Surge in Options Trading for Guardant Health, Root Inc, and GXO Logistics

Key Options Activity Highlights Significant Engagement with Selected Stocks

Looking at today’s options trading for companies within the Russell 3000 index reveals striking activity in Guardant Health Inc (Symbol: GH). So far, 11,464 contracts have changed hands, which translates to about 1.1 million underlying shares since each contract covers 100 shares. This represents approximately 43.6% of GH’s average daily trading volume of 2.6 million shares over the past month. A particularly notable volume occurred at the $45 strike put option, set to expire on February 21, 2025, where 3,923 contracts were traded, equating to around 392,300 underlying shares of GH. Below is a chart illustrating GH’s trading history over the last twelve months, with the $45 strike highlighted in orange:

Next, Root Inc (Symbol: ROOT) has seen options trading volume reach 1,619 contracts today. This volume indicates around 161,900 underlying shares, equivalent to about 43.3% of ROOT’s average daily trading volume of 373,625 shares over the past month. The most significant activity was in the $125 strike call option, which expires on February 21, 2025. A total of 305 contracts were traded, corresponding to approximately 30,500 underlying shares of ROOT. The chart below shows ROOT’s trading history over the past year, with the $125 strike emphasized in orange:

Meanwhile, GXO Logistics Inc (Symbol: GXO) experienced options trading with a volume of 4,500 contracts, representing about 450,000 underlying shares. This figure amounts to approximately 42.8% of GXO’s average daily trading volume of 1.1 million shares over the past month. The $45 strike call option, also expiring on February 21, 2025, saw 1,406 contracts traded today, accounting for approximately 140,600 underlying shares of GXO. Below is a chart depicting GXO’s trading history for the last twelve months, with the $45 strike highlighted in orange:

For various option expirations available for GH, ROOT, or GXO, check out StockOptionsChannel.com.

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

Also see:

• Funds Holding EEHB
• GMO Historical Stock Prices
• Funds Holding SLCT

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