High Options Trading Volume Highlights Activity in Major Stocks

Today’s trading volume for options in several key companies, including Cleveland-Cliffs Inc, Turtle Beach Corp, and SolarWinds Corp, shows significant interest among investors.

Among the components of the Russell 3000 index, Cleveland-Cliffs Inc (Symbol: CLF) reported notable options trading activity. So far, 100,909 contracts have changed hands, which translates to approximately 10.1 million underlying shares. This figure represents around 82.4% of CLF’s average daily trading volume over the last month, listed at 12.2 million shares. A peak was seen for the $15 strike call option set to expire on December 19, 2025, with 55,832 contracts traded, equaling roughly 5.6 million shares of CLF. Below is a chart illustrating CLF’s trading history over the past twelve months, with the $15 strike clearly highlighted in orange:

Turtle Beach Corp (Symbol: TBCH) followed suit, registering options trading volume of 1,001 contracts. This amounts to approximately 100,100 underlying shares and represents about 75.9% of TBCH’s average daily trading volume of 131,965 shares. The $25 strike call option expiring on July 18, 2025, garnered attention, with 1,000 contracts traded, equating to about 100,000 shares of TBCH. The chart below displays TBCH’s trading history for the past twelve months, highlighting the $25 strike in orange:

Moreover, SolarWinds Corp (Symbol: SWI) reported options activity with 2,754 contracts traded, representing approximately 275,400 underlying shares, or 75.2% of SWI’s average daily trading volume of 366,385 shares. Noteworthy trading occurred for the $20 strike call option set to expire on May 16, 2025, with 1,005 contracts traded, representing about 100,500 underlying shares of SWI. Below is a chart depicting SWI’s trading history over the last twelve months, with the $20 strike highlighted in orange:

For more information on various expiration options available for CLF, TBCH, or SWI, visit StockOptionsChannel.com.

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

Also see:

• Top Ten Hedge Funds Holding ZIM
• Institutional Holders of PBY
• JONE Insider Buying

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