Surge in Options Trading: Insights from Westlake, RCI Hospitality, and GEO Group

Today, options trading among Russell 3000 companies reveals significant activity. Notably, Westlake Corp (Symbol: WLK) has made headlines with a remarkable volume of 19,484 contracts traded, which translates to approximately 1.9 million underlying shares. This volume is an astonishing 442.7% of WLK’s average daily trading volume over the past month, which stands at 440,080 shares. A highlight of this activity includes the $130 strike put option, set to expire on November 15, 2024, with 9,747 contracts traded so far today, accounting for around 974,700 underlying shares of WLK. The following chart illustrates WLK’s trading history over the past year, with the $130 strike indicated in orange:

Meanwhile, RCI Hospitality Holdings Inc (Symbol: RICK) is seeing increased attention, with options trading volume reaching 1,937 contracts. This represents approximately 193,700 underlying shares and is about 313.8% of RICK’s average daily trading volume for the past month, which is 61,725 shares. The $50 strike put option set to expire on December 20, 2024, has notably generated 260 contracts traded, reflecting approximately 26,000 underlying shares. Below is RICK’s trading chart, marking the $50 strike in orange:

Additionally, GEO Group Inc (Symbol: GEO) has recorded a substantial options trading volume of 75,506 contracts, equivalent to about 7.6 million underlying shares. This figure represents approximately 298% of GEO’s average daily trading volume of 2.5 million shares over the past month. A point of interest is the $25 strike call option expiring on December 20, 2024, which has seen 5,803 contracts traded today, or about 580,300 underlying shares. The chart below shows GEO’s trading history for the past year, with the $25 strike highlighted:

For further details on available expirations for options on WLK, RICK, or GEO, please visit StockOptionsChannel.com.

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

Additional Resources:

• 10 Components Hedge Funds Are Selling
• LNMR Videos
• RFAIU Historical Stock Prices

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