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High Options Trading Volume for CE, COST, and AMZN Stocks

Options trading activity surge indicates market interest. Notable volumes seen in stocks like Celanese Corp (CE), Costco Wholesale Corp (COST), and Amazon.com Inc (AMZN), potentially impacting their stock prices in the near future.

Date: 
AI Rating:   6
Options Trading Insights
Today's report highlights the significant options trading activity for three S&P 500 companies: Celanese Corp (CE), Costco Wholesale Corp (COST), and Amazon.com Inc (AMZN).

For Celanese Corp (CE), there was a total volume of 47,677 contracts traded, equating to approximately 4.8 million underlying shares. This volume represents 96.9% of the average daily trading volume over the past month. The most notable activity was for the $50 strike put option which saw 26,516 contracts trade, equivalent to 2.7 million underlying shares. This high put volume may suggest bearish sentiment among traders regarding CE's stock performance.

Costco Wholesale Corp (COST) recorded a volume of 25,854 contracts, representing around 2.6 million underlying shares, or 96.4% of its average daily volume. The significant trading was for the $950 strike call option, with 1,512 contracts traded, indicating a bullish outlook on COST among options traders despite being a smaller volume compared to CE.

Amazon.com Inc (AMZN) experienced the most substantial activity with 436,449 contracts traded, which translates to approximately 43.6 million underlying shares or 91.8% of its average daily trading volume. The $205 strike call option was particularly active with 52,232 contracts exchanged, reflecting a strong bullish sentiment on AMZN stock as traders anticipate positive performance.

Overall, the options trading patterns for these stocks are indicative of traders' sentiments and could serve as indicators for future stock price movements.