Surge in Options Trading for Okta, Peloton, and Telephone & Data Systems

Today’s options trading has highlighted significant activity in three companies: Okta Inc (Symbol: OKTA), Peloton Interactive Inc (Symbol: PTON), and Telephone & Data Systems Inc (Symbol: TDS). Let’s break down the numbers.

Okta Inc (OKTA) Sees Record Trading Volume

In the Russell 3000 index, Okta Inc recorded impressive options trading, with 21,988 contracts exchanged. This figure corresponds to around 2.2 million underlying shares, surpassing OKTA’s average daily trading volume of 2.0 million shares by roughly 108.1%. Notably, the $130 strike call option, set to expire on January 17, 2025, accounted for much of this activity, with 8,134 contracts, representing 813,400 shares, being traded today. Below is a chart showing OKTA’s trading history over the last twelve months, with the $130 strike highlighted in orange:

Peloton Interactive Inc (PTON) Posts Strong Activity

Peloton’s options trading reached a volume of 112,675 contracts today, which is equivalent to about 11.3 million underlying shares. This figure represents approximately 106.7% of PTON’s average daily trading volume of 10.6 million shares over the past month. The $6 strike call option expiring on November 15, 2024, was exceptionally popular, with 14,260 contracts traded, translating to around 1.4 million underlying shares. A chart depicting PTON’s recent trading history, with the $6 strike highlighted, is shown below:

Telephone & Data Systems Inc (TDS) Records Significant Volume

Lastly, Telephone & Data Systems Inc experienced options trading volume of 7,214 contracts, which equals approximately 721,400 underlying shares. This figure represents about 95.2% of TDS’s average daily trading volume of 757,990 shares in the past month. The $22.50 strike put option, expiring on December 20, 2024, was particularly active, accounting for 2,745 contracts, or roughly 274,500 underlying shares. Below is a chart showing TDS’s trading history over the last year, with the $22.50 strike highlighted:

For more details on available options expirations for OKTA, PTON, or TDS, visit StockOptionsChannel.com.

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