High Options Trading Volume Observed in Target, WDC, CAR

High trading volumes mark a significant day for Target Corp, Western Digital Corp, and Avis Budget Group. Investors are keenly watching these developments as options trading could impact stock prices moving forward.

Date: 14-01-2025

AI Rating: 7

Options Trading Volume Insights
Today, we observe substantial options trading volumes for several companies, notably Target Corp (TGT), Western Digital Corp (WDC), and Avis Budget Group Inc (CAR). The trading volumes are significant compared to their average daily volumes, indicating investor interest.

For Target Corp (TGT), an impressive total of 22,034 options contracts were traded, equating to about 2.2 million underlying shares. With the notable trading of 4,672 contracts for the $145 strike call option set to expire on January 17, 2025, this signals a bullish sentiment among investors, who may anticipate TGT's stock price to rise, potentially affecting its stock price positively.

Western Digital Corp (WDC) also showed a notable trading volume of 26,959 contracts. The heavy activity in the $80 strike call option, where 10,549 contracts traded today, reflects similar positive market sentiment. This uptick in options trading suggests investors are positioned for potential gains, which could also support a positive stock price trajectory.

Avis Budget Group Inc (CAR) has seen 2,821 contracts traded, representing a meaningful 47.2% of its average daily volume. The focus here seems to be on the $85 strike put option with 757 contracts traded. This might indicate some caution among investors, potentially hinting at bearish sentiments, which could negatively impact CAR’s stock price.

Considering the substantial option volumes across these key companies, particularly the bullish actions in TGT and WDC, stock price movements may be influenced positively, whereas CAR may face some downward pressure due to the observed put option activity.

Stocks: TGT WDC CAR