Significant Options Trading Activity Observed in Russell 3000 Stocks

Looking at options trading activity within the Russell 3000 index, notable movements are seen today in several stocks. Lenz Therapeutics Inc (Symbol: LENZ) reports a total volume of 2,013 contracts traded so far, which corresponds to about 201,300 underlying shares. This figure represents approximately 73% of LENZ’s average daily trading volume over the past month, which is 275,780 shares.

The $30 strike call option expiring on July 18, 2025, attracted particularly high interest, with 2,002 contracts traded today, translating to approximately 200,200 underlying shares of LENZ. Below is a chart illustrating LENZ’s trailing twelve-month trading history, with the $30 strike highlighted in orange:

In a separate observation, Carvana Co (Symbol: CVNA) has seen options trade volume of 39,384 contracts today, representing roughly 3.9 million underlying shares. This amounts to a significant 70.2% of CVNA’s average daily trading volume over the past month, which stands at 5.6 million shares.

Today, the $240 strike call option expiring on May 02, 2025, was particularly active, with 2,218 contracts traded, equivalent to about 221,800 underlying shares of CVNA. The chart below shows CVNA’s trailing twelve-month trading history, with the $240 strike highlighted in orange:

Additionally, Appian Corp (Symbol: APPN) demonstrated options trading volume of 4,186 contracts, which equates to approximately 418,600 underlying shares. This figure represents around 69.6% of APPN’s average daily trading volume over the past month, totaling 601,690 shares.

Notable activity was recorded for the $25 strike call option set to expire on October 17, 2025, with 1,590 contracts traded today, representing roughly 159,000 underlying shares of APPN. The chart below details APPN’s trailing twelve-month trading history, with the $25 strike highlighted in orange:

Investors seeking information on various expiration dates for LENZ, CVNA, or APPN options can find details on comprehensive options platforms.

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