Surge in Options Trading: Costco, CoreCivic, and Meta Platforms Draw Attention

A Look at Today’s Significant Market Activity

In today’s trading session, the Russell 3000 index saw notable activity in options trading, particularly in Costco Wholesale Corp (Symbol: COST). So far, 33,490 contracts have been exchanged, which equates to about 3.3 million underlying shares. This is a remarkable 215.2% of COST’s average daily trading volume over the past month, which stands at 1.6 million shares. A large portion of this activity involved the $840 strike put option set to expire on November 08, 2024, with 5,927 contracts reportedly traded—representing roughly 592,700 underlying shares of COST. Below is a chart that illustrates COST’s trading performance over the last twelve months, with the $840 strike option highlighted in orange:

Similarly, CoreCivic Inc (Symbol: CXW) also witnessed substantial options trading, with 12,453 contracts traded to date. This figure represents approximately 1.2 million underlying shares, contributing to 197.4% of CXW’s average daily volume of 630,875 shares over the past month. The $12 strike call option expiring on November 15, 2024, was particularly active, with 10,028 contracts traded, which amounts to roughly 1.0 million underlying shares of CXW. The chart below depicts CXW’s twelve-month trading history, with the $12 strike noted in orange:

Meta Platforms Inc (Symbol: META) experienced the highest volume today, with a staggering 203,982 contracts traded. This figure translates to approximately 20.4 million underlying shares and 174.6% of META’s average daily trading volume of 11.7 million shares. The $610 strike call option set to expire on November 08, 2024, showed significant interest, with 9,232 contracts traded, accounting for around 923,200 underlying shares of META. The following chart summarizes META’s trading history over the past year, highlighting the $610 strike option in orange:

For additional information on the various available options expiring for COST, CXW, or META, 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 the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.