Options Trading Activity Revealed for Key S&P Stocks

The report highlights significant options trading activity for Herbalife, Alphabet, and Guidewire. This could impact stock price fluctuations as traders react to volume changes and market sentiment surrounding these companies.

Date: 06-12-2024

AI Rating: 6

The report discusses the options trading activity among notable companies within the Russell 3000 index, including Herbalife Ltd (HLF), Alphabet Inc (GOOGL), and Guidewire Software Inc (GWRE). High options trading volumes can indicate increased market interest and sentiment which may influence stock price movements.

Herbalife Ltd (HLF) experienced significant options activity, with a total volume of 16,847 contracts traded, representing about 1.7 million underlying shares. This volume is 79.9% of its average daily trading volume over the past month, suggesting heightened interest among traders. Especially noteworthy is the $5 strike put option, with 9,891 contracts traded, indicating a bearish sentiment as traders prepare for potential price decreases.

Alphabet Inc (GOOGL) also saw considerable trading with a total of 207,435 contracts, reflecting approximately 20.7 million underlying shares. This represents 79.2% of its average daily trading volume over the past month. The $175 strike call option experienced high volume, indicating a bullish outlook among traders as they speculate on price increases.

Guidewire Software Inc (GWRE) recorded options trading of 6,404 contracts, approximately 640,400 underlying shares, accounting for 79% of its average daily volume. The $180 strike call option trading shows a potential bullish sentiment as traders look ahead.

This data highlights how investor sentiment can shift stock prices depending on options trading volumes and strike prices chosen by traders, particularly in the context of calls and puts reflecting market expectations for future price movements.

Stocks: HLF GOOGL GWRE