Surge in Options Trading for FedEx, Core Natural Resources, and Target

Key Insights into Today’s Top Trades

Among the components of the Russell 3000 index, there was significant activity in options trading today. FedEx Corp (Symbol: FDX) saw a total of 11,229 contracts change hands, translating to about 1.1 million underlying shares. This figure constitutes roughly 62.6% of FDX’s average daily trading volume, which stands at 1.8 million shares over the past month. Notably, the $265 strike call option that expires on February 14, 2025, attracted substantial interest, with 1,065 contracts traded today, equating to around 106,500 underlying shares. The following chart illustrates FDX’s trading history over the past year, with the $265 strike highlighted in orange:

In a similar vein, Core Natural Resources Inc (Symbol: CNR) experienced options trading volume of 5,471 contracts, which corresponds to approximately 547,100 underlying shares. This volume reflects about 60.3% of CNR’s average daily trading volume of 907,640 shares in the past month. The $100 strike call option set to expire on December 19, 2025, saw particularly high enthusiasm, with 5,001 contracts traded today, representing around 500,100 underlying shares. Below is a chart depicting CNR’s trading history over the last twelve months, with the $100 strike highlighted in orange:

Meanwhile, Target Corp (Symbol: TGT) reported an impressive options trading volume of 31,302 contracts, amounting to approximately 3.1 million underlying shares. This represents about 60.1% of TGT’s average daily trading volume of 5.2 million shares in the previous month. A standout in today’s activity was the $127 strike put option set to expire on February 14, 2025, which saw 1,736 contracts trading, correlating to roughly 173,600 underlying shares. Below is the chart showing TGT’s trading history over the last twelve months, with the $127 strike highlighted in orange:

For additional details regarding the different expirations available for options on FDX, CNR, or TGT, you can visit StockOptionsChannel.com.

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

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