News

We provide the latest news
from the world of economics and finance

07 June
Notable Friday Option Activity: NFLX, CVNA, FLNG

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Netflix Inc (Symbol: NFLX), where a total volume of 60,510 contracts has been traded thus far today, a contract volume which is representative of approximately 6.1 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 204.3% of NFLX's average daily trading volume over the past month, of 3.0 million shares. Especially high volume was seen for the $645 strike put option expiring June 07, 2024, with 2,869 contracts trading so far today, representing approximately 286,900 underlying shares of NFLX. Below is a chart showing NFLX's trailing twelve month trading history, with the $645 strike highlighted in orange:

Loading+chart+—+2024+TickerTech.com

Carvana Co (Symbol: CVNA) saw options trading volume of 54,607 contracts, representing approximately 5.5 million underlying shares or approximately 168.2% of CVNA's average daily trading volume over the past month, of 3.2 million shares. Especially high volume was seen for the $110 strike call option expiring June 07, 2024, with 7,091 contracts trading so far today, representing approximately 709,100 underlying shares of CVNA. Below is a chart showing CVNA's trailing twelve month trading history, with the $110 strike highlighted in orange:

Loading+chart+—+2024+TickerTech.com

And Flex LNG Ltd (Symbol: FLNG) saw options trading volume of 4,789 contracts, representing approximately 478,900 underlying shares or approximately 155.7% of FLNG's average daily trading volume over the past month, of 307,625 shares. Especially high volume was seen for the $27 strike call option expiring June 21, 2024, with 1,527 contracts trading so far today, representing approximately 152,700 underlying shares of FLNG. Below is a chart showing FLNG's trailing twelve month trading history, with the $27 strike highlighted in orange:

Loading+chart+—+2024+TickerTech.com

For the various different available expirations for NFLX options, CVNA options, or FLNG options, visit StockOptionsChannel.com.

Also see:

Healthcare Stocks Hedge Funds Are Selling
SWAV Videos
AISP Videos

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.