Increased Options Trading Volume for AMRC, GLW, and FCX

In a recent report, notable options trading activity has been observed in Ameresco Inc (AMRC), Corning Inc (GLW), and Freeport-McMoran Copper & Gold (FCX). The uptick in options volume could suggest shifts in investment sentiment for these companies.

Date: 21-10-2024

AI Rating: 6

The report highlights significant options trading activity for three companies within the market. This volume of options can indicate varying investor sentiment related to stock price movements in the future.

Ameresco Inc (AMRC) saw a total options volume of 1,448 contracts, accounting for approximately 42.3% of its average daily trading volume. A notable amount of activity was observed with the $25 strike put option, where 1,340 contracts were traded. Such high volume on a particular put option could imply that investors are anticipating a decline in AMRC's stock price, which suggests a somewhat negative outlook for the company.

Corning Inc (GLW) experienced options trading of 16,298 contracts, which represents about 41.4% of its average daily volume. The $46.50 strike call option exhibited heightened interest with 5,909 contracts traded. This indicates some positive sentiment regarding price appreciation, suggesting a possible bullish outlook on GLW’s performance.

Freeport-McMoran Copper & Gold (FCX) showcased significant trading with 51,617 contracts executed, equating to around 41% of its average daily trading. Particularly, the $45 strike call option had substantial volume, signaling investor confidence towards potential price increases for FCX.

Stocks: AMRC GLW FCX