Surge in Options Trading: Spotlight on Novavax, Merck, and Innodata

High Volume for Novavax Calls

This week, notable options trading activity is observed among the companies in the Russell 3000 index, particularly with Novavax, Inc. (Symbol: NVAX). Today, a total of 37,397 contracts have been traded, representing roughly 3.7 million underlying shares, as each contract equates to 100 shares. This figure comprises 51.7% of NVAX’s average daily trading volume of 7.2 million shares for the last month. The $10.50 strike call option, set to expire on November 08, 2024, experienced significant traction, with 8,027 contracts traded today, equating to around 802,700 underlying shares. Below is a chart displaying NVAX’s trading history over the past twelve months with the $10.50 strike highlighted in orange:

Merck Sees Healthy Put Activity

Merck & Co Inc (Symbol: MRK) is also witnessing high options activity, with 45,468 contracts traded so far today. This volume translates to about 4.5 million underlying shares, making up 50.7% of MRK’s average daily trading volume of 9.0 million shares over the past month. A significant amount of activity was noted for the $100 strike put option expiring on November 15, 2024, where 11,789 contracts exchanged hands, representing approximately 1.2 million underlying shares. Below is a chart illustrating MRK’s trading history for the past year, featuring the $100 strike:

Innodata’s Trading Activity

Innodata Inc (Symbol: INOD) reported an options volume of 1,974 contracts today, which corresponds to about 197,400 underlying shares. This amount represents 50.6% of INOD’s average daily trading volume of 389,900 shares for the past month. Particularly high trading demand appeared in the $18 strike put option, also set to expire on November 15, 2024, with 504 contracts traded today, which translates to approximately 50,400 underlying shares. The following chart depicts INOD’s trading history over the last twelve months, with the $18 strike emphasized:

Explore More Options Details

For further options expirations available for NVAX, MRK, or INOD, visit StockOptionsChannel.com.

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