The options market saw significant trading activity on Wednesday, particularly in three notable stocks: Duolingo Inc (DUOL), First Solar Inc (FSLR), and Rivian Automotive Inc (RIVN). This surge indicates growing interest among investors in these companies.
Duolingo Inc (DUOL) Options Activity
Duolingo recorded a substantial trading volume of 14,938 options contracts. This translates to about 1.5 million underlying shares, surpassing its average daily trading volume of 1.2 million shares by 128.6% over the past month. The most active contract was the $305 strike call option, with 1,597 contracts trading, accounting for roughly 159,700 shares.
First Solar Inc (FSLR) Trading Highlights
First Solar registered an impressive 29,805 options contracts traded. This figure represents approximately 3.0 million underlying shares and is about 122% of its average daily volume of 2.4 million shares in the last month. Notably, the $260 strike put option was also active, with 1,576 contracts traded, equating to around 157,600 underlying shares.
Rivian Automotive Inc (RIVN) Market Activity
Rivian showcased the most pronounced activity among the three, with a trading volume of 403,261 contracts. This volume corresponds to around 40.3 million underlying shares, exceeding its average daily trading volume of 34 million shares by 118.7%. The $15 strike call option saw significant interest as well, with 22,225 contracts traded, representing about 2.2 million underlying shares.
Summary of Trading Activities
- Duolingo Inc (DUOL): 14,938 contracts; 1,5 million shares; $305 strike call option.
- First Solar Inc (FSLR): 29,805 contracts; 3.0 million shares; $260 strike put option.
- Rivian Automotive Inc (RIVN): 403,261 contracts; 40.3 million shares; $15 strike call option.
Conclusion
The heightened activity in options trading for DUOL, FSLR, and RIVN marks an important shift in investor sentiment. As these stocks attract increased attention, tracking their options movements will be crucial for market participants.
