High Options Activity Noted for NOV, ETSY, and Zscaler Stocks

A recent report reveals significant options trading activity for NOV Inc, Etsy Inc, and Zscaler Inc, indicating potential investor interest. The data suggests high demand for both call and put options, which could influence the stocks' short-term price movements.

Date: 11-09-2024

AI Rating: 6

The report highlights notable options trading activities for three stocks: NOV Inc (NOV), Etsy Inc (ETSY), and Zscaler Inc (ZS). This elevated trading activity can provide insights into investor sentiment and potential price movements.

NOV Inc (NOV) experienced a total options volume of 11,076 contracts, equating to approximately 1.1 million underlying shares. This figure represents 44.2% of its average daily trading volume over the past month (2.5 million shares). The $17 strike call option expiring on November 15, 2024, saw a high volume of 5,072 contracts traded, which is indicative of investor optimism for the stock's future performance.

Etsy Inc (ETSY) had a trading volume of 14,294 contracts, translating to about 1.4 million underlying shares, which is around 43.9% of its average daily trading volume (3.3 million shares). Additionally, the $45 strike put option expiring on October 18, 2024, recorded 1,310 contracts, showing some hedging or bearish sentiment among investors.

Zscaler Inc (ZS) showcased options trading volume of 9,846 contracts, representing approximately 984,600 underlying shares, or 43.6% of its average daily volume (2.3 million shares). The $155 strike put option expiring on September 13, 2024, recorded a trading volume of 748 contracts, which may indicate investor caution or hedging strategies regarding the stock.

While the report does not provide specific information on earnings per share (EPS), revenue growth, net income, profit margins, free cash flow (FCF), or return on equity (ROE), the options trading volumes give a snapshot of current investor sentiment and expectations for these companies. High call options for NOV could signal bullish sentiment, whereas significant put options in ETSY and ZS might suggest some investors are bracing for potential declines.

Stocks: NOV ETSY ZS