Tenet Healthcare and Others See Significant Options Trading Activity

In the midst of trading today, notable activity emerged within the Russell 3000 index, particularly focusing on options for several companies. Tenet Healthcare Corp. (Symbol: THC) caught attention due to a substantial volume of options trading.

Tenet Healthcare Corp. (THC) Options Activity

Tenet Healthcare Corp. experienced a remarkable options trading volume today, with 8,527 contracts exchanged. This volume translates to about 852,700 underlying shares, comprising roughly 82.1% of THC’s average daily trading volume of 1.0 million shares over the past month. The $170 strike call option, set to expire on February 21, 2025, saw 2,000 contracts traded, equating to around 200,000 underlying shares of THC. Below is THC’s trailing twelve-month trading history, featuring the highlighted $170 strike:

UWM Holdings Corp (UWMC) Options Activity

UWM Holdings Corp (Symbol: UWMC) recorded an impressive options trading volume of 26,680 contracts, representing roughly 2.7 million underlying shares. This figure accounts for about 81.6% of the company’s average daily trading volume of 3.3 million shares over the past month. The $8 strike call option expiring on November 15, 2024, saw significant trade, with 15,022 contracts exchanged, equivalent to approximately 1.5 million underlying shares. The chart below illustrates UWMC’s trailing twelve-month trading history with the $8 strike highlighted:

Hess Corp (HES) Options Activity

Hess Corp (Symbol: HES) also observed substantial activity with a total of 10,346 options contracts traded, which represents approximately 1.0 million underlying shares. This volume is around 78.7% of HES’s average daily trading volume of 1.3 million shares over the past month. Notably, the $150 strike call option expiring December 20, 2024, had 10,021 contracts traded, corresponding to about 1.0 million underlying shares of HES. Below is HES’s trailing twelve-month trading history, with the $150 strike highlighted:

For access to various available expirations for options on THC, UWMC, or HES, please visit StockOptionsChannel.com.

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