Options Trading Activity Highlights in Carnival, POWL, MPC

A report reveals significant options trading activity in Carnival Corp, Powell Industries, and Marathon Petroleum. Increased contract volumes suggest potential interest and could influence stock prices as investors speculate on future movements.

Date: 19-11-2024

AI Rating: 6

The report outlines notable options trading activity for several companies. Carnival Corp (CCL) exhibited a total volume of 99,382 contracts, translating to approximately 9.9 million underlying shares. This figure is a substantial 43.9% of CCL's average daily trading volume over the past month, which is 22.6 million shares. Particularly, the $20 strike call option expiring on January 17, 2025, had 10,044 contracts traded, indicating heightened investor interest.

Powell Industries, Inc. (POWL) also shows considerable options trading, with 1,856 contracts representing around 185,600 underlying shares, or 43.3% of its average daily trading volume of 428,885 shares. High activity was noted for the $380 strike call option expiring on December 20, 2024, with 261 contracts traded. These statistics may suggest bullish sentiments among investors regarding POWL.

Marathon Petroleum Corp. (MPC) similarly recorded significant options interest, with 9,557 contracts traded, equivalent to approximately 955,700 underlying shares, or 40.6% of MPC's average daily volume of 2.4 million shares. The $75 strike call option expiring on January 17, 2025, accounted for 2,880 contracts traded, reflecting potential optimism for the company’s performance.

The notable volume in each of these cases could indicate market participants expecting price movements and signifies a potential influence on stock prices for CCL, POWL, and MPC. However, specific financial metrics such as Earnings Per Share (EPS), Revenue Growth, Net Income, Profit Margins, Free Cash Flow, and Return on Equity are not discussed in the report, limiting the ability to assess the financial health of these companies directly.

Stocks: CCL POWL MPC