Today’s Options Trading Highlights: Carvana, Wynn Resorts, and Madrigal Pharmaceuticals Shine

Key options trading activity sheds light on the movements of Carvana, Wynn Resorts, and Madrigal Pharmaceuticals.

Among the noticeable components of the Russell 3000 index today, Carvana Co (Symbol: CVNA) experienced significant options trading activity with 24,140 contracts exchanged, equating to approximately 2.4 million underlying shares. This represents around 51.5% of CVNA’s average daily trading volume of 4.7 million shares over the past month. A particularly active strike was the $220 put option expiring on January 24, 2025, with 1,160 contracts traded today, representing about 116,000 underlying shares of CVNA. Below is a chart showcasing CVNA’s trailing twelve-month trading history, with the $220 strike clearly marked in orange:

Wynn Resorts Ltd (Symbol: WYNN) reported a notable options volume of 10,522 contracts today. This figure indicates approximately 1.1 million underlying shares, which is roughly 51.2% of WYNN’s average daily trading volume of 2.1 million shares over the last month. A high level of activity was observed for the $85 call option expiring on February 21, 2025, with 716 contracts traded today, translating to about 71,600 underlying shares of WYNN. The following chart presents WYNN’s trailing twelve-month trading history, with the $85 strike highlighted:

In addition, Madrigal Pharmaceuticals Inc (Symbol: MDGL) recorded options trading volume of 2,117 contracts, which corresponds to roughly 211,700 underlying shares. This volume accounts for about 51.2% of MDGL’s average daily trading volume of 413,210 shares over the past month. Strong trading activity was noted for the $300 call option expiring on February 21, 2025, with 767 contracts traded today, equating to roughly 76,700 underlying shares of MDGL. Below is a chart illustrating MDGL’s trailing twelve-month trading history, with the $300 strike marked in orange:

For details on the various expiration dates for options on CVNA, WYNN, or MDGL, you may visit StockOptionsChannel.com.

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