Significant Option Activity on Friday: ABNB, AVAV, VSCO

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On October 25, 2023, significant options trading was reported for several companies within the Russell 3000 index. Airbnb Inc (ABNB) recorded a total volume of 30,104 contracts, translating to approximately 3.0 million underlying shares. This volume represents 51.4% of ABNB’s average daily trading volume of 5.9 million shares over the past month. The $170 strike put option expiring on January 16, 2026, saw particularly high activity with 3,200 contracts traded, equivalent to about 320,000 underlying shares.

Additionally, AeroVironment, Inc. (AVAV) experienced a trading volume of 4,012 contracts, equating to 401,200 underlying shares and 51.1% of its average daily volume of 785,515 shares. The $280 strike put option expiring on December 12, 2025, accounted for 380 contracts traded, representing around 38,000 underlying shares.

Victoria’s Secret & Co (VSCO) also noted substantial options trading, with 11,900 contracts, or about 1.2 million shares, which is around 50.9% of its average daily volume of 2.3 million shares. Notably, the $45 strike call option expiring on December 19, 2025, had 2,569 contracts traded, equating to approximately 256,900 underlying shares.

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