【July 17th US Stock Options Leaderboard】
$Coinbase Global(COIN)$ achieved a single-day Call trading volume of up to 300 million USD, with a buy-sell ratio soaring to 256 : 1, and two trades totaling 286 million USD of near-term in-the-money large orders continuing to sweep the market. The stock price has risen over 15% in the past two weeks and hit a new 52-week high; the company has announced it will disclose Q2 earnings at the end of the month, with the market betting on a recovery in trading volume.
$Elevance Health(ELV)$ leads with a Put trading volume of 251 million USD. The company has lowered its full-year guidance in its earnings report, with EPS dropping 24% year-over-year, and warned that Medicaid and ACA cost pressures will continue, leading to the stock price plummeting to a four-year low during trading. Large hedges in the derivatives market indicate that the healthcare insurance sector will still struggle to escape the shadow of high payout rates in the short term.
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