High Options Trading Volume Noted for CORZ, TTI, and ACLX

Recent report highlights unusual options trading activity for Core Scientific Inc (CORZ), TETRA Technologies Inc (TTI), and Arcellx Inc (ACLX). The notable volume could indicate shifting investor sentiment, impacting future stock prices.

Date: 19-12-2024

AI Rating: 6

The report discusses significant options trading activity for three companies: Core Scientific Inc (CORZ), TETRA Technologies Inc (TTI), and Arcellx Inc (ACLX). Such activity provides insights into investor sentiment and potential future movements in stock prices.

For Core Scientific Inc (CORZ), a remarkable total volume of 73,128 options contracts has been traded today, which represents approximately 7.3 million underlying shares. This volume is about 64.5% of CORZ's average daily trading volume over the past month, indicating heightened interest among investors. A specific focus on the $10 strike put option, which has seen 15,050 contracts traded (approximately 1.5 million shares), suggests that some investors might be hedging against potential declines in the stock price.

Moving to TETRA Technologies Inc (TTI), there are 5,090 contracts traded, approximating 509,000 underlying shares, representing 64% of TTI's average daily trading volume. The high volume for the $5 strike call option, with 5,000 contracts traded, implies bullish sentiment among traders, potentially indicating expectations of price increases for the stock.

Lastly, Arcellx Inc (ACLX) presents a volume of 3,325 contracts equivalent to about 332,500 underlying shares, which is 62.5% of its average daily trading volume. The high activity for the $50 strike put option—2,000 contracts or roughly 200,000 shares—could reflect caution among investors regarding future volatility or declines in ACLX stock.

Overall, the elevated options volume across these three companies suggests a heightened interest and potential volatility in their stock prices going forward. Investors often watch these indicators closely as they can signal shifts in market sentiment.

Stocks: CORZ TTI ACLX