High Options Activity Noticed for BKNG, TDG, and AMD Stocks

A report highlights significant options trading activity in S&P 500 companies, with Booking Holdings, TransDigm Group, and Advanced Micro Devices experiencing increased volumes, potentially indicating future stock price movements.

Date: 03-10-2024

AI Rating: 7

The report outlines noteworthy options trading activities among S&P 500 constituents, particularly focusing on Booking Holdings Inc (BKNG), TransDigm Group Inc (TDG), and Advanced Micro Devices Inc (AMD). The trading volumes for each company suggest a growing interest, which can impact stock prices accordingly.

Booking Holdings Inc (BKNG): The report indicates a total options trading volume of 2,492 contracts, equivalent to about 249,200 underlying shares. This volume is 110.9% of BKNG's average daily trading volume of 224,625 shares. The highlight is the $6300 strike call option expiring on September 19, 2025, which saw 149 contracts traded (approximately 14,900 underlying shares). The high volume may reflect bullish sentiment, leading to potential upward movement in the stock price.

TransDigm Group Inc (TDG): This company witnessed 1,598 contracts traded, which relates to approximately 159,800 underlying shares, or 88.5% of the average daily trading volume of 180,650 shares. Notably, a $1440 strike call option that expires on October 18, 2024, had 496 contracts traded. This uptick in trading may indicate investor optimism, which could positively influence TDG's stock prices.

Advanced Micro Devices Inc (AMD): AMD showed a relatively high options trading volume of 258,416 contracts, translating to around 25.8 million underlying shares, constituting 78.3% of its average daily trading volume of 33 million shares. Particularly, the $165 strike call option expiring on October 4, 2024, saw 34,225 contracts traded (approximately 3.4 million underlying shares). Such significant activity can be interpreted as bullish behavior among traders towards AMD, potentially driving the stock price higher.

Overall, the increased options trading volumes across these companies suggest heightened investor interest and could signal impending movements in stock prices, potentially affecting market perception and investor actions.

Stocks: BKNG TDG AMD