Unusual Options Activity: NFLX, GPRO, PANW, and EXPE

Expansion news had call traders jumping on Netflix, Inc. (NASDAQ:NFLX)

Josh Selway

Sep 9, 2015 at 4:53 PM

The Dow got off to a great start, but wound up significantly south of breakeven by day's end. Across all 12 options exchanges, 6.9 million calls crossed, compared to 7.2 million puts. The day's put/call volume ratio closed at 1.03.

Netflix, Inc. (NASDAQ:NFLX) call volume was accelerated, as the stock snapped its seven-day losing streak on news the company plans to expand in Asia. GoPro Inc (NASDAQ:GPRO) has been struggling mightily lately, but that didn't stop call players today, with the contracts changing hands at twice the normal pace.

Put activity on Palo Alto Networks Inc (NYSE:PANW) was three times more popular than normal ahead of the company's trip to the earnings confessional. Elsewhere, Expedia Inc (NASDAQ:EXPE) puts ran at close to triple the typical pace today.

150909Uputs

150909Ucalls

Follow @Schaeffers

Same-Day Trading Power: +227% YTD and Counting — Get in for $10!

We're celebrating 44 years of helping traders win, and you can now tap into one of our most explosive services — Dynamite Day Trading Signals — for just $10.

This service was built for one thing: capturing intraday gains with precision.

Access two highly-vetted options trades each week - Complete with defined entries, exits, and a clear plan for same-day profits.

👉 Click Here to Learn More and Position Yourself to Take Action When the Next Alert Hits.