Options Trading Activity Noteworthy for SBUX, CLH, OXM

In a recent report, significant options trading was observed for Clean Harbors, Starbucks, and Oxford Industries, indicating investor interest. High volumes in specific contracts may hint at potential future movement in stock prices, impacting these companies' market performance.

Date: 11-09-2024

AI Rating: 7

The report details notable options trading activity among several companies, suggesting heightened investor interest that could influence their stock prices.

For Clean Harbors Inc (CLH), there were 1,086 contracts traded so far today, 51.6% of its average daily trading volume of 210,430 shares. A particularly high volume was noted in the $270 strike call option expiring January 17, 2025, with 380 contracts, translating to approximately 38,000 underlying shares. This indicates a bullish sentiment among traders who may expect the stock to rise above this strike price.

In the case of Starbucks Corp (SBUX), there was also considerable options activity, with a total trading volume of 104,655 contracts, representing about 10.5 million underlying shares, or 51% of its average daily trading volume of 20.5 million shares. The $97 strike call option expiring September 13, 2024, garnered significant interest, with 10,048 contracts traded, indicating a potential upward price movement anticipated by investors.

For Oxford Industries, Inc (OXM), options trading reflected 1,512 contracts, equating to about 151,200 underlying shares, or 50.2% of its average daily trading volume of 301,135 shares. Notably, 263 contracts were traded for the $85 strike put option expiring September 20, 2024, which may indicate a bearish sentiment or hedging against potential downward movement, as investors anticipate stock fluctuations.

This heightened options activity can indicate potential volatility and investor expectations of future price movements for these companies, influencing stock performance in the short-term.

Stocks: CLH SBUX OXM