Options Trading Activity Shows Spike for Key Companies

Options Trading Activity Shows Spike for Key Companies. Wex Inc, Fluor Corp, and Rocket Companies experienced significant trading volumes, indicating potential investor interest and volatility. High volumes suggest market sentiment that could impact stock prices.

Date: 25-02-2025

AI Rating: 6

Wex Inc (WEX): The trading volume for options at WEX is noteworthy, with a total of 4,063 contracts traded, which is approximately 406,300 underlying shares. This constitutes 65.2% of WEX's average daily trading volume of 623,220 shares. The increased activity, especially with the $150 strike put option, may imply that investors are hedging against potential declines or are speculating on downward movement, which could lead to selling pressure on the stock.

Fluor Corp (FLR): Fluor showed even higher options trading volume with 24,996 contracts traded, or about 2.5 million underlying shares, representing 64.7% of its average daily trading volume of 3.9 million shares. The significant trading surrounding the $42.50 strike call option indicates investor confidence or speculation around potential upside for Fluor's stock price. Such high volumes can often lead to increased volatility in the stock.

Rocket Companies Inc (RKT): Similarly, RKT's options trading activity saw 19,157 contracts, roughly 1.9 million underlying shares, or 59.9% of its average daily volume of 3.2 million shares. The heightened volume surrounding the $14 strike call option suggests a bullish sentiment from investors, which could lead to upward price movement if the options are exercised or if speculators influence market sentiment.

Stocks: WEX FLR RKT