High Options Trading Volumes for AA, CVX, and PLTR Today

Increased options trading activity has been reported for Alcoa (AA), Chevron (CVX), and Palantir (PLTR) amid market fluctuations. This surge could indicate traders' expectations for future price movements, influencing potential stock prices.

Date: 03-03-2025

AI Rating: 6

Options Trading Activity shows notable engagement for several companies listed in the Russell 3000 index. Alcoa Corporation (AA) recorded a volume of 24,080 contracts, highlighting a robust interest in its stock. This significant figure accounts for 51.7% of its average daily trading volume of 4.7 million shares. A specific surge was noted for the $31 strike put option, which involved 10,511 contracts.

Meanwhile, Chevron Corporation (CVX) achieved a contract volume of 36,459, amounting to 51.5% of its average trading for the month. Particularly, the $170 strike call option saw 10,025 contracts. This indicates a potential bullish sentiment as call options are typically associated with expectations of rising stock prices.

Palantir Technologies Inc (PLTR) exhibited the most activity with 605,358 contracts traded, reflecting 49.7% of its average daily volume. The high trading for the $90 strike call option, at 41,538 contracts, suggests positive speculation regarding PLTR's stock performance.

The heightened trading volumes across these companies may signal increased investor interest or anticipation of price volatility. Such behavior can contribute to changes in stock prices, as substantial options trading often precedes significant stock movements.

Stocks: AA CVX PLTR