Surge in Options Trading: Block Inc, Werner Enterprises, and Cassava Sciences Stand Out

Today’s options trading reveals impressive volumes in several notable companies, indicating active market interest.

Among the Russell 3000 index components, Block Inc (Symbol: SQ) saw remarkable options trading today, with 39,008 contracts exchanged, which is equivalent to approximately 3.9 million underlying shares. This total represents about 79.9% of SQ’s average daily trading volume of 4.9 million shares over the past month. The most actively traded option was the $77 strike call option set to expire on November 08, 2024, with 7,706 contracts traded today, accounting for around 770,600 underlying shares. Below is a chart showing SQ’s trailing twelve months of trading activity, with the $77 strike denoted in orange:

Werner Enterprises, Inc. (Symbol: WERN) is also seeing significant options volume, with 6,000 contracts traded today, translating to approximately 600,000 underlying shares. This figure correlates to a substantial 78.6% of WERN’s average daily trading volume of 763,420 shares over the past month. A highlight was the $35 strike put option expiring November 15, 2024, with 3,000 contracts traded, representing about 300,000 underlying shares. Below is a chart showing WERN’s trading history over the past year, with the $35 strike highlighted in orange:

Cassava Sciences Inc (Symbol: SAVA) reported options trading volume of 12,328 contracts today, or around 1.2 million underlying shares, which is about 76.9% of SAVA’s average daily volume of 1.6 million shares over the last month. The $10 strike put option set to expire on December 20, 2024, saw particularly high interest, with 4,112 contracts traded today, equating to roughly 411,200 underlying shares. Below is a chart illustrating SAVA’s trading history over the previous year, with the $10 strike indicated in orange:

For more options expirations for SQ, WERN, or SAVA, visit StockOptionsChannel.com.

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

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