Surge in Options Trading Volume for Key Russell 3000 Stocks

Among the underlying components of the Russell 3000 index, significant options trading volume was observed today in Advance Auto Parts Inc (Symbol: AAP). A total of 8,245 contracts have changed hands, which translates to approximately 824,500 underlying shares. This figure constitutes about 45.4% of AAP’s average daily trading volume of 1.8 million shares over the past month. Notably, high activity was recorded for the $36.50 strike call option, expiring May 30, 2025, with 1,276 contracts traded so far today, representing around 127,600 underlying shares of AAP.

Astera Labs Inc (Symbol: ALAB) also experienced robust options trading, with a total of 16,785 contracts traded, equating to approximately 1.7 million underlying shares. This represents about 43.6% of ALAB’s average daily volume of 3.9 million shares for the past month. High volume was particularly noted for the $90 strike put option, expiring May 16, 2025, where 3,769 contracts were traded today, representing about 376,900 underlying shares of ALAB.

D-Wave Quantum Inc (Symbol: QBTS) saw exceptional options trading volume of 233,009 contracts, representing approximately 23.3 million underlying shares. This is around 43.2% of QBTS’s average daily trading volume of 54 million shares over the last month. For the $12 strike call option expiring May 23, 2025, 26,034 contracts have traded today, representing roughly 2.6 million underlying shares of QBTS.

For more details on the various expirations available for options on AAP, ALAB, or QBTS, visit StockOptionsChannel.com.

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