Increased Options Trading for Okta, ServiceNow, and First Solar

Investors are eyeing significant options trading activity. Today, Okta, ServiceNow, and First Solar experienced high contract volumes, signaling potential market movements and investor sentiment.

Date: 28-01-2025

AI Rating: 6

Options Trading Highlights
Today’s report shows substantial options trading for various companies, which could influence their stock prices in the near term.

Okta Inc (OKTA)
This company experienced a significant options trading volume of 26,693 contracts, which translates to approximately 2.7 million underlying shares. Notably, this volume is 102.1% of OKTA's average daily trading volume. The heightened interest surrounding the $100 strike call option may suggest positive expectations among traders, as more investors are betting on an upward move in the stock price.

ServiceNow Inc (NOW)
ServiceNow’s trading volume reached 11,037 contracts, approximately 95.1% of its average daily volume. The focus appeared to be on the $950 strike put option. A higher volume of put options might indicate that market participants anticipate potential declines or hedging strategies against downside risk.

First Solar Inc (FSLR)
First Solar saw options volume of 19,402 contracts, equating to about 1.9 million underlying shares, or roughly 93.6% of its average trading volume. The attention on the $155 strike put options may signal bearish sentiment or protective measures by investors in response to market conditions.

This analysis suggests a mixed sentiment among the companies' investors based on options trading volumes, which could lead to fluctuations in their stock prices as traders act on anticipated movements.

Stocks: OKTA NOW FSLR