High Options Trading Activity at CAKE, WDC, and FND

Investors are noting increased options trading in Cheesecake Factory, Western Digital Corp, and Floor & Decor Holdings. The activity indicates potential market movements and could influence stock prices significantly.

Date: 19-02-2025

AI Rating: 7

Options Trading Activity
The report details notable options trading activities among several companies, which may indicate investor sentiment and potential price movements for these stocks.

Cheesecake Factory Inc. (CAKE)
CAKE has seen a total volume of 8,554 contracts traded, representing approximately 855,400 underlying shares, which is about 65.6% of its average daily trading volume over the past month. The $60 strike call option expiring on February 21, 2025, with 1,693 contracts traded (around 169,300 underlying shares), indicates bullish sentiment among investors.

Western Digital Corp (WDC)
WDC has reported an options trading volume of 48,806 contracts, approximately 4.9 million underlying shares, constituting about 64.1% of its average daily trading volume. The high volume for the $75 strike call option expiring on February 28, 2025, with 17,529 contracts traded (around 1.8 million underlying shares), points to similar investor optimism.

Floor & Decor Holdings Inc (FND)
FND's options are showing 9,119 contracts traded, representing around 911,900 underlying shares or 62.9% of its average daily volume. The $100 strike call option expiring on March 21, 2025, with 2,417 contracts traded (approx. 241,700 underlying shares), also reflects bullish sentiment.

Market Implications
The increased options trading activity in these companies suggests that investors are anticipating favorable outcomes or price increases, which could lead to upward pressure on stock prices. Such activity can be a precursor to larger moves in the equities market, particularly if patterns of high call option volumes continue.

Stocks: CAKE WDC FND