Unusual Options Activity in Affirm Holdings, Inc. (AFRM), MacroGenics, Inc. (MGNX), and Ovintiv Inc. (OVV)

Unusual Options Activity in Affirm Holdings, Inc. (AFRM), MacroGenics, Inc. (MGNX), and Ovintiv Inc. (OVV)
MacroGenics, Inc. (MGNX) unusual call activity today in green.

Unusual Options Activity in Affirm Holdings, Inc. (AFRM)

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 Affirm Holdings, Inc. (AFRM), which opened at $110.21.

There were a total of 1,850 contracts traded on the $110 strike call option at the ask, dated for November 11th, 2021, representing approximately 185,000 shares.

Additionally, there were another 1,000 contracts traded on the $160 strike call option at the bid, dated for January 21st, 2021, representing another 100,000 shares.

Finally, there were another 1,000 contracts traded again on the $160 strike call option at the bid, for the same date, representing another 100,000 shares.  The premium collected from selling these calls represented approximately $1,055,000, a third of the approximate $3,000,000 paid for the $110 strike call options.  If these orders were traded as a part of a strategy they would represent a call debit spread.

These orders come after reports that Affirm has now risen to become the most valuable player in the entire BNPL industry..

Seen above are the noteworthy options orders in Affirm Holdings, Inc. (AFRM) from the Unusual Whales Flow.

Unusual Options Activity in MacroGenics, Inc. (MGNX)

In the market capitalization-weighted index NASDAQ Global Select Market Composite (NasdaqGS), we saw unusual or noteworthy options trading volume and activity today in MacroGenics, Inc. (MGNX), which opened at $25.21.

There were a total of 2,000 contracts traded on the $35 strike call option at the ask, dated for September 17th, 2021, representing approximately 200,000 shares.  

There were an additional 2,000 contracts traded on the $25 strike call option at the ask, dated for September 17th, 2021, representing another 200,000 shares.  

These orders come after last month's reporting that Albertsons was a value company with additional, speculative potential.

Seen above are the noteworthy options orders in Affirm Holdings, Inc. (AFRM) from the Unusual Whales Flow.
Per the chart above, representing MacroGenics, Inc.’s daily price, in blue, there was a high today of 4,510 call volume thus far, seen in green.

Earlier this month, on September 2nd, call volume had reached a high 2,429.  MGNX’s 30 day average call volume is 175, so this jump represents a 2,577% rise over the mean.

Unusual Options Activity in Ovintiv Inc. (OVV)

Finally, among the underlying components of the NYSE, we saw unusual or noteworthy options trading volume and activity in Ovintiv Inc. (OVV), which opened at $29.00.

There were a total of 2,400 contracts traded on the $34 strike call option at the ask, dated for October 15th, 2021, representing approximately 240,000 shares.  

Additionally, there were a total of 600 traded on the same call option for the same date, also at the ask, representing an additional 60,000 shares.

Furthermore, these orders come after Ovintiv has reported that it will begin trading ex-dividend on September 14, 2021.  A cash dividend payment of $0.14 per share is scheduled to be paid on September 30, 2021.

Seen above are the unusual options orders on Ovintiv Inc. from the Unusual Whales Flow.
Per the chart above, representing Ovintiv Inc.’s daily price, in blue, there was a high today of 3,914 call volume thus far.

Open interest, in yellow, has continued upward to 66,012 contracts being traded as of Friday’s close. Ovintiv’s average 30 day call volume is 1,000, so within the first hour of open it now has 391% more call volume than the mean.

For further information on the unusual options activity of AFRM, MGNX, and OVV visit unusualwhales.com.

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