Options Trading Activity Highlights on AMRK, ABNB, and FDX

Recent report reveals noteworthy options trading volumes for A-Mark Precious Metals (AMRK), Airbnb Inc (ABNB), and FedEx Corp (FDX). The heightened activity suggests significant investor interest, which could influence stock prices moving forward.

Date: 13-09-2024

AI Rating: 6

The report details the recent options trading activity for three companies within the Russell 3000 index, specifically A-Mark Precious Metals, Airbnb Inc, and FedEx Corp. This trading activity could signal changing investor sentiment and potential stock price movements in the near future.

For A-Mark Precious Metals (AMRK), there was a total volume of 2,481 contracts traded, which represents about 248,100 underlying shares. This volume accounts for 59.9% of AMRK's average daily trading volume of 414,500 shares over the past month. The focus was primarily on the $55 strike call option expiring on December 20, 2024, with a notable 1,219 contracts trading, amounting to roughly 121,900 underlying shares of AMRK. The high volume of call options might indicate bullish sentiment among investors, which could lead to an upward trend in AMRK's stock price.

Meanwhile, Airbnb Inc (ABNB) experienced options trading volume of 24,298 contracts, representing approximately 2.4 million underlying shares or about 59% of its average daily trading volume of 4.1 million shares. A significant volume of 3,689 contracts was recorded for the $135 strike put option expiring on September 20, 2024, corresponding to approximately 368,900 underlying shares. The high put volume could suggest bearish sentiment regarding ABNB's future price, possibly leading to downward pressure on its stock price.

Lastly, FedEx Corp (FDX) saw a volume of 5,410 contracts traded, representing approximately 541,000 underlying shares, or 58.2% of its average daily volume of 929,915 shares. The $245 strike put option, with 212 contracts trading, indicates a bear sentiment, which could also result in downward pressure on FDX's stock price.

In summary, the variations in options trading volumes for AMRK, ABNB, and FDX suggest differing investor sentiments and could have underlying implications on their respective stock prices.

Stocks: AMRK ABNB FDX