Deckers Outdoor Corp. (DECK) experienced a surge in options trading today, with 10,498 contracts exchanged, equating to about 1 million underlying shares—over half of its average daily volume of 2 million shares. Notably, the $113 strike put option expiring on May 1, 2026, saw significant activity, with 582 contracts traded, indicating heightened investor interest or concern around DECK’s future performance.
Similarly, Ambarella, Inc. (AMBA) is witnessing robust options activity, with 3,707 contracts traded, representing approximately 370,700 underlying shares, or 51.5% of its average daily volume of 719,120 shares. The $45 strike put option expiring on May 29, 2026, is particularly active, with 1,159 contracts exchanged, highlighting investor focus on potential downside risks.
For market professionals, the increased options trading in both DECK and AMBA suggests a notable shift in sentiment, which could signal upcoming volatility or strategic positioning ahead of earnings reports or market events.
Source: nasdaq.com