Today, Carvana Co (CVNA) saw a significant surge in options trading volume, with 141,756 contracts traded, equating to approximately 14.2 million underlying shares. This trading volume represents about 296.7% of CVNA’s average daily trading volume of 4.8 million shares over the past month. Notably, the $300 strike put option expiring on February 20, 2026, accounted for 11,423 contracts, or approximately 1.1 million underlying shares.
Tesla Inc (TSLA) experienced robust options trading with 1.1 million contracts traded, representing around 114 million underlying shares, which is 186.3% of its average daily trading volume of 61.2 million shares. The $415 strike call option expiring on February 20, 2026, saw particularly high activity with 48,820 contracts traded, corresponding to about 4.9 million underlying shares.
Meta Platforms Inc (META) reported options trading volume of 176,927 contracts, or approximately 17.7 million underlying shares, which is 95.1% of its average daily trading volume of 18.6 million shares. The $645 strike call option expiring on February 20, 2026, contributed 13,095 contracts, representing about 1.3 million underlying shares.
