High Volume Options Trading Highlights Key Players in the Russell 3000

Gap Inc, AMC Entertainment, and Amazon.com See Increased Options Activity

Among the components of the Russell 3000 index, The Gap Inc (Symbol: GAP) stood out today with significant options trading. A total of 40,746 contracts changed hands, which is about 4.1 million underlying shares. This volume is strong, accounting for roughly 109% of GAP’s average daily trading volume of 3.7 million shares over the past month.

Particularly notable was the activity for the $19 strike put option set to expire on November 15, 2024. A total of 15,016 contracts traded today, equating to around 1.5 million underlying shares of GAP. The following chart illustrates GAP’s trading history over the past twelve months, with the $19 strike highlighted in orange:

In a similar vein, AMC Entertainment Holdings Inc. (Symbol: AMC) saw 69,573 contracts traded, representing about 7.0 million underlying shares. This figure marks approximately 108.7% of AMC’s average daily trading volume, which is 6.4 million shares.

The $5 strike call option expiring on November 08, 2024, attracted significant interest, with 8,074 contracts trading today, corresponding to about 807,400 underlying shares of AMC. Below is AMC’s trading history for the last twelve months, with the $5 strike emphasized in orange:

Amazon.com Inc (Symbol: AMZN) also experienced a surge in options trading, with 369,891 contracts exchanged. This corresponds to about 37.0 million underlying shares, translating to roughly 105.3% of AMZN’s average daily trading volume of 35.1 million shares for the month.

The $200 strike call option expiring on November 08, 2024, had particularly high activity with 25,428 contracts traded, which equates to around 2.5 million underlying shares of AMZN. The chart below depicts AMZN’s trading activity over the past twelve months, highlighting the $200 strike in orange:

For information on various option expirations for GAP, AMC, or AMZN, please visit StockOptionsChannel.com.

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