Options Trading Activity Surges for ALB, WAT, and DPZ

Notable options trading activity has been reported for Albemarle Corp., Waters Corp., and Dominos Pizza Inc., indicating potential market movements. The high volume of options traded may suggest investor sentiment and strategy regarding these stocks.

Date: 19-09-2024

AI Rating: 6

The report outlines significant options trading activity within several companies part of the S&P 500, specifically Albemarle Corp. (ALB), Waters Corp. (WAT), and Dominos Pizza Inc. (DPZ). Each of these companies has recorded notable volumes of options contracts traded, which may influence their stock prices moving forward.

Albemarle Corp. (ALB) has had a total trading volume of 13,629 contracts today, representing about 1.4 million underlying shares. This volume accounts for 55.3% of ALB's average daily trading volume of 2.5 million shares. A particular point of interest is the high volume seen in the $70 strike put option expiring on October 25, 2024, with 6,797 contracts traded, indicating a bearish sentiment among some investors.

Waters Corp. (WAT) exhibits a similar pattern, with options volume at 1,521 contracts, which is 54.3% of the average daily trading volume of 280,020 shares. The $350 strike call option expiring on October 18, 2024, has drawn attention with 726 contracts traded, suggesting a possible bullish outlook from investors.

Finally, Dominos Pizza Inc. (DPZ) has seen 3,312 contracts traded, representing 50.4% of its average daily trading volume of 657,540 shares. The $412.50 strike put option expiring on September 20, 2024, showed significant activity with 829 contracts, portraying a cautious sentiment among some investors in this stock as well.

Overall, the increase in such trading activities for these options can lead to price volatility. High put option interest may hint at protective measures or bearish expectations, while call options can indicate bullish confidence. Continued tracking of these trends may provide insights into the sentiment surrounding these specific stocks.

Stocks: ALB WAT DPZ