Surge in Options Trading: Insights on Advance Auto Parts, AST SpaceMobile, and Polaris

Today, there was significant activity in the options market for several companies within the Russell 3000 index. Advance Auto Parts Inc. (Symbol: AAP) topped the charts with a notable trading volume.

Advance Auto Parts Goes Big

Advance Auto Parts Inc. witnessed robust options trading with a total of 13,152 contracts exchanged, representing about 1.3 million shares. This figure constitutes approximately 43.1% of AAP’s average daily trading volume of 3.1 million shares over the past month. A highlight of the day was the $48 strike call option set to expire on December 6, 2024. So far, 1,426 contracts have changed hands, translating to around 142,600 underlying shares. The trailing twelve-month trading history for AAP includes the $48 strike, marked in orange below:

AST SpaceMobile Not far Behind

AST SpaceMobile Inc. (Symbol: ASTS) also saw impressive options trading, with 46,716 contracts traded today, which accounts for approximately 4.7 million underlying shares. This volume represents about 42.6% of the company’s average daily trading volume of 11.0 million shares over the past month. The $26 strike call option, expiring on November 29, 2024, experienced heightened activity, with 3,145 contracts traded, equating to roughly 314,500 underlying shares. Below is ASTS’s trading history chart highlighting the $26 strike:

Polaris Inc. Trades Strongly

Polaris Inc. (Symbol: PII) also contributed to the active trading scene, recording a volume of 2,880 contracts, which is about 288,000 underlying shares. This figure represents roughly 42.3% of PII’s average daily trading volume of 681,600 shares over the last month. The focus was on the $75 strike call option expiring on December 20, 2024, with 1,609 contracts traded, symbolizing approximately 160,900 underlying shares. Below is the chart depicting PII’s trading history, with the $75 strike highlighted:

For more information on the options available for AAP, ASTS, and PII, visit StockOptionsChannel.com.

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

Also see:

• FitLife Brands Earnings History
• Institutional Holders of DCRE
• Funds Holding RPXC

The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.