Unusual Options Activity in General Electric Company (GE)
Today, November 26, 2021, among the underlying components of the NYSE, we saw unusual or noteworthy options trading volume and activity in General Electric Company, which opened at $96.66.
Today, November 26, 2021, among the underlying components of the NYSE, we saw unusual or noteworthy options trading volume and activity in General Electric Company, which opened at $96.66.
The unusual activity came in the form of the $100 strike call options traded above the ask, at a spot price of $7.95 against a bid-ask of $7.70-$7.95, dated for June 17th, 2022.
These orders come after RTTNews reported that General Electric Company
”plans to collaborate with the British company's sales team on the distribution of the Virtual Nodule Clinic and work with Optellum to integrate the platform with AI solutions powered by GE Healthcare's Edison platform.”
Of note, the most calls have been traded on the $150 strike at 1,346 contracts, with an open interest of 2,734. These particular orders on the $100 strike had a total volume of 381 and an open interest of 894.
Again in the NYSE, we saw unusual or noteworthy options trading volume and activity today in SeaWorld Entertainment, Inc. (SEAS), which opened today at $62.58.
These orders come after SeaWorld Entertainment, Inc. reported its Q3 earnings.
As seen, the volume is well above the open interest, 1,010 contracts now traded against 296 in circulation as of Wednesday’s close. It may therefore be intuited these contracts were opened, not closed, but could have been sold to open, potentially as part of a spread (click here to read more about those possibilities).
Finally, in the market capitalization-weighted index NASDAQ Global Select Market Composite (NasdaqGS), we saw unusual or noteworthy options trading volume and activity today in Match Group, Inc. (MTCH), which opened at $134.86.
Earlier this month, Simply Wall St reported:
“The Independent Chairman of the Board, Thomas McInerney, made the biggest insider sale in the last 12 months. That single transaction was for US$1.8m worth of shares at a price of US$142 each. That means that an insider was selling shares at slightly below the current price (US$154).”
As of this writing, Match Group, Inc. has had 26,562 calls traded, which is 391% greater than its 30-day put average.
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