Increased Options Trading Volume for DE, PWR, and CRDO

Increased options trading volume signals investor interest in DE, PWR, and CRDO. Positive trading activity could influence stock prices significantly.

Date: 27-01-2025

AI Rating: 7

Options Trading Insights
Today’s report highlights increased options trading volume for three companies within the S&P 500, namely Deere & Co. (DE), Quanta Services, Inc. (PWR), and Credo Technology Group (CRDO).

For Deere & Co. (DE), a total of 5,223 contracts have traded today, amounting to 43.1% of its average daily trading volume. The high volume observed for the $500 strike call option expiring on January 31, 2025, with 272 contracts traded, indicates a bullish sentiment from investors, suggesting they expect the stock price to rise. This could positively impact DE’s stock price moving forward.

Similarly, Quanta Services, Inc. (PWR) saw 4,521 contracts traded, capturing approximately 43% of its average daily volume. The notable volume in the $290 strike put option signals potential bearish sentiment from some investors, yet the overall interest in options indicates speculation on both sides, which can contribute to price volatility for PWR.

Credo Technology Group (CRDO) reported the most significant activity, with 16,174 contracts traded, representing about 42.1% of its average trading volume. The increased interest in the $70 strike call option further exhibits bullish sentiment for CRDO, which could significantly influence the stock price upward if the trend continues.

Overall, the options trading activity for these three companies may lead to increased investor interest and stock price fluctuations. The substantial trading volumes reflect market sentiment that can impact the underlying stock prices of DE, PWR, and CRDO in the near term.

Stocks: DE PWR CRDO