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Inmode, MGM Resorts and Snowflake See Notable Options Trading Volume

Published Oct 04, 2023 04:47PM ET
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In recent options trading, three companies listed on the Russell 3000 index have seen significant activity. InMode (NASDAQ:INMD) Ltd, MGM Resorts (NYSE:MGM) International, and Snowflake Inc have all had contracts traded that represent a substantial portion of their average daily trading volumes over the past month.

On Wednesday, the $25 strike put option for InMode Ltd and the $36 strike put option for MGM Resorts, both set to expire on November 17, 2023, were particularly active. These options corresponded to about 645,900 and 2.5 million underlying shares respectively. InMode Ltd, a company with a market cap of 2350M USD, has seen its stock price take a hit over the past week, with a 1-week price total return of -12.68% according to InvestingPro Data. Despite this recent downturn, the company holds more cash than debt on its balance sheet and yields a high return on invested capital, as noted in the InvestingPro Tips.

Similarly, the $155 strike call option for Snowflake Inc also saw high volume. This option is due to expire on Friday this week and represents approximately 1.9 million underlying shares.

The article also touched on other active S&P 500 options but did not provide further details. It should be noted that this information does not indicate whether these options will be profitable or not; it merely highlights the significant trading volume associated with them.

For more detailed information regarding these and other options expirations, readers can refer to various stock options channels. The article also mentioned insights about PODD Stock Predictions, RNDB shares outstanding history, and MDIV YTD Return but did not elaborate on these topics.

This news underscores the dynamic nature of options trading within the Russell 3000 index and specifically highlights notable activity surrounding InMode Ltd, MGM Resorts International, and Snowflake Inc. (NYSE:SNOW) As always, investors are advised to conduct their own thorough research before making any investment decisions. For those interested in more in-depth analysis and tips, InvestingPro offers additional resources and insights, including 18 more tips for InMode Ltd alone.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Inmode, MGM Resorts and Snowflake See Notable Options Trading Volume
 

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