Options Trading Sees Strong Activity in Sphere Entertainment, Marvell Technology, and Crane Co.

Today, options trading within the Russell 3000 index has highlighted significant volumes for several companies, particularly Sphere Entertainment Co (Symbol: SPHR), Marvell Technology Inc (Symbol: MRVL), and Crane Co (Symbol: CR).

Sphere Entertainment Co Experiences Elevated Trading Volume

Sphere Entertainment Co (SPHR) has recorded a total of 6,151 contracts traded today, which translates to about 615,100 underlying shares. This figure represents approximately 70.8% of SPHR’s average daily trading volume of 869,020 shares over the past month. Notably, the $50 strike call option set to expire on February 21, 2025, has been particularly active, with 4,391 contracts traded, accounting for around 439,100 underlying shares. Below is a chart illustrating SPHR’s trading history over the last twelve months, highlighting the $50 strike in orange:

Marvell Technology Inc Shows Robust Option Activity

Marvell Technology Inc (MRVL) has seen significant trading today, with 96,195 options contracts exchanged. This number represents approximately 9.6 million underlying shares, equating to 68.9% of MRVL’s average daily trading volume of 14.0 million shares lately. The $113 strike call option, expiring on December 13, 2024, was particularly noteworthy, with 12,641 contracts trading, which corresponds to about 1.3 million underlying shares. The following chart provides a look at MRVL’s trading history over the past twelve months, with the $113 strike marked in orange:

Crane Co Highlights High Volume Options

Crane Co (CR) has also displayed significant options activity, with 1,617 contracts traded today, representing about 161,700 underlying shares. This volume accounts for approximately 68.2% of CR’s average daily trading volume of 236,935 shares in the past month. The $175 strike call option, expiring on January 17, 2025, has seen substantial activity, with 800 contracts changing hands, equating to around 80,000 underlying shares of CR. Below is the chart depicting CR’s trading history for the last twelve months, focusing on the $175 strike in orange:

For more information on available expirations for options on SPHR, MRVL, or CR, 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.