High Options Trading Activity Highlights GitLab, Frontier Group, and Royal Gold

Today’s options trading has shown significant volume among several companies in the Russell 3000 index, notably GitLab Inc (Symbol: GTLB), Frontier Group Holdings Inc (Symbol: ULCC), and Royal Gold Inc (Symbol: RGLD).

GitLab Inc: Notable Call Options Activity

In GitLab’s trading today, a total of 7,052 options contracts have been exchanged, which translates to about 705,200 underlying shares. This figure represents 52.7% of GTLB’s average daily trading volume of 1.3 million shares over the past month. Exceptional activity was recorded for the $60 strike call option, set to expire on November 15, 2024, as 2,934 contracts changed hands, corresponding to roughly 293,400 underlying shares. The chart below illustrates GTLB’s trading history for the past year, with the $60 strike marked in orange:

Frontier Group: Significant Volume for $6 Call Options

Frontier Group also demonstrated strong activity today with options trading reaching a total of 13,161 contracts. This volume accounts for approximately 1.3 million underlying shares, equating to 51.6% of ULCC’s average daily trading volume of 2.6 million shares in the last month. The $6 strike call option, which expires on October 18, 2024, saw particularly high activity with 4,128 contracts traded, representing about 412,800 underlying shares. The following chart shows ULCC’s trading history over the past twelve months, with the $6 strike highlighted:

Royal Gold: Options Trading Volume Updates

In Royal Gold’s case, the options trading volume today reached 1,803 contracts, which represents around 180,300 underlying shares and approximately 51.5% of RGLD’s monthly average daily volume of 350,170 shares. A spike in interest was noted for the $145 strike call option expiring on October 18, 2024, with 222 contracts traded, translating to about 22,200 underlying shares. Below is a chart displaying RGLD’s trading history for the past year, with the $145 strike option highlighted:

To explore various expiration options available for GTLB, ULCC, or RGLD, 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.