High Options Trading Volume Noted for Block, CVS, and eBay

A recent report highlighted significant options trading activity for Block Inc, CVS Health Corp, and eBay Inc., reflecting potential investor interest and market sentiment towards their stocks.

Date: 13-09-2024

AI Rating: 7

The recent report indicates a surge in options trading volume for several companies that may influence their stock prices.

Block Inc (SQ): There is notable trading activity with a total of 26,179 contracts, covering approximately 2.6 million shares, which is about 49.1% of its average daily trading volume. The $67 strike call option has seen 5,048 contracts traded, which may indicate bullish sentiment among investors.
CVS Health Corporation (CVS): The company also experienced significant options trading with 38,095 contracts so far, translating to around 3.8 million shares or 48% of its average daily volume. The $57 strike call options are particularly active with 9,634 contracts traded, reflecting potential optimism among traders.
eBay Inc (EBAY): Options trading for eBay showed 19,885 contracts, representing approximately 2.0 million underlying shares, 48% of its average daily volume. The $60 strike call option has seen 3,729 contracts exchanged, which could suggest investor confidence moving forward.

Overall, the increased options activity suggests enhanced market interest and could potentially result in upward pressure on the stock prices of these companies, especially if the bullish sentiment is maintained leading up to the options expiry dates.

Stocks: SQ CVS EBAY