High Options Trading Activity in KEX, UNH, and APP Revealed

A report highlights significant options trading in Kirby Corp., UnitedHealth Group, and Applovin Corp. Investors should note the high trading volumes, which could impact stock prices as market sentiment shifts in response to these movements.

Date: 11-09-2024

AI Rating: 7

The report details notable options trading activity for three companies: Kirby Corp. (KEX), UnitedHealth Group Inc (UNH), and Applovin Corp (APP). Here are key points from the trading information provided:

Kirby Corp (KEX): The trading volume of 2,619 contracts reflects approximately 66.6% of KEX's average daily trading volume of 393,165 shares. Noteworthy activity was observed with the $125 strike call option expiring September 20, 2024, indicating strong investor interest and bullish sentiment.
UnitedHealth Group Inc (UNH): With 15,637 contracts traded, this represents 64.3% of UNH's average daily trading volume of 2.4 million shares. The high volume of put options, particularly at the $587.50 strike expiring September 13, 2024, suggests a mixed outlook, potentially indicating hedging against a downturn.
Applovin Corp (APP): The 20,400 contracts traded amount to 63.5% of APP's average daily trading volume of 3.2 million shares, highlighting significant investor activity. The $93 strike call option expiring October 11, 2024, shows a bullish sentiment among traders.

Such high volumes in options trading can lead to increased volatility and may affect the underlying stock prices of these companies. Generally, strong demand for call options indicates bullish sentiment, while put options can signal bearish outlooks or hedging strategies.

Stocks: KEX UNH APP