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High Options Trading Volume Noted for Major Companies

A report highlights significant options trading volumes for Verizon, Wynn Resorts, and Walt Disney, indicating increased investor interest which may influence stock price movements in the coming months.

Date: 
AI Rating:   6

The report emphasizes substantial options trading activity for several prominent companies, namely Verizon Communications Inc. (VZ), Wynn Resorts Ltd. (WYNN), and Walt Disney Co. (DIS). High options trading volume can indicate heightened investor interest or speculation about future stock price movements.

For Verizon Communications Inc. (VZ), a total of 68,760 contracts traded represents approximately 6.9 million underlying shares or 44% of its average daily trading volume of 15.6 million shares. The $42 strike call option for December 2024 saw 5,126 contracts traded, equating to about 512,600 underlying shares. This level of activity suggests bullish sentiment among investors, which might push the stock price higher in the near term.

Wynn Resorts Ltd. (WYNN) also experienced significant trading with 8,564 contracts, covering around 856,400 underlying shares and 43.4% of the average daily volume of 2 million shares. The $105 strike call option for February 2025 recorded 1,794 contracts. Such trading volume indicates considerable interest, potentially impacting its stock price positively.

Regarding Walt Disney Co. (DIS), the report highlights options trading volume of 41,681 contracts, representing about 4.2 million underlying shares, or 42.7% of its average daily trading volume of 9.8 million shares. The $110 strike put option expiring in December 2024 had 3,306 contracts traded. The higher volume of put options may suggest concerns over the stock's future performance, which could negatively influence the stock price.

Stocks:  VZ WYNN DIS