Surge in Options Trading for Uber, PayPal, and Tesla

High Volumes Mark Significant Interest in Market Options

Today, Uber Technologies Inc. (Symbol: UBER) experienced a remarkable volume in options trading, with 390,326 contracts exchanged thus far. This figure translates to about 39.0 million underlying shares, surpassing UBER’s typical daily trading volume of 25.4 million shares by approximately 153.4%. Notably, the $70 strike call option set to expire on February 7, 2025, saw a particularly active market, with 16,383 contracts traded today, representing roughly 1.6 million underlying UBER shares. Below is a chart illustrating UBER’s trading activity over the past twelve months, with the $70 strike highlighted in orange:

Meanwhile, PayPal Holdings Inc. (Symbol: PYPL) also saw significant options trading activity, with a total of 156,865 contracts traded, equating to around 15.7 million underlying shares. This amount is approximately 141.5% of PYPL’s recent average daily volume of 11.1 million shares. The $83 strike call option, which expires on February 21, 2025, had a notable trading volume, with 9,365 contracts exchanged today, amounting to nearly 936,500 underlying PYPL shares. Below is a graph showing PYPL’s trading history over the past twelve months, with the $83 strike marked in orange:

Tesla Inc. (Symbol: TSLA) saw the highest activity among the three, with options trading volume hitting 822,890 contracts. This figure represents approximately 82.3 million underlying shares, or about 113% of TSLA’s average daily trading volume, which stands at 72.8 million shares. The $400 strike call option expiring on February 7, 2025, was particularly popular today, with 42,397 contracts traded, correlating to roughly 4.2 million underlying shares of TSLA. Below is a chart depicting TSLA’s trading performance over the last twelve months, highlighting the $400 strike in orange:

For a range of expirations for UBER, PYPL, or TSLA options, please visit StockOptionsChannel.com.

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