Surge in Options Activity for Forward Air, Humacyte, and Synchrony Financial

Detailed Volume Analysis Shows Significant Investor Interest

Looking at options trading activity among components of the Russell 3000 index, today highlights noteworthy movements. Forward Air Corp (Symbol: FWRD) has recorded a total of 4,920 contracts traded, which equates to about 492,000 underlying shares since each contract represents 100 shares. This trading volume accounts for 58.9% of FWRD’s average daily trading volume of 835,655 shares over the past month. Notably, the $40 strike call option expiring on November 15, 2024, has seen high activity, with 2,728 contracts trading, translating to approximately 272,800 underlying shares. Below is a chart displaying FWRD’s trailing twelve-month trading history, featuring the $40 strike in orange:

Humacyte Inc (Symbol: HUMA) is also experiencing significant options activity, with 15,446 contracts traded today. This represents about 1.5 million underlying shares, which is a solid 55.6% of HUMA’s average daily trading volume of 2.8 million shares in the past month. The $7.50 strike call option expiring on December 20, 2024, is particularly active, with 5,844 contracts traded, representing approximately 584,400 underlying shares. The following chart illustrates HUMA’s trading history over the past twelve months, with the $7.50 strike spotlighted in orange:

On a similar note, Synchrony Financial (Symbol: SYF) has seen a robust options trading volume of 16,390 contracts, representing around 1.6 million underlying shares or about 52.6% of SYF’s average daily trading volume of 3.1 million shares over the past month. Among these, the $60 strike call option expiring on November 15, 2024, has generated considerable activity, with 8,008 contracts traded, equating to approximately 800,800 underlying shares of SYF. The chart below exhibits SYF’s twelve-month trading history, highlighting the $60 strike in orange:

For additional details on available expirations for FWRD, HUMA, or SYF options, visit StockOptionsChannel.com.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.