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High Options Trading Volume for BKNG, CEG, and NVDA Today

Increased trading activity is observed in major S&P 500 stocks. Notably, Booking Holdings (BKNG), Constellation Energy (CEG), and NVIDIA (NVDA) have significant options activity indicating potential volatility and investor interest in these companies.

Date: 
AI Rating:   7
Options Trading Activity Overview
This report highlights significant options trading activity within the S&P 500, particularly for Booking Holdings Inc (BKNG), Constellation Energy Corp (CEG), and NVIDIA Corp (NVDA). Such high volumes can impact stock prices, based on investor sentiment and market expectations.

Booking Holdings Inc (BKNG)
BKNG has recorded a notable options trading volume of 5,696 contracts, equating to about 569,600 underlying shares. This volume is an impressive 275.3% of BKNG's average daily trading volume over the past month. The high interest in the $5100 strike call option, with 488 contracts traded today, signifies bullish investor sentiment towards BKNG. Investors are anticipating upward price movement, which could drive stock prices higher due to heightened demand for the stock.

Constellation Energy Corp (CEG)
CEG has experienced an even larger options trading volume of 75,418 contracts, representing approximately 7.5 million underlying shares and 252.2% of its average daily trading volume. The trading activity surrounding the $300 strike call option suggests that investors are also optimistic about CEG’s performance in the near future, which can result in upward pressure on the stock price.

NVIDIA Corp (NVDA)
NVIDIA has reported an extraordinary options volume of 2.6 million contracts, which translates to around 258.1 million underlying shares. This is a significant 121.7% of NVDA’s average daily trading volume. The high volume in the $136 strike call option points to substantial investor engagement and belief in NVDA’s continued growth. Such volume might lead to positive stock price movements as more investors may look to capitalize on NVDA’s potential upside.

In summary, the elevated trading volumes of options for BKNG, CEG, and NVDA point towards investor optimism about these companies. If this sentiment is reflected in stock performance, we may witness upward trends in the near term.