High Options Trading Volume Observed for ADP, CVX and CI

Increased options trading volume for ADP, CVX, and CI indicates market activity. Investors should pay attention to these movements, suggesting potential impacts on stock prices.

Date: 29-01-2025

AI Rating: 6

Options Trading Activity Overview
The report highlights significant options trading activity for three major companies in the Russell 3000 index: Automatic Data Processing Inc. (ADP), Chevron Corporation (CVX), and The Cigna Group (CI). Options trading volume can be a precursor to stock price movements, as it reflects investor sentiment and expectations.

ADP Analysis
For ADP, a total volume of 7,003 options contracts has been traded, equivalent to 700,300 underlying shares. This represents 43.8% of its average daily trading volume of 1.6 million shares. Notably, the $300 strike call option expiring on May 16, 2025 has seen 769 contracts traded, indicating bullish sentiment from investors.

CVX Analysis
Chevron Corporation has recorded an impressive 31,672 options contracts, translating to approximately 3.2 million underlying shares, or 42.5% of its average daily trading volume of 7.5 million shares. The $165 strike call option expiring March 21, 2025 shows high trader interest with 16,056 contracts traded, suggesting positive expectations for CVX.

CI Analysis
The Cigna Group has also experienced notable trading with 6,285 contracts representing around 628,500 shares, or 41.8% of its average daily share volume. The focus is on put options, particularly the $297.50 put option expiring January 31, 2025, indicating some bearish sentiment, with 1,217 contracts traded.

Overall, the options trading activity across these companies suggests varying investor sentiments, with ADP and CVX leaning positive, while CI's data reflects a more cautious approach.

Stocks: ADP CVX CI