High Options Trading Volume Noted for LKQ, VEL, and PSN
Today, options trading for components of the Russell 3000 index shows significant activity, particularly for LKQ Corp (Symbol: LKQ). Currently, 30,041 contracts have changed hands, equating to approximately 3.0 million underlying shares since each contract represents 100 shares. This volume represents 121.9% of LKQ’s average daily trading volume of 2.5 million shares over the past month. The most notable activity is observed in the $40 strike call option expiring on May 16, 2025, with 13,603 contracts trading today, representing around 1.4 million underlying shares. Below is a chart displaying LKQ’s trailing twelve-month trading history, highlighting the $40 strike in orange:
Meanwhile, Velocity Financial Inc (Symbol: VEL) has experienced a volume of 1,200 contracts traded today. This corresponds to roughly 120,000 underlying shares, which amounts to a significant 108.9% of VEL’s recent average daily trading volume of 110,225 shares. The $17.50 strike put option expiring on June 20, 2025, has seen particularly high activity with 750 contracts traded, representing about 75,000 underlying shares. The following chart illustrates VEL’s trading history over the last twelve months, with the $17.50 strike highlighted:
Additionally, Parsons Corp (Symbol: PSN) is witnessing substantial trading volume as well. So far today, 14,125 contracts have been actively traded, amounting to approximately 1.4 million underlying shares, which is 98.7% of PSN’s average daily trading volume of 1.4 million shares over the last month. Among these, the $75 strike call option expiring June 20, 2025, has seen high interest with 7,054 contracts trading, representing about 705,400 underlying shares. Below is the chart showing PSN’s trailing twelve-month trading activity with the $75 strike highlighted:
For further exploration of available expirations for LKQ, VEL, or PSN options, please refer to StockOptionsChannel.com.
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
