Active Options Trading Volumes for DPZ, CRM, and Ryder System

Options trading volumes surge for Dominos Pizza, Salesforce, and Ryder System, indicating heightened market interest. Significant put options indicate potential bearish sentiment.

Date: 07-09-2024

AI Rating: 5

Today's options trading activity reveals significant volumes for three companies: Dominos Pizza Inc. (DPZ), Salesforce Inc. (CRM), and Ryder System, Inc. (R). Each of these companies is experiencing unusual trading volumes that could signal investor sentiment and potential volatility in their stock prices.

For Dominos Pizza Inc. (DPZ), 3,174 contracts were traded, corresponding to about 317,400 underlying shares, which is approximately 50.5% of its average daily trading volume of 628,635 shares. The notable interest was seen in the $410 strike put option, with 308 contracts trading, translating to around 30,800 underlying shares. This high volume of put options may indicate a bearish sentiment among investors, suggesting they anticipate a decline in the stock price.

Turning to Salesforce Inc. (CRM), there has been substantial trading activity with 28,218 contracts traded, equating to about 2.8 million underlying shares, or 50.1% of its average daily volume of 5.6 million shares. The $252.50 strike put option experienced significant activity as well, with 1,448 contracts traded, corresponding to about 144,800 underlying shares. This could imply that investors are hedging against potential adverse movements in Salesforce's shares, indicating a cautious outlook.

Finally, Ryder System, Inc. (R) saw 1,020 contracts traded today, around 102,000 underlying shares, or 47.8% of its average daily volume of 213,420 shares. A significant focus was also on the $140 strike put option, with 1,005 contracts traded representing roughly 100,500 underlying shares. This also suggests increased investor interest in protecting against downside risk.

Overall, the spike in options volumes, particularly in put options across these companies, may indicate an underlying bearish sentiment among investors. The heightened trading activity could lead to increased volatility in their stock prices, reflecting concerns about future performance.

Stocks: DPZ CRM R