Options Trading Surge Seen in Kohl's, Zillow, and CCC Intelligent

The latest report highlights significant options trading activity in major companies, including Kohl's Corp., CCC Intelligent Solutions, and Zillow Group. Investors may need to monitor these stocks closely as heightened activity could indicate potential stock price movements.

Date: 13-09-2024

AI Rating: 6

The report indicates a considerable surge in options trading activity among three notable companies: Kohl's Corp. (KSS), CCC Intelligent Solutions Holdings Inc. (CCCS), and Zillow Group Inc. (Z). This heightened activity can be an important indicator for investors, often suggesting imminent price movements.

Kohl's Corp. (KSS) has seen a total options volume of 42,867 contracts, equivalent to about 4.3 million underlying shares, reaching 54.6% of KSS's average daily volume. The impressive trading of its $20.50 strike call option expiring on September 27, 2024, with 15,194 contracts, may indicate bullish sentiment among traders. Such significant options volume may suggest that investors expect the stock to rise in the near term.

CCC Intelligent Solutions Holdings Inc. (CCCS) also observed meaningful options trading, with a total of 11,570 contracts traded, representing approximately 1.2 million underlying shares. This volume represents about 53.6% of CCCS's average daily volume. The notable activity in its $12.50 strike call option set to expire on October 18, 2024, with 5,820 contracts, could signify positive investor outlooks and expectations for the company’s performance.

Zillow Group Inc. (Z) experienced similar trends, with an options trading volume of 16,428 contracts, or around 1.6 million underlying shares. This figure is about 53.5% of Z's average daily volume. Especially, the $65 strike call option expiring on September 27, 2024, saw 1,651 contracts traded, pointing towards potential investor confidence regarding Zillow’s future stock price movements.

The aforementioned increased trading volumes in options for these companies may serve as indicators for investors regarding potential stock volatility and price movements, particularly as the expiration dates for the options approach.

Stocks: KSS CCCS Z