Surge in Options Trading Volume for DASH, HOUS, and INMD

A recent report highlights a significant increase in options trading volume for companies like DoorDash Inc, Anywhere Real Estate Inc, and InMode Ltd, pointing to potential movements in stock prices due to heightened investor interest.

Date: 01-10-2024

AI Rating: 7

The report showcases noteworthy trading volume in options for several companies within the Russell 3000 index, specifically focusing on DoorDash Inc (DASH), Anywhere Real Estate Inc (HOUS), and InMode Ltd (INMD). The volume levels for options trading in these companies indicate a heightened interest from investors, which often leads to increased volatility in stock prices.

For DoorDash Inc, the options trading volume reached a striking 85,264 contracts, translating to approximately 8.5 million underlying shares. This figure surpasses DASH's average daily trading volume by 277.9%, particularly highlighting the $120 strike call option with significant trading activity. The increase in call options can suggest bullish sentiment among investors, implying expectations of future price increases.

Similarly, Anywhere Real Estate Inc exhibited substantial trading activity, with 26,037 contracts indicating a trading volume of around 2.6 million underlying shares, which is 207.4% of its average daily trading volume. The focus on the $4 strike put option may suggest that investors are hedging against potential declines in stock price, reflecting cautious sentiment.

InMode Ltd saw options trading of 19,588 contracts, reflecting approximately 2.0 million shares and 180.7% of its typical trading volume. The prominent trading of the $14 strike call option also aligns with the bullish momentum seen in DASH, hinting at investor optimism.

Considering these developments, the heightened options trading volumes for DASH, HOUS, and INMD could lead to shifts in stock prices. Increased options volume often correlates with volatility and can impact decisions by other investors in the stock market.

Stocks: DASH HOUS INMD