High Options Trading Volume Observed in OXY, NWE, and FTAI

The report highlights significant options trading activity in Occidental Petroleum Corp (OXY), NorthWestern Energy Group Inc (NWE), and FTAI Aviation Ltd (FTAI), which may impact their stock prices and investor sentiment.

Date: 13-09-2024

AI Rating: 6

In today's analysis of options trading, Occidental Petroleum Corp (OXY) showed substantial activity with 80,125 contracts traded, equating to about 8.0 million underlying shares. This volume represents approximately 66.1% of OXY's average daily trading volume over the past month. Significantly, the $50 strike put option expiring on September 20, 2024, saw 5,547 contracts traded, indicating options traders' interest in hedging against potential downside risks for OXY.

NorthWestern Energy Group Inc (NWE) also exhibited notable options trading, with 1,454 contracts traded, or about 145,400 underlying shares, representing approximately 61.3% of its average daily trading volume. The $45 strike call option expiring September 20, 2024, showed increased trading activity with 720 contracts, suggesting a bullish sentiment among traders.

FTAI Aviation Ltd (FTAI) recorded a trading volume of 5,026 contracts, representing approximately 502,600 underlying shares, about 60.6% of its monthly average. The $125 strike call option expiring October 18, 2024, also drew significant activity with 1,140 contracts, pointing to traders' optimism regarding the stock's future performance.

While the report does not delve into specific EPS, revenue growth, net income, profit margins, free cash flow, or return on equity figures, the heightened options trading activity can indicate changing investor sentiment and potential volatility around these stocks. Traders often increase their options activity in response to expected events or changes in market conditions.

Stocks: OXY NWE FTAI