Options traders concentrated Monday’s activity in near-term call strikes across Nvidia, Apple, and Coinbase, with two of the three names trading contracts equivalent to more than their average daily share volume.
Nvidia leads the pack
Nvidia saw 2.1 million contracts change hands, representing roughly 207 million underlying shares. That figure stands at 177.8 percent of the stock’s 116.6 million-share average daily volume over the past month. The $212.50 strike call expiring the same day accounted for 227,324 contracts, or about 22.7 million shares.
Apple follows suit
Apple recorded 736,907 contracts, or 73.7 million shares, reaching 139 percent of its 53 million-share monthly average. The $315 strike call expiring Friday drew 154,702 contracts, equivalent to 15.5 million shares.
Coinbase lags the average
Coinbase volume reached 88,304 contracts, about 8.8 million shares, which is 93.8 percent of its 9.4 million-share monthly average. The $200 strike call expiring August 28 attracted 12,912 contracts, or 1.3 million shares.
The expiry concentration is the signal
All three high-volume strikes expire within the week, two of them on the session itself. That clustering suggests positioning for a very short-term move rather than longer-dated directional bets. Whether it reflects speculation, hedging, or structured-product flow is not disclosed in the data.