Unusual Options Activity in Coty Inc. (COTY), Micron Technology, Inc. (MU), and Canadian Pacific Railway Limited (CP)

Unusual Options Activity in Coty Inc. (COTY), Micron Technology, Inc. (MU), and Canadian Pacific Railway Limited (CP)
Seen above are Canadian Pacific Railway Limited’s flow levels, broken down by minimum premiums of at least $1,000. Of those, 81.5% are calls, with 89.1% of bullish premium.

Unusual Options Activity in Coty Inc. (COTY)

Today, among the underlying components of the NYSE, we saw unusual or noteworthy options trading volume and activity in Coty Inc. (COTY), which opened at $8.36.

There were a total of 9,765 contracts traded on the $9 strike call option at the ask, dated for November 19th, 2021, representing approximately 976,500 shares.

Approximately thirty minutes after this order, there were another set of 6,241 contracts traded on the same strike for the same date, also at the ask, representing another 624,100 shares.  

Along with that order, there were another set of 1,255 contracts traded on the same strike for the same date, also at the ask, representing another 125,500 shares.

These orders come after Coty Inc. priced a public offering of about 50 million of its class A common shares owned by KKR Rainbow Aggregator LP at $8.53 per share.

Seen above are the noteworthy options orders on Coty Inc., representing a total of 17,261 contracts or 1,726,100 shares.
Per the chart above, representing Coty Inc.’s daily price, in blue, there was a high today of 43,129 call volume thus far, seen in green.

Earlier this year, the green volume previous, on August 26th, 2021, Coty Inc.’s call volume had reached a high of 107,404.  Coty Inc.’s average 30 day call volume is 11,400, and as of the first hour of open, today’s volume represents a 378% increase over the mean.

Unusual Options Activity in Micron Technology, Inc. (MU)

In the market capitalization-weighted index NASDAQ Global Select Market Composite (NasdaqGS), we saw unusual or noteworthy options trading volume and activity today in Micron Technology, Inc. (MU), which opened at $73.20.

There were a total of 6,000 contracts traded on the $68 strike put option at the ask, dated for September 24th, 2021, representing approximately 600,000 shares.

There was an additional order of 2,900 contracts traded on the same strike, also at the ask and for the same date, representing an additional 290,000 shares.  These orders come in after continued reports that the Chinese economy might be rebounding, and that there are ways to benefit from this without investing in Chinese companies directly.

Seen above are the noteworthy options orders on Micro Technology Inc., representing a total of 8,303 contracts or 830,300 shares.
Seen above are Micron Technology, Inc’s flow levels, broken down by minimum premiums of at least $1,000. Of those, 60.0% are calls, with 52.9% of bullish premium.

Unusual Options Activity in Canadian Pacific Railway Limited (CP)

Finally, among the underlying components of the NYSE, we saw unusual or noteworthy options trading volume and activity in Canadian Pacific Railway Limited (CP), which opened at $70.69.

There were a total of 1,700 contracts traded on the $72.5 strike call option at the ask, dated for October 15th, 2021, representing approximately 170,000 shares.

There were an additional 1,967 contracts traded on the $72 strike put option at the bid, dated for September 17th, 2021, representing another 196,700 shares.

Earlier in August, there was speculation of a proposal which fell through, deemed “not superior” by the Kansas City Southern Board.  Furthermore, these orders come directly after Canadian National shareholders nominate five directors to the company's board.

Seen above are Canadian Pacific Railway Limited’s flow levels, broken down by minimum premiums of at least $1,000. Of those, 81.5% are calls, with 89.1% of bullish premium.
Above are today’s most active option chains from the Unusual Whale Flow.

The volume on this report’s chain continues to increase and is now over its open interest, which was 1,684 as of yesterday’s close.  Furthermore, the September 17th $72 strike put option is the second most active, having had 22,946 open interest, and with 1,967 bid side floor trades earlier this morning.

For further information on the unusual options activity of COTY, MU, and CP visit unusualwhales.com.