3 Stocks With Heavy Call Volume

Calls have been hot on AMD, UBER, and GE

by Emma Duncan

Published on Jan 6, 2020 at 2:26 PM

The 20 stocks listed in the table below have attracted the highest weekly options volume during the past 10 trading days, with data courtesy of Schaeffer's Senior Quantitative Analyst Rocky White. The stocks highlighted in yellow are new to the list, including General Electric Company (NYSE:GE), which will take a closer look at below, alongside Advanced Micro Devices, Inc. (NASDAQ:AMD) and Uber Technologies Inc (NYSE:UBER).

MAWO Jan 6

AMD has seen just shy of 1 million call options traded during the past 10 days, compared to just 442,468 puts. Most active this afternoon has been the weekly 1/10 49-strike call, where 17,586 options have been exchanged. The chip stock has been a long-term outperformer on the charts, up 153% year-over-year. Regardless, today the equity is slightly lower, down 0.5%, to trade at $48.34.

Uber Technologies stock has experienced its fair share of headlines in recent weeks, but that has not deterred call traders from jumping aboard. Within the past two weeks, 175,636 calls and 51,212 puts have been traded, with the most action seen at the February 35 call and weekly 1/24 27- and 1/10 32-strike calls. UBER has struggled to maintain positive momentum since July of 2019, adding just 5% in the past three months, and is trying to overcome the $32 level. At last glance, the equity was up 1.7% at $31.89.

Moving on to General Electric stock, the security has seen 141,771 call options and 68,706 put options trading within the past two weeks, with the March 12 call seeing the most action so far today. GE is soaring this afternoon, fresh off an annual high of $12.21, now breaking above its recently troublesome $12 ceiling. The shares have been outperforming since slicing through the 320-day moving average in late October, leading to its now up 52% year-over-year gain.


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