Options Trading Activity Highlights: Redfin, Kroger, and QuantumScape See Significant Volume

Today’s options trading among the Russell 3000 index components reveals some remarkable movements. Redfin Corp (Symbol: RDFN) is experiencing an impressive trading day.

Redfin Corp (RDFN): Major Trading Volume

Redfin Corp has recorded a total of 23,861 options contracts traded today. This volume translates to roughly 2.4 million underlying shares, as each contract represents 100 shares. This figure accounts for about 41.9% of RDFN’s average daily trading volume over the past month, which stands at 5.7 million shares. A standout option is the $11 strike call option expiring November 01, 2024, where 8,743 contracts have traded, representing approximately 874,300 underlying shares. Below is a chart displaying RDFN’s trading activity over the past year, with the $11 strike highlighted in orange:

Kroger Co (KR): Solid Options Activity

Kroger Co has also seen significant options activity, with 12,712 contracts traded thus far today. This equates to around 1.3 million underlying shares and represents about 41.4% of KR’s average daily trading volume of 3.1 million shares over the past month. Notably, the $60 strike call option expiring November 15, 2024, has garnered high interest, with 2,638 contracts traded, representing approximately 263,800 underlying shares. Below is the chart showing Kroger’s trading trends over the last year, highlighting the $60 strike in orange:

QuantumScape Corp (QS): Noteworthy Options Volume

QuantumScape Corp has reported a trading volume of 20,844 options contracts today, equal to about 2.1 million underlying shares. This figure represents roughly 41% of QS’s average daily trading volume of 5.1 million shares over the past month. The $5 strike put option that expires on October 25, 2024, has seen a substantial 2,094 contracts traded, indicating approximately 209,400 underlying shares. Below is a chart reflecting QS’s trading history for the past year, with the $5 strike marked in orange:

For more information on the various options expirations available for RDFN, KR, and QS, visit StockOptionsChannel.com.

Today’s Most Active Call & Put Options of the S&P 500 »

Additional Resources:

• YTD Return
• SMBK Options Chain
• NG Stock Predictions

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