Surge in Options Trading Activity Highlights Key Stocks

Notable Movements from UPS, Primoris Services, and Best Buy

Looking at options trading today among companies in the Russell 3000 index, notable activity has been observed in United Parcel Service Inc (Symbol: UPS). So far, 21,954 contracts have been traded, equating to about 2.2 million underlying shares. This figure represents 60.3% of UPS’s average daily trading volume for the past month, which stands at 3.6 million shares. A significant portion of this activity is attributed to the $150 strike call option set to expire on March 21, 2025, where 10,069 contracts have changed hands, or approximately 1.0 million underlying shares of UPS. Below is a chart showing UPS’s trailing twelve-month trading history with the $150 strike highlighted in orange:

Next, Primoris Services Corp (Symbol: PRIM) is also seeing heightened options activity, with 3,625 contracts traded today. This volume corresponds to around 362,500 underlying shares, which is a significant 60% of PRIM’s average daily volume of 603,970 shares over the past month. The $65 strike call option expiring on November 15, 2024, has garnered particular interest with 2,040 contracts traded, representing roughly 204,000 underlying shares of PRIM. Below is a chart indicating PRIM’s trading activity over the past year, showcasing the $65 strike in orange:

Lastly, Best Buy Inc (Symbol: BBY) is experiencing robust options trading, with today’s volume reaching 13,313 contracts, equivalent to about 1.3 million underlying shares. This amounts to approximately 59.7% of BBY’s monthly average trading volume of 2.2 million shares. A notable spike is seen in the $75 strike put option expiring on March 21, 2025, with 4,802 contracts traded thus far, representing around 480,200 underlying shares of BBY. Below is a chart reflecting BBY’s trading history over the past year, with the $75 strike marked in orange:

For more information about the various expiration dates available for options related to UPS, PRIM, or BBY, visit StockOptionsChannel.com.

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

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