Today, in the market capitalization-weighted index NASDAQ Global Select Market Composite (NasdaqGS), we saw unusual or noteworthy options trading volume and activity today in Peloton Interactive, Inc. (PTON), which opened at $91.00.
There was an order sized at 1,146 contracts traded on the $86 strike put option at the ask, dated for October 8th, 2021, representing 114,600 shares.
In spite of these orders, they come just after Peleton Interactive, Inc. made a deal with UnitedHealth.
Puts make up 79.4% of these whales’ orders, represented by 59.7% of the premium traded.
In the market capitalization-weighted index NASDAQ Global Select Market Composite (NasdaqGS), we saw unusual or noteworthy options trading volume and activity today in Intuitive Surgical, Inc., which opened today at $1,005.53.
There was an order sized at 1,000 contracts traded on the $1,100 strike call option at the bid, dated for January 21st, 2021, representing 100,000 shares.
Additionally, there was another order sized at 1,000 contracts traded on the $970 strike call option at the ask, dated for April 14th, 2022, representing another 100,000 shares.
Altogether, these orders might be considered a diagonal call calendar spread, capitalizing on nearer-term volatility with an anticipation of a bullish climb into a later date.
This order comes after the Motley Fool inquired: “Will Intuitive Surgical Be a Trillion-Dollar Stock by 2035?”
Per the charts above, representing Intuitive Surgical, Inc.’s option chain breakdown for minimum premiums of $30,000 or more, bullish premium activity has overtaken bearish, 67.8% to 32.2%, yet the premium on calls are weighted at 48.4% compared to puts at 51.6%.
Finally, among the underlying components of the NYSE, we saw unusual or noteworthy options trading volume and activity in Moody's Corporation (MCO), which opened at $16.53.
There was a total of 2,717 contracts traded on the $390 strike call option at the bid, dated for October 15th, 2021, representing approximately 271,700 shares.
This order comes after continuing good news around Moody’s Corporation, as in the second quarter, revenue grew by 5% after excluding the impact from foreign exchange.
As can be seen, call volume has reached 5,489 today, which is 6963% over MCO’s 30 day historical average.
For further information on the unusual options activity of PTON, ISRG, and MCO visit unusualwhales.com.
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