Market Insights: High Options Volume Continues for Key Stocks

Stitch Fix, FedEx, and Palantir See Notable Options Trading Activity

Today’s options trading among the Russell 3000 index members highlights some significant activity, particularly with Stitch Fix Inc. (Symbol: SFIX). A total of 11,641 contracts have been traded today, equating to about 1.2 million underlying shares. This figure represents approximately 80% of SFIX’s average daily trading volume over the past month, which stands at 1.5 million shares. A notable point of interest is the $3.50 strike put option set to expire on December 13, 2024, where 4,121 contracts have been traded, translating to around 412,100 shares. Below is a chart showing the trading history for SFIX, with the $3.50 strike indicated in orange:

Shifting focus to FedEx Corp (Symbol: FDX), today’s options trading shows 12,642 contracts traded, which represents approximately 1.3 million underlying shares. This volume is about 79.2% of FDX’s average daily trading volume, which is 1.6 million shares. High trading activity has also been noted for the $330 strike call option, expiring on January 17, 2025; 1,557 contracts have traded, representing roughly 155,700 shares. Below is a chart available showing the trading history for FDX, with the $330 strike highlighted:

Palantir Technologies Inc. (Symbol: PLTR) reports a striking options trading volume of 614,900 contracts today, equating to approximately 61.5 million underlying shares. This amounts to around 75.4% of PLTR’s average daily trading volume of 81.6 million shares. The $75 strike call option, expiring December 13, 2024, has seen particularly heavy trading, with 30,699 contracts exchanged, equivalent to about 3.1 million shares. Below is the chart of PLTR’s trading history, with the $75 strike marked:

For more details on SFIX, FDX, or PLTR options and their various available expirations, visit StockOptionsChannel.com.

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