Significant Options Trading Activity in Major Stocks Highlights Market Trends
Today, there has been remarkable options trading activity in stocks that are part of the Russell 3000 index. Specifically, The Trade Desk Inc (Symbol: TTD) stands out with 13,890 contracts traded so far, translating to about 1.4 million underlying shares. This represents 59.6% of TTD’s average daily trading volume of 2.3 million shares over the past month. Notably, there has been a surge in trading for the $118 strike put option expiring on November 1, 2024, where 1,558 contracts exchanged hands, equating to roughly 155,800 shares. Below is TTD’s chart showing the trailing twelve month trading history, with the $118 strike indicated in orange:
Meanwhile, Viking Therapeutics Inc (Symbol: VKTX) has seen options trading volume hit 20,796 contracts, which means around 2.1 million underlying shares. This accounts for approximately 59.2% of VKTX’s average daily trading volume of 3.5 million shares. The $75 strike call option expiring November 1, 2024, saw particularly high activity with 3,086 contracts traded, representing about 308,600 underlying shares. Below is the trading history for VKTX, with the $75 strike emphasized in orange:
In a more dynamic move, Peloton Interactive Inc (Symbol: PTON) has recorded an impressive options volume of 83,062 contracts today. This equates to approximately 8.3 million underlying shares, making up 59.1% of PTON’s average daily trading volume of 14 million shares in the past month. The trading volume has been especially prominent for the $7 strike call option expiring November 15, 2024, with 18,890 contracts traded, representing around 1.9 million underlying shares. Below is PTON’s twelve-month trading history, highlighting the $7 strike in orange:
For more information on options available for TTD, VKTX, or PTON, you can visit StockOptionsChannel.com.
Today’s Most Active Call & Put Options of the S&P 500 »
Also see:
- Top Ten Hedge Funds Holding NJNK
- Top Ten Hedge Funds Holding ASND
- SAM Past Earnings
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
