Options Trading Activity Heats Up for BECN, CFR, and EIX

Options trading sees significant spikes across several companies today. Beacon Roofing Supply, Cullen/Frost Bankers, and Edison International experience increased contract volumes, likely signaling investor interest ahead.

Date: 15-01-2025

AI Rating: 6

High Options Trading Volume Indicators

This report highlights notable options trading activity specifically for Beacon Roofing Supply Inc (BECN), Cullen/Frost Bankers, Inc. (CFR), and Edison International (EIX). Each of these companies has exhibited significant trading volumes that can be an indicator of investor sentiment and potential stock price movement.

For Beacon Roofing Supply (BECN), a total of 3,748 contracts were traded, which represents approximately 374,800 underlying shares. This volume accounts for 69.3% of BECN's average daily trading volume of 541,035 shares. The $130 strike call option expiring on April 17, 2025, saw particularly high activity with 2,000 contracts trading, corresponding to about 200,000 underlying shares.

Cullen/Frost Bankers, Inc. (CFR) also displayed increased activity, with 2,448 contracts traded, translating to approximately 244,800 underlying shares, or 68.8% of CFR's average daily trading volume of 355,985 shares. The $140 strike call option set to expire on January 17, 2025, had significant interest, featuring 1,195 contracts traded, approximating 119,500 underlying shares.

Edison International (EIX) experienced the highest volume among the three, with 29,212 contracts traded. This substantial figure represents about 2.9 million underlying shares, accounting for 68.6% of EIX's average daily trading volume of 4.3 million shares. Notably, the $67.50 strike call option set to expire on February 21, 2025, had 5,420 contracts traded, indicating around 542,000 underlying shares.

Overall, the significant trading volumes in options for these companies suggest strong investor interest and could lead to fluctuations in stock prices, contingent on market perceptions and future stock performance.

Stocks: BECN CFR EIX