Option Movers｜Strategy's $95 Put Soars 322%; Wendy's Sees 81% Call Options
The Nasdaq and S&P 500 closed lower on Wednesday(Jun 24), dragged by tech stocks on nagging concerns about high-flying valuations, but falling crude prices boosted airlines and other travel stocks and the Dow finished higher.
Regarding the options market, a total volume of 63,438,402 contracts was traded, up 11% from the previous trading day.
Top 10 Option Volumes
Source: Tiger Trade App
$Strategy(MSTR)$ shares fell 9% on Wednesday, their lowest price in more than two years, as concerns over the $52 billion Bitcoin accumulator grow.
There are 907.96K $Strategy(MSTR)$ option contracts traded on Wednesday, up 187% from the previous trading day. Put options account for 56% of overall option trades. Particularly high volume was seen for the $95 strike put option expiring June 26, with 46,453 contracts trading. $MSTR 20260626 95.0 PUT$
Unusual Options Activity
Source: Market Chameleon
Meme-stock summer could be back. Retail traders poured into the fast-food chain $Wendy's(WEN)$ after the closing bell on Tuesday, causing shares to rally more than 25% in Wednesday's session.
There are 477.16K $Wendy's(WEN)$ option contracts traded on Wednesday, 500 times from the previous trading day. Call options account for 81% of overall option trades. Particularly high volume was seen for the $8 strike call option expiring June 26, with 33,770 contracts trading. $WEN 20260626 8.0 CALL$
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