Trading Frenzy Unleashed
Beneath the surface of the Russell 3000 index, a storm was brewing in the options market. Micron Technology Inc. (MU) caught the eye of traders with a whopping 92,135 contracts changing hands today, equivalent to a staggering 9.2 million shares in play. This seismic activity amounts to nearly half of MU’s average daily trading volume over the past month. One particular meteoric rise was the $124 strike call option expiring on May 17, 2024, witnessing a frenzy of 4,706 contracts traded, representing about 470,600 underlying MU shares. The charts depicted MU’s tumultuous twelve-month trading saga, with the $124 strike shining bright in vivid orange hues.
AMD Rises in the Options Sky
The Advanced Micro Devices Inc. (AMD) camp was not to be left out of this options extravaganza. A colossal 249,054 contracts were on the move today, equivalent to a mammoth 24.9 million underlying shares shifting hands. This surge accounted for a significant 49.1% of AMD’s average daily trading volume over the past month. The $155 strike call option expiring on May 17, 2024, stood out like a dazzling comet, with 27,296 contracts traded, signifying about 2.7 million AMD shares in play. The charts painted a vivid picture of AMD’s journey over the past year, with the $155 strike shining brilliantly in orange.
TTWO Makes Waves in the Market
Not to be outdone, Take-Two Interactive Software, Inc. (TTWO) made a splash in the options arena, with 6,684 contracts changing hands today, representing about 668,400 underlying shares, equivalent to roughly 48.3% of TTWO’s average daily trading volume over the past month. The $145 strike put option expiring on May 17, 2024, garnered attention, with 885 contracts traded, indicating around 88,500 TTWO shares in motion. The charts captured TTWO’s market voyage, with the $145 put highlighted in a striking shade of orange.
Exploring the Options Universe
For those seeking to unravel the mysteries of MU, AMD, or TTWO options across various expiration dates, a voyage to StockOptionsChannel.com beckons, promising a treasure trove of possibilities in the tumultuous seas of trading.