Notable Friday Option Activity: CHTR, SPWR, MDGL
Among the underlying constituents of the Russell 3000 Index, we saw remarkable options trading volume today at Charter Communications Inc (ticker: CHTR), where a total of 8,017 contracts were traded up to present, representing approximately 801,700 underlying shares. This equates to about 62.9% of CHTR’s average daily trading volume over the past month of 1.3 million shares. Particularly high volume was seen for the $300 strike put option expiring on January 19, 2024, with 606 contracts traded so far today, representing approximately 60,600 underlying shares of CHTR. Below is a chart showing CHTR’s trading history over the last twelve months, with the $300 strike highlighted in orange:
SunPower Corp (ticker: SPWR) had options trading volume of 22,356 contracts, representing approximately 2.2 million underlying shares, or approximately 60.7% of SPWR’s average daily trading volume during the last month, or 3.7 million shares. Particularly high volume was seen for the $17.50 strike call option expiring on February 3, 2023, with 4,149 contracts traded so far today, representing approximately 414,900 underlying shares of SPWR . Below is a chart showing SPWR’s past twelve month trading history, with the $17.50 strike highlighted in orange:
And Madrigal Pharmaceuticals Inc (Ticker: MDGL) options are showing volume at 2,476 contracts so far today. This number of contracts represents approximately 247,600 underlying stocks, or 60.7% of MDGL’s average daily trading volume over the past month, or 408,115 stocks. Particularly high volume was seen for the $390 strike call option expiring April 21, 2023, with 1,001 contracts traded so far today, representing approximately 100,100 underlying MDGL shares. Below is a chart showing MDGL’s trading history over the past twelve months, with the $390 strike highlighted in orange:
For the different expirations available for CHTR options, SPWR options or MDGL options, visit StockOptionsChannel.com.
• PCG Videos
• Institutional holders of GLDX
• Top ten hedge funds holding VMCA
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.