Surge in Options Trading Highlights Russell 3000 Movements

Today witnessed significant options trading in several companies within the Russell 3000 index, indicating strong investor interest.

Modine Manufacturing Leads with High Volume

Modine Manufacturing Co. (Symbol: MOD) caught attention with a total of 3,389 options contracts, translating to about 338,900 shares. This reflects approximately 42.3% of MOD’s average daily trading volume of 800,830 shares over the past month. Notably, the $140 strike call option set to expire on January 17, 2025, saw high activity, with 1,704 contracts traded and about 170,400 underlying shares represented. Below is a chart displaying MOD’s trading history from the past twelve months, with the $140 strike marked in orange:

Marvell Technology Sees Robust Options Activity

Marvell Technology Inc. (Symbol: MRVL) experienced a trading volume of 39,598 options contracts, equivalent to roughly 4.0 million underlying shares. This includes approximately 42% of MRVL’s average daily trading volume of 9.4 million shares for the past month. The $97.50 strike call option expiring on December 20, 2024, had significant trading, with 4,610 contracts exchanged, covering about 461,000 underlying shares. Below is a chart illustrating MRVL’s trading history over the last twelve months, with the $97.50 strike highlighted in orange:

Boeing Co. Options Activity Off the Charts

Boeing Co. (Symbol: BA) also showed vigorous trading with 84,146 options contracts, representing around 8.4 million underlying shares. This figure accounts for about 41.9% of BA’s average daily trading volume, which stands at 20.1 million shares for the past month. The $150 strike call option set to expire on November 29, 2024, was notably active, with 4,333 contracts traded, equating to approximately 433,300 underlying shares. Below is a chart showing BA’s trailing twelve-month trading history, featuring the $150 strike highlighted in orange:

Investors can explore options for MOD, MRVL, and BA by visiting StockOptionsChannel.com.

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

Additional Resources:

• WPRT Historical Stock Prices
• XV Videos
• Institutional Holders of WBAI

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