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High Options Trading Activity in VRT, GILD, and MATV

Market Watch: Notable options trading activity was observed today in Vertiv Holdings, Gilead Sciences, and Mativ Inc. Investors are keenly monitoring the heightened volumes, which may indicate underlying stock price movements.

Date: 
AI Rating:   6
Options Trading Volume Highlights:
The report details significant options trading activity for three companies: Vertiv Holdings Co (VRT), Gilead Sciences Inc (GILD), and Mativ Inc (MATV). Higher trading volumes may signify investor sentiment and expectations regarding future stock performance.

Vertiv Holdings Co (VRT): A total of 69,948 contracts traded represents about 7.0 million underlying shares, which is 56% of VRT's average daily trading volume of 12.5 million shares. The activity was especially pronounced for the $85 strike put option, with 7,195 contracts trading.

Gilead Sciences Inc (GILD): Recorded an options volume of 40,770 contracts, equating to about 4.1 million underlying shares, or 53.9% of an average daily trading volume of 7.6 million shares. The noteworthy call option was at the $110 strike with 8,517 contracts traded.

Mativ Inc (MATV): The activity here was lower, with 2,178 contracts representing approximately 217,800 underlying shares, or 52.7% of an average daily trading volume of 413,560 shares. High volume was noted for the $7.50 strike put option with 824 contracts traded.

The heightened options trading activity for VRT and GILD could suggest increasing investor interest and expectations for these stocks, potentially leading to price volatility. However, MATV's lower volume could indicate less investor confidence or interest in the company relative to the other two.