High Volatility in Options Trading: Dollar Tree, First Solar, and U.S. Steel See Surge
Today has witnessed an uptick in options trading for three major companies in the Russell 3000 index: Dollar Tree Inc, First Solar Inc, and United States Steel Corp. Each company has recorded higher-than-average trading volumes, indicating potentially significant market interest.
Dollar Tree Inc is Making Waves
Among the most notable is Dollar Tree Inc (Symbol: DLTR), with a remarkable trading volume of 51,727 contracts today. This volume is equivalent to about 5.2 million underlying shares, which is 146% higher than DLTR’s average daily trading volume of 3.5 million shares over the past month. The $70 strike call option set to expire on November 08, 2024, sparked particular interest, with 12,489 contracts traded, translating to approximately 1.2 million underlying shares of DLTR.
First Solar Inc Draws Investor Attention
Options trading for First Solar Inc (Symbol: FSLR) reached 46,743 contracts today, representing around 4.7 million underlying shares. This activity marks about 145.6% of FSLR’s average daily trading volume of 3.2 million shares over the past month. Volume peaked for the $280 strike call option expiring on November 15, 2024, with 2,356 contracts traded, representing roughly 235,600 underlying shares of FSLR.
United States Steel Corp Experiences Increased Activity
United States Steel Corp. (Symbol: X) also saw considerable options trading, with 37,845 contracts traded today. This figure corresponds to about 3.8 million underlying shares, equating to 139.1% of X’s average daily volume of 2.7 million shares during the past month. Notably, the $40 strike put option, expiring on January 17, 2025, has attracted attention, with 6,799 contracts traded, representing approximately 679,900 underlying shares of X.
For more detailed insights on available expirations for DLTR, FSLR, or X options, please 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 those of the author and do not necessarily reflect those of Nasdaq, Inc.
