Options Trading Insights: Aspen, Target, and LendingClub Activity

Recent options trading volume in Aspen Aerogels, Target Corp, and LendingClub highlights significant investor interest. The report reveals unusual trading activity that may foreshadow stock price movements for these companies as notable contracts are being traded.

Date: 22-10-2024

AI Rating: 6

The report indicates substantial options trading activity among companies in the Russell 3000 index, specifically Aspen Aerogels Inc (ASPN), Target Corp (TGT), and LendingClub Corp (LC). This data could suggest potential movements in stock prices based on investor sentiment.

For Aspen Aerogels Inc (ASPN), a total of 15,079 contracts were traded, which accounts for approximately 1.5 million underlying shares or 57.5% of its average daily volume of 2.6 million shares. Significant volume was focused on the $22.50 strike put option, with 4,071 contracts traded, indicating potential bearish sentiment or hedging strategies by investors.

Target Corp (TGT) also experienced notable trading, with 18,090 contracts executed, equating to 1.8 million underlying shares or 55.6% of its average daily volume of 3.3 million shares. The $150 strike put option had 1,524 contracts traded, implying investors may have concerns regarding Target's upcoming performance or market conditions.

Lastly, LendingClub Corp (LC) saw 7,448 contracts changing hands, representing 744,800 underlying shares, or 55.6% of its average daily volume of 1.3 million shares. Here, the action was primarily in the $15 strike call option, with 5,747 contracts traded, suggesting bullish sentiment among traders about LC's future.

Overall, the high volume of options activity in these companies may indicate significant investor expectations that could influence their stock prices in the near future. The emphasis on put options for ASPN and TGT could reflect market hesitance while the call activity for LC demonstrates optimism.

Stocks: ASPN TGT LC