High Options Trading Activity in Major Russell 3000 Stocks

Among the components of the Russell 3000 index, today’s options trading activity has highlighted notable movements. United States Steel Corp. (Symbol: X) has seen a substantial volume of 45,599 contracts traded thus far. This represents approximately 4.6 million underlying shares since each contract corresponds to 100 shares. This trading volume accounts for 81.6% of X’s average daily trading volume of 5.6 million shares over the past month.

A significant spike occurred for the $45 strike call option expiring April 17, 2025, with 5,635 contracts being traded, which translates to roughly 563,500 underlying shares of X. Below is a chart illustrating X’s trading history over the trailing twelve months, with the $45 strike highlighted in orange:

When examining Chevron Corporation (Symbol: CVX), there has been considerable activity as well, with 64,873 contracts traded to date. This figure indicates around 6.5 million underlying shares, representing 68.8% of CVX’s average daily trading volume of 9.4 million shares over the past month. The $175 strike call option expiring May 16, 2025, saw particularly high trading volume, with 10,300 contracts exchanged, equating to approximately 1.0 million shares. The following chart depicts CVX’s trading history for the past year, showing the highlighted $175 strike in orange:

General Motors Co (Symbol: GM) has also demonstrated robust options trading today, with an impressive 121,707 contracts traded. This volume equates to about 12.2 million underlying shares, which represents 68.2% of GM’s average daily trading volume of 17.9 million shares in the past month. The $52.50 strike put option expiring May 16, 2025, recorded high interest today, with 12,937 contracts traded, corresponding to approximately 1.3 million shares. The chart below provides an overview of GM’s trading history over the last twelve months, with the $52.50 strike highlighted in orange:

For further details on available expirations for options from X, CVX, or GM, visit StockOptionsChannel.com.

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

Also see:

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