Surge in Options Trading Activity for Target, Western Digital, and Avis Budget

Key Highlights from Today’s Trading Volume

Amid trading on the Russell 3000 index, options trading volume has significantly increased for several companies. Target Corp (Symbol: TGT) led the way with 22,034 contracts exchanged, which translates to around 2.2 million underlying shares. This figure represents approximately 48.3% of TGT’s average daily volume of 4.6 million shares over the past month. The standout was the $145 strike call option expiring on January 17, 2025, where 4,672 contracts were traded, accounting for about 467,200 underlying shares. Below you can see a chart illustrating TGT’s trading history with the $145 strike highlighted in orange:

Western Digital Sees Strong Trading Momentum

Western Digital Corp (Symbol: WDC) recorded an impressive 26,959 contracts traded today, representing about 2.7 million underlying shares. This volume is approximately 47.7% of WDC’s average daily trading volume of 5.7 million shares for the past month. Notably, the $80 strike call option set to expire on April 17, 2025, attracted significant interest with 10,549 contracts traded, making up roughly 1.1 million underlying shares. The following chart illustrates WDC’s trading history with the $80 strike highlighted in orange:

Avis Budget Group Options Also Active

Avis Budget Group Inc (Symbol: CAR) recorded a trading volume of 2,821 contracts today, which represents approximately 282,100 underlying shares. This figure is about 47.2% of CAR’s average daily volume of 598,035 shares over the last month. A particular focus was seen in the $85 strike put option expiring on January 17, 2025, with 757 contracts traded, representing around 75,700 underlying shares. Below is a chart depicting CAR’s trading history, highlighting the $85 strike in orange:

Explore More Options Trends

To stay updated on the various available expirations for TGT options, WDC options, or CAR options, head over to StockOptionsChannel.com.

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

Also see:

• Stock DMA
• WY market cap history
• WTV Options Chain

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