High Options Trading Volume Seen for PFSI, UAL, and NSC

A recent report highlights significant options trading activity for PennyMac Financial Services, United Airlines Holdings, and Norfolk Southern Corp. The notable volumes may indicate investor sentiment and future price volatility, impacting stock values for these firms.

Date: 13-09-2024

AI Rating: 6

The report outlines substantial options trading volumes for PennyMac Financial Services Inc (PFSI), United Airlines Holdings Inc (UAL), and Norfolk Southern Corp (NSC). This elevated volume can signal strong investor interest and often precedes price volatility. Specifically, PFSI observed 1,864 contracts traded, approximately 75.8% of its average daily volume. Notably, a $110 strike call option expiring October 18, 2024, saw 306 contracts traded, indicating potential bullish sentiment among investors.

UAL reported an impressive 45,279 contracts, about 74.2% of its average daily trading volume. The $49 strike call option expiring September 13, 2024, had 7,983 contracts traded, suggesting that traders may anticipate upward movement in UAL's stock price.

NSC experienced a volume of 7,763 contracts, or 72.4% of average volume. The $250 strike put option expiring September 27, 2024, had 1,756 contracts traded, which could indicate cautious sentiment among investors, possibly reflecting concerns about future performance.

Stocks: PFSI UAL NSC