High Options Trading Volume Noted in Multiple Stocks

Today's report highlights significant options trading volumes for Honeywell, Cinemark, and Moderna, indicative of market sentiment and potential stock price movements ahead. Investors should closely monitor these activities.

Date: 22-10-2024

AI Rating: 5

The report reveals noteworthy options trading volume in three companies: Honeywell International Inc (HON), Cinemark Holdings Inc (CNK), and Moderna Inc (MRNA)."

Honeywell International Inc (HON): The total of 14,084 contracts traded is approximately 1.4 million underlying shares, reaching 47.8% of its average daily trading volume of 2.9 million shares. Notably, the high volume in the $210 strike put option indicates bearish sentiment, as it suggests traders are anticipating a decline in HON's stock price.

Cinemark Holdings Inc (CNK): With 10,623 contracts trading, representing about 1.1 million underlying shares, and 46.6% of its average daily volume of 2.3 million shares, CNK also displays high options activity. The $26 strike put option indicates that investors might be expecting a downturn in CNK's stock.

Moderna Inc (MRNA): The company reported the highest options volume with 21,553 contracts, equating to roughly 2.2 million underlying shares, which is 46.4% of its average daily volume of 4.6 million shares. The trading in the $60 strike call option could reflect positive sentiment among investors, though the overall trading pattern suggests mixed expectations.

Overall, the high trading volume across these stocks could signal increased volatility ahead. Investors typically view significant options trading as a precursor to larger price movements. The activity in put options may indicate hedging strategies or bearish sentiment, while the call options in MRNA suggest a potential positive outlook.

Stocks: HON CNK MRNA