Noteworthy friday Options Trading Activity: EL, AMC And DKS | Market Insights

In the fast-paced world of options trading, where things change quickly, it’s crucial to watch for important activity to make smart decisions. Today, we’ll look at what’s happening with options trading for some companies in the Russell 3000 index. We’ll focus on Estee Lauder Cos., Inc. (EL), AMC Entertainment Holdings Inc. (AMC), and Dick’s Sporting Goods, Inc. (DKS). We’ll talk about how many options are being traded, any trends we see, and what this might mean for investors.

Estee Lauder Cos., Inc. (EL)

Overview

Estee Lauder Cos., Inc., a stalwart in the cosmetics industry, commands attention today with remarkable options trading activity. As of the latest data, a total volume of 11,382 contracts has been exchanged capturing approximately 1.1 million underlying shares. This volume represents a significant portion, constituting 52.5% of EL’s average daily trading volume over the past month.

Highlighted Option

Of particular interest is the $155 strike call option expiring on June 21, 2024. A substantial 4,365 contracts have been traded so far today, translating to roughly 436,500 underlying shares of EL. Below, we present a visual depiction of EL’s trailing twelve-month trading history, with the $155 strike highlighted for clarity.

AMC Entertainment Holdings Inc. (AMC)

Overview

AMC Entertainment Holdings Inc., synonymous with the cinematic experience, witnesses robust options trading activity today. A staggering volume of 68,098 contracts has been recorded, equivalent to approximately 6.8 million underlying shares. This activity represents nearly half, accounting for 49.8%, of AMC’s average daily trading volume over the past month.

Highlighted Option

Drawing attention is the $3.50 strike put option expiring on April 19, 2024. With 7,212 contracts traded thus far, approximately 721,200 underlying shares of AMC are in focus. Below, observe AMC’s trailing twelve-month trading history with the $3.50 strike emphasized.

Dick’s Sporting Goods, Inc (DKS)

Overview

Dick’s Sporting Goods, Inc., a beacon in the realm of athletic retail, experiences notable options trading volume in today’s market. A total of 7,750 contracts have been exchanged, representing around 775,000 underlying shares. This volume constitutes 45.6% of DKS’s average daily trading volume over the past month.

Highlighted Option

Of significance is the $160 strike call option expiring on June 21, 2024. With 2,001 contracts traded thus far approximately 200,100 underlying shares of DKS are under scrutiny. Below, observe DKS’s trailing twelve-month trading history with the $160 strike accentuated.

In summary: today’s options trading scene offers interesting chances and movements in Estee Lauder Cos., Inc. (EL), AMC Entertainment Holdings Inc. (AMC), and Dick’s Sporting Goods, Inc. (DKS). It’s important for both investors and traders to carefully analyze these trends and think about how they might affect their investment plans. For more information on available options expirations for EL, AMC, or DKS, we suggest checking out Nasqad.com.

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Disclaimer: The information provided is for educational purposes only and should not be construed as financial advice. Investors should conduct their own research and consult with a professional advisor before making any investment decisions.

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