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High Options Trading Volume Noticed in NCNO, BA, and TRTX

Notable options trading activity has emerged today with significant volumes in NCNO, BA, and TRTX. Investors should consider these trends as they can hint at short-term stock price movements. This could be a critical time to watch these stocks.

Date: 
AI Rating:   7

The recent report highlights significant options trading activity in three notable companies: nCino Inc (NCNO), Boeing Co. (BA), and TPG RE Finance Trust Inc (TRTX). The high contract volumes traded for call options suggest investor confidence in potential price appreciation for these stocks, which can lead to upward price movement in the underlying shares.

nCino Inc (NCNO) experienced a total options volume of 8,976 contracts, amounting to about 897,600 underlying shares traded. This represents a substantial 65.4% of the company’s average daily trading volume over the past month. The focus on the $22.50 strike call option indicates bullish sentiment, as a significant number of contracts (1,245) highlight expectations for price movement ahead of the option's expiration date in April 2025.

Boeing Co. (BA) also saw considerable options activity, with 55,633 contracts traded corresponding to approximately 5.6 million shares—63.7% of its average daily trading volume. The activity surrounding the $172.50 strike call option reinforces a positive outlook among traders, particularly given the number of contracts (2,838) that have been executed today.

TPG RE Finance Trust Inc (TRTX) reported 5,012 contracts with a volume of approx 501,200 shares. This makes up 60.8% of its average daily trading volume. Again, the high volume for the $9 strike call option (5,000 contracts) indicates strong interest among investors, leading potentially to a bullish sentiment.

In conclusion, these strong options trading metrics signal heightened investor activity and optimism surrounding NCNO, BA, and TRTX, suggesting the potential for short-term price increases. Professional investors should remain vigilant of further developments in these stocks as these high volumes can significantly impact underlying stock prices in the near term.