Surge in Options Trading for NFLX, JWN, and ROOT

Surge in options trading volume today for major stocks. Netflix Inc (NFLX) recorded 68,311 contracts, up 186.2% from its average, signaling potential investor confidence. Nordstrom (JWN) and Root Inc (ROOT) also saw significant trade spikes, indicating market interest.

Date: 02-03-2025

AI Rating: 6

Options Trading Highlights

Today, Netflix Inc (NFLX) experienced significant options trading activity, tallying a total of 68,311 contracts which corresponds to roughly 6.8 million underlying shares, accounting for about 186.2% of its average daily trading volume. This surge in options can indicate a strong sentiment about NFLX's future, particularly with the unusually high volume in the $1000 strike call option for expiration on February 28, 2025.

Nordstrom, Inc. (JWN) also saw a boost in options trading, recording 26,827 contracts or about 2.7 million underlying shares, which reflects approximately 178% of JWN's average daily trading volume. High interest was noted for the $25 strike call option expiring on March 07, 2025, suggesting positive sentiment around Nordstrom's future performance.

Root Inc (ROOT) had an options trading volume of 8,339 contracts, representing around 833,900 underlying shares, or about 174.7% of its average daily volume. Notably, the $100 strike put option for expiration on March 21, 2025 saw significant activity, which might signal investor caution or hedging against potential declines.

Overall, heightened options trading volumes in these companies suggest fluctuations in investor sentiment, particularly around important options expirations and potential future performance.

Stocks: NFLX JWN ROOT