On October 10, 2023, notable options trading volumes were observed in three companies within the Russell 3000 index. Tenet Healthcare Corp. (THC) saw 11,993 contracts traded, equating to approximately 1.2 million underlying shares, representing 87.8% of its average daily volume of 1.4 million shares. The highlight included 3,539 contracts for the $180 strike call option expiring on August 15, 2025.
Navitas Semiconductor Corp (NVTS) recorded an even higher volume of 214,911 contracts, or about 21.5 million underlying shares, which is 85.1% of its average daily volume of 25.3 million shares. Notably, the $10 strike call option expiring on August 22, 2025, had 23,509 contracts traded.
Reddit Inc (RDDT) also displayed significant activity with 57,069 contracts, representing around 5.7 million underlying shares, or 81.2% of its average daily volume of 7.0 million shares. High volume was reported for the $150 strike call option expiring on July 25, 2025, with 4,380 contracts traded.
