Surge in Options Trading: Royal Caribbean, GameStop, and Carvana Attract Attention
Royal Caribbean Group Sees Unprecedented Volume
Looking at the options trading activity within the Russell 3000 index, Royal Caribbean Group (Symbol: RCL) stands out today. A total of 53,275 contracts have been traded, which equates to around 5.3 million underlying shares, as each contract represents 100 shares. This volume is an impressive 271.4% of RCL’s average daily trading volume of 2.0 million shares recorded over the past month. Notably, the $55 strike call option set to expire on January 17, 2025, has garnered significant attention with 8,400 contracts traded, reflecting about 840,000 underlying shares. Below is a chart showcasing RCL’s trading history over the past twelve months, with the $55 strike highlighted in orange:
GameStop Corp’s Options Trading Activity Makes Waves
GameStop Corp (Symbol: GME) is experiencing considerable options trading activity today, with 330,702 contracts exchanged. This translates to roughly 33.1 million underlying shares, accounting for 234.7% of GME’s average daily trading volume of 14.1 million shares over the last month. The $35 strike call option expiring on December 27, 2024, is particularly active, with 31,356 contracts traded today, representing approximately 3.1 million underlying shares. Below is a chart reflecting GME’s trading history for the past twelve months, with the $35 strike highlighted in orange:
Carvana Co Shows Strong Options Trading Volume
Carvana Co (Symbol: CVNA) is also witnessing robust options trading with 55,170 contracts being traded, which relates to about 5.5 million underlying shares. This volume represents 234.2% of CVNA’s average daily trading volume of 2.4 million shares over the past month. The $265 strike call option expiring on January 3, 2025, has seen heightened interest, with 6,086 contracts traded, indicating roughly 608,600 underlying shares of CVNA. Below is a chart detailing CVNA’s twelve-month trading history, with the $265 strike highlighted in orange:
For additional details on available expirations for RCL, GME, and CVNA options, please visit StockOptionsChannel.com.
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• ORC Dividend History
• WBA Insider Buying
• Top Ten Hedge Funds Holding OLIT
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
