on May 17, 2024, with 15,005 contracts exchanging hands, representing about 1.5 million underlying shares. The chart below showcases the impact of this activity on ALGM’s trading history, with the $25 strike shining brightly in orange:

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American International Group Inc (AIG)

Across the trading floor, American International Group Inc (AIG) options were traded at a volume of 37,364 contracts today, representing roughly 3.7 million underlying shares. This massive volume accounted for 80.7% of AIG’s average daily trading volume over the past month, which stood at 4.6 million shares. Notable among these trades was the $80 strike call option expiring on June 21, 2024, with 12,441 contracts traded, equivalent to approximately 1.2 million underlying shares of AIG. The historical chart below reflects this activity, with the $80 strike illuminated in a vibrant orange hue:

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For more insights on the various options available for AMD, ALGM, and AIG, visit StockOptionsChannel.com.