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Active Stock Option Trading in the Week of December 18, 1998

Strategic Insights

— 2 min read

Stock option trading was particularly active this week, with several securities leading the pack, according to CoveredCall.Com. Snyder Communications and Iomega saw significant trading activity, with Snyder Communications trading down to $28 1/2 and Iomega gaining nearly 10% for the week. Other notable gainers included Intel Corp., which rose 5 points to $120, and Compaq Computer, which raised its quarterly dividend by 33%.

Key Takeaways:

  • Snyder Communications traded down to $28 1/2 on Monday, with a significant amount of option trading activity.
  • Iomega gained nearly 10% for the week, making it the second most active option on the list.
  • Intel Corp. rose 5 points to $120, and was the third most active option for the week.
  • Compaq Computer raised its quarterly dividend by 33% and saw significant option trading activity.
  • Amazon.com was the most active option on Tuesday, with a gain of over $65 to $286 3/4.
  • General Electric and Proctor & Gamble were also among the most active options on Tuesday.
  • Microsoft, AOL, and McDonalds Corp. were among the top 3 most active options on Wednesday.
  • The presiding administrative judge in the Microsoft trial commented on the potential impact of AOL's proposal to acquire Netscape Communications Corp.
  • CMGI saw significant option trading activity on Thursday, with a gain of nearly 30 points to $98 3/4.
  • DoubleClick gained over 5 points on Thursday due to favorable analyst comments.
  • IBM saw active option trading on Thursday, with a trading range of $162 1/2 to $171 1/2.
  • Yahoo! led the most active options board on Friday, with a gain of over 20 points to $212 1/4.
  • Cisco Systems and IBM were also among the most active options on Friday.

Statistics:

  • Snyder Communications traded down to $28 1/2 on Monday.
  • Iomega gained nearly 10% for the week.
  • Intel Corp. rose 5 points to $120.
  • Compaq Computer raised its quarterly dividend by 33%.
  • Amazon.com gained over $65 to $286 3/4 on Tuesday.
  • General Electric traded in a range from $83 1/2 to $89 3/4 on Tuesday.
  • Microsoft, AOL, and McDonalds Corp. were among the top 3 most active options on Wednesday.
  • CMGI gained nearly 30 points to $98 3/4 on Thursday.
  • DoubleClick gained over 5 points on Thursday.
  • IBM traded in a range of $162 1/2 to $171 1/2 on Thursday.
  • Yahoo! gained over 20 points to $212 1/4 on Friday.
  • Cisco Systems traded as low as $78 5/8 and closed at $90 1/2 on Friday.

Sources:

  • CoveredCall.Com
  • Business Wire, "Option Trading Highlights for the Week of December 18, 1998"
  • NYSE: SNC
  • NYSE: IOM
  • Nasdaq: INTC
  • NYSE: CPQ
  • Nasdaq: AMZN
  • NYSE: GE
  • NYSE: ONE
  • NYSE: PG
  • Nasdaq: MSFT
  • NYSE: AOL
  • NYSE: MCD
  • Nasdaq: CMGI
  • Nasdaq: DCLK
  • NYSE: IBM
  • Nasdaq: YHOO
  • Nasdaq: CSCO

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