Options Trading Surges for Roku, Fluor, and ImmunityBio

A new report highlights significant options trading activity among Roku Inc, Fluor Corp, and ImmunityBio Inc, indicating investor interest and potential volatility in stock prices, particularly with notable call and put options activity for these companies.

Date: 07-10-2024

AI Rating: 7

According to the report, significant options trading volumes were observed for multiple companies, suggesting heightened investor interest. Specifically, Roku Inc (ROKU) experienced a total volume of 13,867 contracts traded today, representing approximately 1.4 million underlying shares. This volume is about 42.1% of ROKU's average daily trading volume of 3.3 million shares over the past month. Notably, a high volume was noted for the $80 strike call option expiring on October 18, 2024, with 1,418 contracts traded, equivalent to around 141,800 underlying shares.

Similarly, Fluor Corp (FLR) saw options trading activity with a total of 6,387 contracts, translating to approximately 638,700 underlying shares and 41.5% of its average daily trading volume of 1.5 million shares. The $50 strike call option for FLR expiring January 17, 2025, had 1,274 contracts traded, representing 127,400 underlying shares.

ImmunityBio Inc (IBRX) recorded the trading of 10,571 contracts, which equates to roughly 1.1 million underlying shares, or 41.1% of IBRX's average daily trading volume of 2.6 million shares. Particularly, the $7.50 strike put option expiring January 17, 2025 showed considerable volume with 4,390 contracts, representing approximately 439,000 underlying shares.

The increased options trading volume suggests that investors may be positioning themselves for potential price movements in these companies, indicating heightened volatility. Such significant trading activity in call and put options can serve as a barometer for investor sentiment and expectations surrounding a company's future performance. Although specific financial metrics such as EPS, revenue growth, or profit margins are not provided in the report, the options trading data presents a noteworthy signal of investor activity.

Stocks: ROKU FLR IBRX