Surging Options Trading Activity Underscores Market Vibrancy

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By Ronald Tech

Microsoft’s Options Surge with High Trading Volume

Amidst the underlying components of the Russell 3000 index, Microsoft Corporation (Symbol: MSFT) captured investor attention with a flurry of options trading today. A staggering 185,818 contracts exchanged hands, signaling activity involving approximately 18.6 million underlying shares. This surge surpasses a remarkable 103.2% of MSFT’s average daily trading volume over the past month – an impressive 18.0 million shares.

Notably, the $460 strike call option expiring on July 5, 2024, witnessed heightened interest, with 21,597 contracts traded – that’s akin to about 2.2 million underlying shares of MSFT. Visualizing MSFT’s trading trajectory over the past twelve months, the $460 strike stands out distinctly in vibrant orange hues.

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Tempur Sealy International, Inc. Sees Noteworthy Options Volume

On the other hand, Tempur Sealy International, Inc. (Symbol: TPX) witnessed a robust options trading volume of 16,800 contracts today, representing approximately 1.7 million underlying shares. This massive movement accounts for a substantial 94.5% of TPX’s average daily trading volume over the preceding month – totaling 1.8 million shares.

Topping the charts, the $45 strike put option expiring on July 19, 2024, drew significant attention, with 5,676 contracts traded – equivalent to approximately 567,600 underlying shares of TPX. A detailed chart outlining TPX’s trading performance over the last twelve months prominently displays the $45 strike in vivid orange hues.

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Shift4 Payments Inc: A Flashpoint for Options Traders

Shift4 Payments Inc (Symbol: FOUR) also made headlines in the options market today, with a trading volume of 11,020 contracts – signaling action involving around 1.1 million underlying shares or approximately 91.4% of FOUR’s recent average daily trading volume of 1.2 million shares.

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Noteworthy interest surrounded the $65 strike put option expiring on August 16, 2024, as 5,051 contracts changed hands, representing roughly 505,100 underlying shares of FOUR. A graphical depiction of FOUR’s trading history over the last twelve months prominently features the $65 strike in a striking orange hue.

Loading chart - 2024 TickerTech.com

Exploring Options Beyond Today

For a comprehensive look at the diverse expirations available in MSFT, TPX, or FOUR options, inquiring minds can visit StockOptionsChannel.com for further insights into this pulsating market activity.

Today’s Most Active Call & Put Options of the S&P 500 »

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