Options Trading Surge Noted for Dollar Tree, First Solar, and U.S. Steel

A recent report highlights significant options trading activity for Dollar Tree, First Solar, and U.S. Steel. With volumes exceeding average daily levels, investor interest seems to be on the rise. This could signal potential price movements in the respective stocks.

Date: 06-11-2024

AI Rating: 7

The report indicates substantial options trading activity for three companies: Dollar Tree Inc (DLTR), First Solar Inc (FSLR), and United States Steel Corp. (X).

1. Dollar Tree Inc (DLTR): Today's trading volume for DLTR reached 51,727 contracts, representing 5.2 million underlying shares, which is 146% of its average daily trading volume of 3.5 million shares. The notable activity appeared in call options, particularly the $70 strike option expiring on November 8, 2024, with 12,489 contracts exchanged, equating to about 1.2 million underlying shares.

2. First Solar Inc (FSLR): FSLR experienced an options trading volume of 46,743 contracts, reflecting approximately 4.7 million underlying shares, or 145.6% of its average daily volume of 3.2 million shares. Among these, the $280 strike call option expiring on November 15, 2024, saw significant interest with 2,356 contracts traded, translating into approximately 235,600 underlying shares.

3. United States Steel Corp. (X): X saw a volume of 37,845 contracts, corresponding to 3.8 million underlying shares, which constitutes 139.1% of its average daily trading volume of 2.7 million shares. A noteworthy highlight is the $40 strike put option expiring on January 17, 2025, with 6,799 contracts traded, representing about 679,900 underlying shares.

Overall, the high contract volumes indicate increasing investor interest, potentially leading to notable price movements. While the report does not provide specific financial metrics like earnings per share, revenue growth, or profit margins, the elevated options activity itself suggests expectations of volatility or strategic positioning among investors.

Stocks: DLTR FSLR X