High Options Trading Volume Seen in PSTG, TGT, and BAC

Options trading activity spikes in three significant companies. High volumes observed at PSTG, TGT, and BAC may indicate investor sentiment and potential future stock price movement.

Date: 22-01-2025

AI Rating: 6

Options Trading Insights
Today's report highlights significant options trading activity for three S&P 500 companies: PURE Storage Inc (PSTG), Target Corp (TGT), and Bank of America Corp (BAC).

For **PURE Storage Inc (PSTG)**, an impressive total of 10,900 contracts were traded, representing approximately 1.1 million underlying shares. This volume equates to 42.9% of its average daily trading volume of 2.5 million shares. Notably, the $65 strike put option accounted for 2,054 contracts, indicating that investors may be hedging against potential price declines.

**Target Corp (TGT)** experienced a trading volume of 20,639 contracts, representing around 2.1 million underlying shares, which is about 42.7% of its monthly average trading volume. The $155 strike call option showed heightened interest with 1,528 contracts traded, signaling bullish sentiment among options traders.

**Bank of America Corp (BAC)** saw the highest activity with 150,839 contracts, translating to about 15.1 million underlying shares or 42.6% of its average daily trading volume of 35.4 million shares. The $50 strike call option had 20,911 contracts traded, indicating that investors might anticipate upward price movement.

While the report highlights significant options trading, it does not provide metrics directly related to Earnings Per Share (EPS), Revenue Growth, Net Income, Profit Margins, Free Cash Flow (FCF), or Return on Equity (ROE). Therefore, no concrete indications can be drawn regarding the overall financial health or expected stock performance based solely on this trading volume data.

Stocks: PSTG TGT BAC